BTC Capital Management Inc. Has $1.15 Million Position in Thor Industries, Inc. (THO)
BTC Capital Management Inc. reduced its position in shares of Thor Industries, Inc. (NYSE:THO) by 0.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,016 shares of the construction company’s stock after selling 89 shares during the period. BTC Capital Management Inc.’s holdings in Thor Industries were worth $1,150,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Nisa Investment Advisors LLC raised its stake in shares of Thor Industries by 130.4% in the first quarter. Nisa Investment Advisors LLC now owns 26,500 shares of the construction company’s stock worth $2,547,000 after buying an additional 15,000 shares in the last quarter. Somerset Trust Co raised its stake in shares of Thor Industries by 0.4% in the first quarter. Somerset Trust Co now owns 6,641 shares of the construction company’s stock worth $639,000 after buying an additional 25 shares in the last quarter. Telemus Capital LLC acquired a new stake in shares of Thor Industries during the first quarter worth $288,000. First United Bank Trust raised its stake in shares of Thor Industries by 38.5% in the first quarter. First United Bank Trust now owns 7,394 shares of the construction company’s stock worth $711,000 after buying an additional 2,055 shares in the last quarter. Finally, Louisiana State Employees Retirement System raised its stake in shares of Thor Industries by 2.5% in the first quarter. Louisiana State Employees Retirement System now owns 12,100 shares of the construction company’s stock worth $1,163,000 after buying an additional 300 shares in the last quarter. 90.36% of the stock is currently owned by institutional investors.
Shares of Thor Industries, Inc. (NYSE:THO) opened at 101.70 on Friday. The stock’s 50 day moving average price is $105.08 and its 200 day moving average price is $101.04. The stock has a market cap of $5.35 billion, a price-to-earnings ratio of 15.87 and a beta of 1.40. Thor Industries, Inc. has a 52 week low of $74.00 and a 52 week high of $115.74.
Thor Industries (NYSE:THO) last posted its quarterly earnings results on Monday, June 5th. The construction company reported $2.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.24. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.96 billion. Thor Industries had a net margin of 5.11% and a return on equity of 24.83%. The business’s quarterly revenue was up 56.9% on a year-over-year basis. During the same period last year, the business posted $1.51 EPS. Equities research analysts anticipate that Thor Industries, Inc. will post $6.76 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 12th. Shareholders of record on Friday, June 23rd were given a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, June 21st. This represents a $1.32 annualized dividend and a yield of 1.30%. Thor Industries’s dividend payout ratio is 20.63%.
A number of brokerages have weighed in on THO. Off Wall Street began coverage on Thor Industries in a report on Thursday, June 29th. They issued a “sell” rating and a $75.00 price objective on the stock. Zacks Investment Research raised Thor Industries from a “hold” rating to a “buy” rating and set a $120.00 price objective on the stock in a report on Saturday, June 24th. BidaskClub lowered Thor Industries from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. BMO Capital Markets lowered Thor Industries from an “outperform” rating to a “market perform” rating in a report on Thursday, July 6th. Finally, Stifel Nicolaus began coverage on Thor Industries in a report on Thursday, July 6th. They issued a “hold” rating and a $110.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $107.06.
In other Thor Industries news, Director Alan Siegel sold 1,000 shares of the firm’s stock in a transaction on Wednesday, June 28th. The shares were sold at an average price of $109.45, for a total value of $109,450.00. Following the sale, the director now directly owns 4,988 shares in the company, valued at approximately $545,936.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.60% of the company’s stock.
Thor Industries Company Profile
Thor Industries, Inc manufactures a range of recreational vehicles (RVs) in the United States and sells those vehicles primarily in the United States and Canada. The Company’s segments include towable recreational vehicles, which consists of the operations of Airstream, Inc (Airstream) (towable); Heartland Recreational Vehicles, LLC (Heartland) (including Bison Coach, LLC (Bison), Cruiser RV, LLC (CRV) and DRV, LLC (DRV)); Jayco, Corp.
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