Thor Industries, Inc. (THO) Holdings Trimmed by Northern Trust Corp
Northern Trust Corp trimmed its position in Thor Industries, Inc. (NYSE:THO) by 6.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 406,046 shares of the construction company’s stock after selling 27,652 shares during the period. Northern Trust Corp owned approximately 0.77% of Thor Industries worth $42,441,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Huntington National Bank boosted its stake in Thor Industries by 82.0% in the second quarter. Huntington National Bank now owns 983 shares of the construction company’s stock valued at $103,000 after acquiring an additional 443 shares in the last quarter. Sterling Investment Advisors Ltd. acquired a new stake in Thor Industries in the second quarter valued at approximately $105,000. Fiduciary Trust Co. acquired a new stake in Thor Industries in the second quarter valued at approximately $133,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Thor Industries by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,735 shares of the construction company’s stock valued at $181,000 after acquiring an additional 151 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in Thor Industries by 7.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 1,746 shares of the construction company’s stock valued at $182,000 after acquiring an additional 125 shares in the last quarter. Institutional investors own 89.48% of the company’s stock.
Shares of Thor Industries, Inc. (NYSE THO) opened at 128.36 on Wednesday. The stock’s 50 day moving average is $115.13 and its 200 day moving average is $103.46. The firm has a market capitalization of $6.75 billion, a P/E ratio of 20.03 and a beta of 1.37. Thor Industries, Inc. has a 1-year low of $74.00 and a 1-year high of $129.88.
Thor Industries (NYSE:THO) last issued its earnings results on Wednesday, September 27th. The construction company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.31. Thor Industries had a net margin of 5.16% and a return on equity of 26.04%. The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter in the prior year, the business posted $1.57 EPS. The company’s revenue for the quarter was up 49.7% on a year-over-year basis. Equities analysts predict that Thor Industries, Inc. will post $8.18 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 7th. Stockholders of record on Tuesday, October 24th will be issued a $0.37 dividend. This is a boost from Thor Industries’s previous quarterly dividend of $0.33. This represents a $1.48 annualized dividend and a dividend yield of 1.15%. Thor Industries’s dividend payout ratio is presently 18.62%.
Several equities research analysts have weighed in on the stock. BMO Capital Markets restated a “market perform” rating and issued a $135.00 target price (up from $110.00) on shares of Thor Industries in a research note on Saturday, September 30th. Stifel Nicolaus restated a “hold” rating and issued a $114.00 target price (up from $110.00) on shares of Thor Industries in a research note on Saturday, September 30th. Aegis restated a “hold” rating and issued a $130.00 target price (up from $113.00) on shares of Thor Industries in a research note on Saturday, September 30th. Citigroup Inc. raised their target price on shares of Thor Industries from $118.00 to $146.00 and gave the company a “buy” rating in a research note on Monday, October 2nd. Finally, Robert W. Baird restated an “outperform” rating and issued a $120.00 target price on shares of Thor Industries in a research note on Thursday, September 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. Thor Industries has a consensus rating of “Buy” and a consensus price target of $119.74.
In other news, Chairman Peter Busch Orthwein sold 2,784 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $115.00, for a total value of $320,160.00. Following the completion of the transaction, the chairman now owns 1,396,352 shares in the company, valued at approximately $160,580,480. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 6.60% of the company’s stock.
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Thor Industries 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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