Piedmont Investment Advisors LLC Continues to Hold Position in Thor Industries, Inc. (THO)
Piedmont Investment Advisors LLC continued to hold its position in Thor Industries, Inc. (NYSE:THO) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 5,268 shares of the construction company’s stock at the end of the 2nd quarter. Piedmont Investment Advisors LLC’s holdings in Thor Industries were worth $551,000 as of its most recent filing with the SEC.
Other large investors have also recently added to or reduced their stakes in the company. Huntington National Bank lifted its position in Thor Industries by 82.0% in the 2nd quarter. Huntington National Bank now owns 983 shares of the construction company’s stock worth $103,000 after buying an additional 443 shares during the last quarter. Penserra Capital Management LLC bought a new stake in Thor Industries in the 2nd quarter worth approximately $104,000. Sterling Investment Advisors Ltd. bought a new stake in Thor Industries in the 2nd quarter worth approximately $105,000. Fiduciary Trust Co. bought a new stake in Thor Industries in the 2nd quarter worth approximately $133,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Thor Industries by 9.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,735 shares of the construction company’s stock worth $181,000 after buying an additional 151 shares during the last quarter. Institutional investors own 89.40% of the company’s stock.
Several analysts have weighed in on THO shares. Stifel Nicolaus reiterated a “hold” rating on shares of Thor Industries in a research report on Wednesday, August 16th. Zacks Investment Research upgraded Thor Industries from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a research report on Wednesday, August 30th. BidaskClub upgraded Thor Industries from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Aegis reiterated a “hold” rating and issued a $130.00 price objective (up previously from $113.00) on shares of Thor Industries in a research report on Saturday, September 30th. Finally, Northcoast Research reiterated a “buy” rating and issued a $145.00 price objective (up previously from $134.00) on shares of Thor Industries in a research report on Monday, September 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and ten have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $119.74.
In related news, Chairman Peter Busch Orthwein sold 2,784 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $115.00, for a total transaction of $320,160.00. Following the completion of the sale, the chairman now directly owns 1,396,352 shares of the company’s stock, valued at approximately $160,580,480. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.60% of the stock is currently owned by company insiders.
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Thor Industries, Inc. (NYSE THO) opened at 130.70 on Thursday. Thor Industries, Inc. has a 1-year low of $74.00 and a 1-year high of $131.13. The stock’s 50 day moving average price is $119.29 and its 200 day moving average price is $104.80. The stock has a market capitalization of $6.87 billion, a PE ratio of 20.40 and a beta of 1.37.
Thor Industries (NYSE:THO) last issued its quarterly earnings results on Wednesday, September 27th. The construction company reported $2.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.95 by $0.31. Thor Industries had a return on equity of 26.04% and a net margin of 5.16%. The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same period last year, the company earned $1.57 EPS. Thor Industries’s quarterly revenue was up 49.7% compared to the same quarter last year. On average, equities research analysts predict that Thor Industries, Inc. will post $8.18 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 7th. Investors of record on Tuesday, October 24th will be paid a dividend of $0.37 per share. This is a positive change from Thor Industries’s previous quarterly dividend of $0.33. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Monday, October 23rd. Thor Industries’s dividend payout ratio (DPR) is currently 18.62%.
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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