Thor Industries, Inc. (THO) Shares Bought by Sit Investment Associates Inc.
Sit Investment Associates Inc. increased its holdings in shares of Thor Industries, Inc. (NYSE:THO) by 26.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 37,600 shares of the construction company’s stock after purchasing an additional 7,975 shares during the quarter. Sit Investment Associates Inc. owned 0.07% of Thor Industries worth $4,734,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of THO. Huntington National Bank increased its position in Thor Industries by 82.0% during the 2nd quarter. Huntington National Bank now owns 983 shares of the construction company’s stock worth $103,000 after purchasing an additional 443 shares in the last quarter. Penserra Capital Management LLC acquired a new stake in Thor Industries during the 2nd quarter worth approximately $104,000. Sterling Investment Advisors Ltd. acquired a new stake in Thor Industries during the 2nd quarter worth approximately $105,000. Fiduciary Trust Co. acquired a new stake in Thor Industries during the 2nd quarter worth approximately $133,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Thor Industries by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,735 shares of the construction company’s stock worth $181,000 after purchasing an additional 151 shares in the last quarter. 89.40% of the stock is owned by hedge funds and other institutional investors.
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 value of $320,160.00. Following the transaction, 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 6.60% of the stock is currently owned by company insiders.
Thor Industries, Inc. (NYSE THO) opened at 132.10 on Monday. The stock has a market cap of $6.95 billion, a PE ratio of 18.63 and a beta of 1.37. Thor Industries, Inc. has a 12-month low of $74.00 and a 12-month high of $133.29. The firm has a 50-day moving average price of $120.58 and a 200-day moving average price of $105.25.
Thor Industries (NYSE:THO) last issued its quarterly earnings data on Wednesday, September 27th. The construction company reported $2.26 earnings per share for the quarter, beating 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 business had revenue of $1.93 billion for the quarter, compared to the consensus estimate of $1.83 billion. During the same period last year, the business earned $1.57 EPS. The firm’s revenue was up 49.7% compared to the same quarter last year. Analysts forecast that Thor Industries, Inc. will post $8.18 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 7th. Investors of record on Tuesday, October 24th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.12%. This is an increase from Thor Industries’s previous quarterly dividend of $0.33. The ex-dividend date is Monday, October 23rd. Thor Industries’s dividend payout ratio (DPR) is presently 18.62%.
A number of research firms recently issued reports on THO. Canaccord Genuity reissued a “buy” rating on shares of Thor Industries in a research report on Friday, September 22nd. Stifel Nicolaus reissued a “hold” rating on shares of Thor Industries in a research report on Thursday, September 21st. BMO Capital Markets reissued a “hold” rating and set a $110.00 target price on shares of Thor Industries in a research report on Friday, September 1st. Zacks Investment Research downgraded shares of Thor Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Finally, Robert W. Baird reissued a “buy” rating and set a $120.00 target price on shares of Thor Industries in a research report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $119.74.
About Thor Industries
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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