Gabelli Funds LLC Trims Stake in Thor Industries, Inc. (THO)
Gabelli Funds LLC lessened its holdings in shares of Thor Industries, Inc. (NYSE:THO) by 1.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 25,500 shares of the construction company’s stock after selling 500 shares during the quarter. Gabelli Funds LLC’s holdings in Thor Industries were worth $3,211,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also modified their holdings of the company. Huntington National Bank increased its stake in shares of Thor Industries by 82.0% during the second 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 period. Penserra Capital Management LLC purchased a new stake in shares of Thor Industries during the second quarter worth approximately $104,000. Sterling Investment Advisors Ltd. purchased a new stake in shares of Thor Industries during the second quarter worth approximately $105,000. Fiduciary Trust Co. purchased a new position in Thor Industries in the second quarter valued at approximately $133,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased 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 purchasing an additional 151 shares during the last quarter. 91.31% of the stock is currently owned by institutional investors and hedge funds.
Several equities analysts have commented on THO shares. Zacks Investment Research upgraded shares of Thor Industries from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a research note on Wednesday, August 30th. Robert W. Baird reiterated a “buy” rating and issued a $136.00 price target on shares of Thor Industries in a research note on Wednesday, November 1st. BidaskClub lowered shares of Thor Industries from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. BMO Capital Markets reiterated a “hold” rating and issued a $110.00 price target on shares of Thor Industries in a research note on Friday, September 1st. Finally, SunTrust Banks, Inc. increased their price target on shares of Thor Industries and gave the company a “buy” rating in a research note on Thursday, September 28th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $120.97.
In related news, Chairman Peter Busch Orthwein sold 2,784 shares of the stock in a transaction 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 $160,580,480. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 5.10% of the stock is owned by company insiders.
Shares of Thor Industries, Inc. (NYSE:THO) opened at $130.45 on Tuesday. The company has a quick ratio of 0.92, a current ratio of 1.51 and a debt-to-equity ratio of 0.09. Thor Industries, Inc. has a fifty-two week low of $82.91 and a fifty-two week high of $138.07. The firm has a market capitalization of $6,844.47, a P/E ratio of 18.32 and a beta of 1.42.
Thor Industries (NYSE:THO) last issued its quarterly earnings results on Wednesday, September 27th. The construction company reported $2.26 earnings per share for the quarter, topping the Thomson Reuters’ 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 the consensus estimate of $1.83 billion. During the same period last year, the company earned $1.57 earnings per share. The company’s revenue for the quarter was up 49.7% on a year-over-year basis. sell-side analysts predict that Thor Industries, Inc. will post 8.14 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 7th. Investors of record on Tuesday, October 24th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Monday, October 23rd. This is an increase from Thor Industries’s previous quarterly dividend of $0.33. This represents a $1.48 annualized dividend and a dividend yield of 1.13%. Thor Industries’s dividend payout ratio (DPR) is currently 20.87%.
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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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