Thor Industries, Inc. (THO) Shares Sold by Stifel Financial Corp
Stifel Financial Corp reduced its holdings in Thor Industries, Inc. (NYSE:THO) by 5.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 19,992 shares of the construction company’s stock after selling 1,082 shares during the quarter. Stifel Financial Corp’s holdings in Thor Industries were worth $2,522,000 as of its most recent filing with the SEC.
Several other large investors have also modified their holdings of THO. Janus Henderson Group PLC acquired a new stake in shares of Thor Industries in the second quarter valued at about $128,458,000. Swedbank acquired a new stake in shares of Thor Industries in the third quarter valued at about $129,759,000. Capital Growth Management LP acquired a new stake in shares of Thor Industries in the second quarter valued at about $47,034,000. Chilton Investment Co. LLC acquired a new stake in shares of Thor Industries in the second quarter valued at about $37,692,000. Finally, BlackRock Inc. grew its position in shares of Thor Industries by 8.7% in the second quarter. BlackRock Inc. now owns 4,122,123 shares of the construction company’s stock valued at $430,843,000 after purchasing an additional 329,996 shares during the last quarter. 88.34% of the stock is currently owned by institutional investors.
A number of equities research analysts recently weighed in on THO shares. Zacks Investment Research raised Thor Industries from a “hold” rating to a “buy” rating and set a $122.00 target price on the stock in a research report on Wednesday, August 30th. 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. 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. Aegis started coverage on Thor Industries in a research report on Monday, September 11th. They set a “hold” rating and a $113.00 target price on the stock. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Thor Industries in a research report on Thursday, September 21st. One research analyst has rated the stock with a sell rating, five have given a hold rating and eight have given a buy rating to the company. Thor Industries presently has a consensus rating of “Buy” and an average price target of $124.33.
Thor Industries (NYSE:THO) last announced its quarterly earnings results on Monday, November 27th. The construction company reported $2.43 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.59. The firm had revenue of $2.23 billion during the quarter, compared to analysts’ expectations of $1.99 billion. Thor Industries had a net margin of 5.46% and a return on equity of 27.76%. The company’s revenue for the quarter was up 30.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.49 earnings per share. analysts anticipate that Thor Industries, Inc. will post 9.14 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 9th. Shareholders of record on Tuesday, December 26th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend is Friday, December 22nd. Thor Industries’s dividend payout ratio is 18.43%.
In other Thor Industries news, Director Alan Siegel sold 1,000 shares of the firm’s stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $153.75, for a total transaction of $153,750.00. Following the completion of the transaction, the director now owns 4,988 shares in the company, valued at $766,905. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.10% of the stock is owned by company insiders.
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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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