Thor Industries, Inc. (THO) Shares Bought by Stone Ridge Asset Management LLC
Stone Ridge Asset Management LLC increased its stake in shares of Thor Industries, Inc. (NYSE:THO) by 20.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 28,349 shares of the construction company’s stock after purchasing an additional 4,761 shares during the quarter. Stone Ridge Asset Management LLC’s holdings in Thor Industries were worth $2,373,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the stock. WESCAP Management Group Inc. raised its stake in Thor Industries by 3.1% during the 2nd quarter. WESCAP Management Group Inc. now owns 18,808 shares of the construction company’s stock worth $1,831,000 after acquiring an additional 565 shares in the last quarter. Aperio Group LLC raised its stake in Thor Industries by 3.0% during the 3rd quarter. Aperio Group LLC now owns 23,206 shares of the construction company’s stock worth $1,942,000 after acquiring an additional 667 shares in the last quarter. State Board of Administration of Florida Retirement System raised its stake in Thor Industries by 1.2% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 62,074 shares of the construction company’s stock worth $5,196,000 after acquiring an additional 728 shares in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in Thor Industries by 28.9% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,340 shares of the construction company’s stock worth $325,000 after acquiring an additional 749 shares in the last quarter. Finally, Investec Asset Management LTD raised its stake in Thor Industries by 2.0% during the 2nd quarter. Investec Asset Management LTD now owns 39,174 shares of the construction company’s stock worth $3,815,000 after acquiring an additional 781 shares in the last quarter. Hedge funds and other institutional investors own 91.47% of the company’s stock.
Several research analysts have issued reports on THO shares. ValuEngine raised shares of Thor Industries from a “strong sell” rating to a “sell” rating in a research report on Thursday, July 19th. BMO Capital Markets reissued a “buy” rating on shares of Thor Industries in a research report on Wednesday, November 7th. Citigroup lowered their price objective on shares of Thor Industries from $130.00 to $102.00 and set a “buy” rating on the stock in a research report on Thursday, October 4th. Robert W. Baird reissued a “buy” rating and set a $95.00 price objective on shares of Thor Industries in a research report on Monday, October 29th. Finally, Zacks Investment Research raised shares of Thor Industries from a “sell” rating to a “hold” rating in a research report on Friday, August 17th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $118.57.
Thor Industries (NYSE:THO) last issued its quarterly earnings data on Thursday, September 20th. The construction company reported $1.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.03 by ($0.36). Thor Industries had a return on equity of 24.97% and a net margin of 5.16%. The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same period in the previous year, the business posted $2.26 earnings per share. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. On average, research analysts forecast that Thor Industries, Inc. will post 8.14 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, November 9th. Stockholders of record on Thursday, October 25th were issued a $0.39 dividend. This is an increase from Thor Industries’s previous quarterly dividend of $0.37. The ex-dividend date was Wednesday, October 24th. This represents a $1.56 annualized dividend and a dividend yield of 2.26%. Thor Industries’s payout ratio is presently 18.25%.
In other news, Director James L. Ziemer bought 5,000 shares of the stock in a transaction dated Tuesday, October 9th. The shares were acquired at an average price of $81.74 per share, with a total value of $408,700.00. Following the completion of the acquisition, the director now directly owns 14,000 shares in the company, valued at $1,144,360. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.20% of the stock is owned by insiders.
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Thor Industries Company Profile
Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories primarily in the United States and Canada. It operates in two segments, Towable Recreational Vehicles and Motorized Recreational Vehicles. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, Basecamp, and Nest travel trade names, as well as Interstate series of Class B motorhomes; and gasoline and diesel Class A and Class C motorhomes under the Four Winds, Freedom Elite, Majestic, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, and A.C.E trade names.
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