Thor Industries, Inc. $THO Stock: ProShare Advisors LLC Grows Position

ProShare Advisors LLC raised its position in shares of Thor Industries, Inc. (NYSE:THO) by 6.9% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 350,716 shares of the RV manufacturer’s stock after purchasing an additional 22,589 shares during the period. ProShare Advisors LLC owned about 0.68% of Thor Industries worth $24,234,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Allworth Financial LP purchased a new position in shares of Thor Industries during the second quarter valued at $26,000. Northwestern Mutual Wealth Management Co. purchased a new stake in Thor Industries in the second quarter worth about $52,000. Versant Capital Management Inc lifted its stake in Thor Industries by 865.7% in the third quarter. Versant Capital Management Inc now owns 985 shares of the RV manufacturer’s stock worth $68,000 after acquiring an additional 883 shares during the period. Signaturefd LLC lifted its stake in Thor Industries by 37.4% in the third quarter. Signaturefd LLC now owns 1,048 shares of the RV manufacturer’s stock worth $72,000 after acquiring an additional 285 shares during the period. Finally, Koshinski Asset Management Inc. grew its holdings in Thor Industries by 32.2% during the 1st quarter. Koshinski Asset Management Inc. now owns 2,592 shares of the RV manufacturer’s stock worth $207,000 after acquiring an additional 631 shares in the last quarter. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

Thor Industries Price Performance

THO opened at $79.25 on Tuesday. The business’s 50-day moving average is $71.22 and its two-hundred day moving average is $81.91. Thor Industries, Inc. has a 1 year low of $62.83 and a 1 year high of $122.83. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.77 and a quick ratio of 0.85. The firm has a market capitalization of $4.09 billion, a PE ratio of 23.38, a price-to-earnings-growth ratio of 0.97 and a beta of 1.43.

Thor Industries (NYSE:THO) last released its quarterly earnings results on Tuesday, September 22nd. The RV manufacturer reported $0.78 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.10). Thor Industries had a net margin of 1.85% and a return on equity of 3.76%. The firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.17 billion. During the same period in the previous year, the company posted $2.36 earnings per share. The business’s quarterly revenue was down 8.4% compared to the same quarter last year. Research analysts anticipate that Thor Industries, Inc. will post 4.09 earnings per share for the current fiscal year.

Thor Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Tuesday, October 27th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Tuesday, October 27th. This is a positive change from Thor Industries’s previous quarterly dividend of $0.52. This represents a $2.16 dividend on an annualized basis and a yield of 2.7%. Thor Industries’s dividend payout ratio is currently 63.72%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Bank of America cut their target price on shares of Thor Industries from $96.00 to $86.00 and set a “buy” rating on the stock in a research report on Monday, September 21st. Weiss Ratings cut shares of Thor Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, September 28th. Roth Capital reaffirmed a “neutral” rating and issued a $74.00 price target on shares of Thor Industries in a research report on Wednesday, September 23rd. BMO Capital Markets dropped their price objective on shares of Thor Industries from $110.00 to $95.00 and set an “outperform” rating on the stock in a research note on Tuesday, September 15th. Finally, Robert W. Baird cut their price objective on shares of Thor Industries from $90.00 to $80.00 and set a “neutral” rating on the stock in a report on Wednesday, September 23rd. Three analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $85.00.

Thor Industries Profile

Thor Industries, Inc is a manufacturer of recreational vehicles (RVs) and related products. The company produces towable RVs, including travel trailers and fifth-wheel trailers, as well as motorized RVs such as Class A, Class B and Class C motorhomes. Its products are marketed to consumers seeking options for travel, camping and outdoor recreation.

Thor’s portfolio includes a broad range of brands, including Airstream, Jayco, Keystone RV, Entegra Coach, Tiffin and Dutchmen in North America.