Johnson Investment Counsel Inc. cut its stake in Thor Industries Inc. (NYSE:THO) by 23.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,200 shares of the company’s stock after selling 2,500 shares during the period. Johnson Investment Counsel Inc.’s holdings in Thor Industries were worth $694,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the company. Advantus Capital Management Inc increased its stake in Thor Industries by 5.1% in the third quarter. Advantus Capital Management Inc now owns 5,813 shares of the company’s stock valued at $492,000 after buying an additional 283 shares during the period. HighVista Strategies LLC acquired a new position in Thor Industries during the third quarter valued at $1,330,000. United Services Automobile Association boosted its position in Thor Industries by 3.5% in the third quarter. United Services Automobile Association now owns 10,080 shares of the company’s stock valued at $854,000 after buying an additional 340 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Thor Industries by 18.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,244 shares of the company’s stock valued at $105,000 after buying an additional 196 shares in the last quarter. Finally, Rainier Investment Management LLC acquired a new position in Thor Industries during the third quarter valued at $11,623,000. 87.23% of the stock is currently owned by institutional investors and hedge funds.
Shares of Thor Industries Inc. (NYSE:THO) traded down 0.74% during mid-day trading on Thursday, reaching $100.79. The company’s stock had a trading volume of 274,955 shares. Thor Industries Inc. has a 12-month low of $47.56 and a 12-month high of $108.45. The firm has a market cap of $5.30 billion, a P/E ratio of 18.64 and a beta of 1.28. The firm’s 50-day moving average price is $102.81 and its 200 day moving average price is $85.45.
Thor Industries (NYSE:THO) last announced its earnings results on Monday, November 28th. The company reported $1.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.23 by $0.26. The business had revenue of $1.71 billion for the quarter. Thor Industries had a return on equity of 23.74% and a net margin of 5.41%. The firm’s revenue was up 65.8% compared to the same quarter last year. During the same period last year, the business posted $0.97 EPS. On average, analysts expect that Thor Industries Inc. will post $6.39 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, January 6th. Shareholders of record on Friday, December 23rd were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Wednesday, December 21st. This represents a $1.32 annualized dividend and a yield of 1.31%. Thor Industries’s dividend payout ratio (DPR) is presently 24.44%.
Several research analysts have recently weighed in on THO shares. Zacks Investment Research cut Thor Industries from a “buy” rating to a “hold” rating in a research note on Wednesday, September 21st. Great Lakes Dredge & Dock Corp. upgraded Thor Industries to a “buy” rating in a research note on Wednesday, September 28th. Wellington Shields upgraded Thor Industries from a “gradually accumulate” rating to a “buy” rating in a research note on Wednesday, September 28th. BMO Capital Markets restated a “hold” rating on shares of Thor Industries in a research note on Wednesday, September 28th. Finally, Argus restated a “buy” rating and issued a $92.00 price target on shares of Thor Industries in a research note on Sunday, October 9th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $91.71.
In other news, Director Alan Siegel sold 2,236 shares of the firm’s stock in a transaction on Thursday, December 1st. The stock was sold at an average price of $100.41, for a total value of $224,516.76. Following the completion of the sale, the director now owns 6,988 shares of the company’s stock, valued at approximately $701,665.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.60% of the stock is currently owned by company insiders.
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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