United Services Automobile Association boosted its stake in shares of Thor Industries, Inc. (NYSE:THO) by 14.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,328 shares of the construction company’s stock after acquiring an additional 2,891 shares during the quarter. United Services Automobile Association’s holdings in Thor Industries were worth $2,272,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. WESCAP Management Group Inc. increased its position in Thor Industries by 3.1% in the second quarter. WESCAP Management Group Inc. now owns 18,808 shares of the construction company’s stock worth $1,831,000 after purchasing an additional 565 shares during the period. Cim LLC increased its position in Thor Industries by 19.2% in the second quarter. Cim LLC now owns 3,717 shares of the construction company’s stock worth $362,000 after purchasing an additional 598 shares during the period. Amalgamated Bank increased its position in Thor Industries by 6.5% in the first quarter. Amalgamated Bank now owns 11,050 shares of the construction company’s stock worth $1,273,000 after purchasing an additional 676 shares during the period. Benjamin F. Edwards & Company Inc. increased its position in Thor Industries by 28.9% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 3,340 shares of the construction company’s stock worth $325,000 after purchasing an additional 749 shares during the period. Finally, Investec Asset Management LTD increased its position in Thor Industries by 2.0% in the second quarter. Investec Asset Management LTD now owns 39,174 shares of the construction company’s stock worth $3,815,000 after purchasing an additional 781 shares during the period. Hedge funds and other institutional investors own 89.11% of the company’s stock.
NYSE THO traded down $0.32 during trading on Friday, hitting $69.92. The stock had a trading volume of 780,958 shares, compared to its average volume of 1,092,684. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 8.22 and a beta of 1.42. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.01 and a current ratio of 1.71. Thor Industries, Inc. has a 12 month low of $63.48 and a 12 month high of $161.48.
Thor Industries (NYSE:THO) last released its earnings results on Thursday, September 20th. The construction company reported $1.67 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.03 by ($0.36). The firm had revenue of $1.87 billion during the quarter, compared to the consensus estimate of $1.85 billion. Thor Industries had a net margin of 5.16% and a return on equity of 24.97%. The company’s revenue was down 3.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.26 EPS. On average, equities research analysts forecast that Thor Industries, Inc. will post 8.14 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, November 9th. Shareholders of record on Thursday, October 25th were given a dividend of $0.39 per share. This is a positive change from Thor Industries’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Wednesday, October 24th. This represents a $1.56 annualized dividend and a dividend yield of 2.23%. Thor Industries’s payout ratio is 18.25%.
THO has been the topic of a number of recent analyst reports. Zacks Investment Research cut Thor Industries from a “hold” rating to a “sell” rating in a report on Friday, August 31st. Northcoast Research restated a “buy” rating on shares of Thor Industries in a report on Friday, August 17th. ValuEngine upgraded Thor Industries from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 19th. Sidoti reduced their target price on Thor Industries from $148.00 to $144.00 and set a “buy” rating on the stock in a report on Friday, August 10th. Finally, Robert W. Baird restated a “buy” rating and set a $95.00 target price on shares of Thor Industries in a report on Monday, October 29th. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $118.57.
In other Thor Industries news, Director James L. Ziemer bought 5,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 9th. The shares were acquired at an average cost of $81.74 per share, with a total value of $408,700.00. Following the acquisition, the director now owns 14,000 shares of the company’s stock, valued at $1,144,360. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.20% of the stock is owned by insiders.
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Thor Industries 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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