Aperio Group LLC boosted its position in Thor Industries Inc. (NYSE:THO) by 0.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 95,020 shares of the company’s stock after buying an additional 594 shares during the period. Aperio Group LLC owned approximately 0.18% of Thor Industries worth $8,048,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. raised its position in shares of Thor Industries by 4.4% in the second quarter. Vanguard Group Inc. now owns 3,342,615 shares of the company’s stock worth $216,401,000 after buying an additional 141,893 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Thor Industries by 323.1% in the third quarter. Wells Fargo & Company MN now owns 2,040,377 shares of the company’s stock worth $172,820,000 after buying an additional 1,558,181 shares during the last quarter. BlackRock Fund Advisors raised its position in shares of Thor Industries by 6.4% in the second quarter. BlackRock Fund Advisors now owns 1,632,860 shares of the company’s stock worth $105,711,000 after buying an additional 97,767 shares during the last quarter. Janus Capital Management LLC raised its position in shares of Thor Industries by 8.8% in the second quarter. Janus Capital Management LLC now owns 1,538,085 shares of the company’s stock worth $99,575,000 after buying an additional 124,638 shares during the last quarter. Finally, State Street Corp raised its position in shares of Thor Industries by 1.1% in the second quarter. State Street Corp now owns 1,281,146 shares of the company’s stock worth $82,944,000 after buying an additional 14,383 shares during the last quarter. 86.02% of the stock is currently owned by institutional investors and hedge funds.
Thor Industries Inc. (NYSE:THO) traded up 1.14% during midday trading on Thursday, hitting $89.58. 638,656 shares of the stock traded hands. The company has a market cap of $4.70 billion, a price-to-earnings ratio of 18.35 and a beta of 1.21. Thor Industries Inc. has a 52-week low of $47.56 and a 52-week high of $89.68. The firm’s 50-day moving average is $82.14 and its 200-day moving average is $75.39.
Thor Industries (NYSE:THO) last released its earnings results on Monday, September 26th. The company reported $1.57 EPS for the quarter, topping the consensus estimate of $1.33 by $0.24. Thor Industries had a net margin of 5.60% and a return on equity of 22.50%. The firm had revenue of $1.29 billion for the quarter. During the same period last year, the firm posted $1.31 EPS. Thor Industries’s quarterly revenue was up 22.2% compared to the same quarter last year. Analysts predict that Thor Industries Inc. will post $5.88 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, November 7th. Stockholders of record on Monday, October 24th were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.47%. The ex-dividend date was Thursday, October 20th. This is an increase from Thor Industries’s previous quarterly dividend of $0.30. Thor Industries’s payout ratio is 27.10%.
A number of equities analysts have recently commented on the stock. Vetr raised shares of Thor Industries from a “buy” rating to a “strong-buy” rating and set a $93.65 price target on the stock in a report on Thursday, October 20th. Argus reaffirmed a “buy” rating and set a $92.00 target price on shares of Thor Industries in a report on Sunday, October 9th. SunTrust Banks Inc. raised shares of Thor Industries from a “neutral” rating to a “buy” rating and increased their target price for the company from $65.00 to $90.00 in a report on Friday, July 29th. BMO Capital Markets reaffirmed a “hold” rating on shares of Thor Industries in a report on Wednesday, September 28th. Finally, Zacks Investment Research raised shares of Thor Industries from a “hold” rating to a “buy” rating and set a $96.00 target price on the stock in a report on Thursday, October 6th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $82.30.
In other news, Chairman Peter Busch Orthwein sold 4,672 shares of the business’s stock in a transaction on Thursday, September 29th. The shares were sold at an average price of $85.69, for a total value of $400,343.68. Following the transaction, the chairman now owns 1,400,252 shares of the company’s stock, valued at $119,987,593.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 6.60% of the stock is currently owned by insiders.
About Thor Industries
Thor Industries, Inc (Thor), manufactures and sells various recreational vehicles (RV) throughout the United States and Canada, as well as related parts and accessories. The principal types of The Company’s towable recreational vehicles that the Company produces include conventional travel trailers and fifth wheels.
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