First Citizens Bank & Trust Co. increased its position in Thor Industries Inc. (NYSE:THO) by 12.2% during the second quarter, Holdings Channel reports. The fund owned 7,378 shares of the company’s stock after buying an additional 801 shares during the period. First Citizens Bank & Trust Co.’s holdings in Thor Industries were worth $478,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the stock. Genesee Valley Trust Co. boosted its stake in Thor Industries by 0.4% in the second quarter. Genesee Valley Trust Co. now owns 4,142 shares of the company’s stock worth $268,000 after buying an additional 15 shares in the last quarter. Cim LLC boosted its stake in Thor Industries by 0.7% in the second quarter. Cim LLC now owns 7,540 shares of the company’s stock worth $488,000 after buying an additional 50 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in Thor Industries by 0.8% in the first quarter. Riverhead Capital Management LLC now owns 8,970 shares of the company’s stock worth $572,000 after buying an additional 70 shares in the last quarter. UBS Asset Management Americas Inc. boosted its stake in Thor Industries by 0.6% in the first quarter. UBS Asset Management Americas Inc. now owns 41,776 shares of the company’s stock worth $2,664,000 after buying an additional 229 shares in the last quarter. Finally, IBM Retirement Fund boosted its stake in Thor Industries by 4.9% in the second quarter. IBM Retirement Fund now owns 4,861 shares of the company’s stock worth $315,000 after buying an additional 229 shares in the last quarter. 85.70% of the stock is owned by hedge funds and other institutional investors.
Thor Industries Inc. (NYSE:THO) traded down 0.55% on Friday, hitting $82.80. The stock had a trading volume of 389,514 shares. Thor Industries Inc. has a 12-month low of $47.56 and a 12-month high of $87.08. The company has a 50 day moving average of $82.28 and a 200 day moving average of $71.64. The company has a market capitalization of $4.35 billion, a PE ratio of 16.96 and a beta of 1.26.
Thor Industries (NYSE:THO) last announced its quarterly earnings data on Monday, September 26th. The company reported $1.57 EPS for the quarter, beating 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 business earned $1.29 billion during the quarter. During the same quarter in the prior year, the firm earned $1.31 earnings per share. The firm’s revenue for the quarter was up 22.2% on a year-over-year basis. On average, equities analysts expect that Thor Industries Inc. will post $5.89 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, November 7th. Shareholders of record on Monday, October 24th will be given a dividend of $0.33 per share. This is an increase from Thor Industries’s previous quarterly dividend of $0.30. This represents a $1.32 annualized dividend and a yield of 1.59%. The ex-dividend date is Thursday, October 20th. Thor Industries’s payout ratio is currently 24.64%.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research cut Thor Industries from a “buy” rating to a “hold” rating in a report on Wednesday, September 21st. Wellington Shields upgraded Thor Industries from a “hold” rating to a “gradually accumulate” rating in a research report on Monday, June 27th. Wunderlich lowered Thor Industries from a “buy” rating to a “hold” rating and set a $80.00 price objective on the stock. in a research report on Friday, August 19th. Argus reiterated a “buy” rating and issued a $92.00 price objective on shares of Thor Industries in a research report on Sunday, October 9th. Finally, BMO Capital Markets reiterated a “hold” rating on shares of Thor Industries in a research report on Wednesday, September 28th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $80.63.
In other Thor Industries news, Chairman Peter Busch Orthwein sold 4,672 shares of the business’s stock in a transaction that occurred on Thursday, September 29th. The shares were sold at an average price of $85.69, for a total transaction of $400,343.68. Following the completion of the transaction, the chairman now directly owns 1,400,252 shares in the company, valued at $119,987,593.88. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 8.80% of the company’s stock.
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.