Redwood Investments LLC decreased its holdings in Thor Industries, Inc. (NYSE:THO) by 23.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 63,475 shares of the construction company’s stock after selling 19,188 shares during the period. Redwood Investments LLC owned about 0.12% of Thor Industries worth $7,310,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the business. Polar Asset Management Partners Inc. bought a new stake in shares of Thor Industries in the 1st quarter worth $7,498,000. Amalgamated Bank increased its holdings in shares of Thor Industries by 6.5% in the 1st quarter. Amalgamated Bank now owns 11,050 shares of the construction company’s stock worth $1,273,000 after purchasing an additional 676 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Thor Industries by 1.8% in the 1st quarter. Principal Financial Group Inc. now owns 215,491 shares of the construction company’s stock worth $24,819,000 after purchasing an additional 3,765 shares in the last quarter. CIBC World Markets Inc. increased its holdings in shares of Thor Industries by 236.1% in the 1st quarter. CIBC World Markets Inc. now owns 9,747 shares of the construction company’s stock worth $1,123,000 after purchasing an additional 6,847 shares in the last quarter. Finally, Xact Kapitalforvaltning AB increased its holdings in shares of Thor Industries by 46.6% in the 1st quarter. Xact Kapitalforvaltning AB now owns 6,923 shares of the construction company’s stock worth $797,000 after purchasing an additional 2,200 shares in the last quarter. 88.68% of the stock is owned by institutional investors and hedge funds.
Shares of THO opened at $107.69 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.67 and a quick ratio of 0.96. Thor Industries, Inc. has a one year low of $89.89 and a one year high of $161.48. The firm has a market capitalization of $5.18 billion, a P/E ratio of 15.19 and a beta of 1.30.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 16th. Investors of record on Monday, July 2nd will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend is Friday, June 29th. Thor Industries’s payout ratio is currently 20.87%.
A number of analysts have commented on THO shares. Aegis raised Thor Industries from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a report on Thursday, March 8th. They noted that the move was a valuation call. ValuEngine lowered Thor Industries from a “hold” rating to a “sell” rating in a report on Saturday, May 12th. Northcoast Research reissued a “hold” rating on shares of Thor Industries in a report on Tuesday, February 27th. BMO Capital Markets raised Thor Industries from a “market perform” rating to an “outperform” rating and set a $102.00 target price for the company in a report on Tuesday, May 1st. Finally, Stifel Nicolaus reissued a “hold” rating and issued a $142.00 target price (up previously from $132.00) on shares of Thor Industries in a report on Thursday, March 8th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and eight have given a buy rating to the stock. Thor Industries currently has a consensus rating of “Hold” and an average target price of $123.11.
Thor Industries Company Profile
Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles, and related parts and accessories primarily in the United States and Canada. It operates through Towable Recreational Vehicles and Motorized Recreational Vehicles segments. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, and Basecamp trade names, as well as Interstate series of Class B motorhomes; gasoline and diesel Class A and Class C motorhomes under the Four Winds, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, A.C.E., Alante, Precept, Greyhawk, and Redhawk trade names; and luxury Class A motorhomes under Insignia, Aspire, Anthem, and Cornerstone trade names.
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