Schwab Charles Investment Management Inc. boosted its position in shares of Thor Industries, Inc. (NYSE:THO) by 6.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 279,389 shares of the construction company’s stock after purchasing an additional 18,099 shares during the quarter. Schwab Charles Investment Management Inc. owned 0.53% of Thor Industries worth $27,210,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of THO. WESCAP Management Group Inc. boosted its holdings in shares of Thor Industries by 3.1% in the second quarter. WESCAP Management Group Inc. now owns 18,808 shares of the construction company’s stock valued at $1,831,000 after buying an additional 565 shares during the period. Cim LLC boosted its holdings in shares of Thor Industries by 19.2% in the second quarter. Cim LLC now owns 3,717 shares of the construction company’s stock valued at $362,000 after buying an additional 598 shares during the period. Amalgamated Bank boosted its holdings in shares of Thor Industries by 6.5% in the first quarter. Amalgamated Bank now owns 11,050 shares of the construction company’s stock valued at $1,273,000 after buying an additional 676 shares during the period. Atria Investments LLC boosted its holdings in shares of Thor Industries by 20.8% in the first quarter. Atria Investments LLC now owns 3,976 shares of the construction company’s stock valued at $458,000 after buying an additional 684 shares during the period. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in shares of 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 valued at $325,000 after buying an additional 749 shares during the period. Hedge funds and other institutional investors own 87.98% of the company’s stock.
Shares of THO stock opened at $97.03 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.96 and a current ratio of 1.67. The firm has a market capitalization of $5.03 billion, a PE ratio of 13.69 and a beta of 1.29. Thor Industries, Inc. has a 12 month low of $87.62 and a 12 month high of $161.48.
Thor Industries (NYSE:THO) last announced its quarterly earnings data on Wednesday, June 6th. The construction company reported $2.53 EPS for the quarter, missing the Zacks’ consensus estimate of $2.65 by ($0.12). The business had revenue of $2.25 billion during the quarter, compared to the consensus estimate of $2.21 billion. Thor Industries had a return on equity of 28.10% and a net margin of 5.50%. analysts anticipate that Thor Industries, Inc. will post 8.61 earnings per share for the current fiscal year.
Thor Industries announced that its Board of Directors has approved a share buyback program on Wednesday, June 20th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the construction company to reacquire up to 4.8% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.
Several research analysts have recently weighed in on the stock. Zacks Investment Research cut shares of Thor Industries from a “hold” rating to a “sell” rating in a report on Wednesday, May 9th. ValuEngine cut shares of Thor Industries from a “sell” rating to a “strong sell” rating in a report on Monday, July 2nd. Stifel Nicolaus reiterated a “hold” rating and issued a $124.00 price target on shares of Thor Industries in a report on Monday, June 4th. Sidoti reduced their price target on shares of Thor Industries from $148.00 to $144.00 and set a “buy” rating for the company in a report on Friday, August 10th. Finally, Northcoast Research reiterated a “buy” rating on shares of Thor Industries in a report on Friday, August 17th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the stock. Thor Industries presently has a consensus rating of “Buy” and an average price target of $128.50.
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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