Horan Capital Management boosted its stake in shares of Thor Industries, Inc. (NYSE:THO) by 46.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 76,645 shares of the construction company’s stock after acquiring an additional 24,379 shares during the period. Thor Industries comprises about 0.9% of Horan Capital Management’s holdings, making the stock its 27th biggest holding. Horan Capital Management’s holdings in Thor Industries were worth $4,780,000 as of its most recent filing with the SEC.
A number of other large investors also recently bought and sold shares of THO. Panagora Asset Management Inc. grew its holdings in shares of Thor Industries by 308.2% in the third quarter. Panagora Asset Management Inc. now owns 13,413 shares of the construction company’s stock valued at $1,123,000 after purchasing an additional 10,127 shares during the period. Dimensional Fund Advisors LP boosted its stake in Thor Industries by 16.2% during the third quarter. Dimensional Fund Advisors LP now owns 776,363 shares of the construction company’s stock worth $64,986,000 after buying an additional 108,422 shares during the period. The Manufacturers Life Insurance Company boosted its stake in Thor Industries by 5.6% during the third quarter. The Manufacturers Life Insurance Company now owns 82,988 shares of the construction company’s stock worth $6,946,000 after buying an additional 4,431 shares during the period. Envestnet Asset Management Inc. boosted its stake in Thor Industries by 188.8% during the third quarter. Envestnet Asset Management Inc. now owns 120,262 shares of the construction company’s stock worth $10,066,000 after buying an additional 78,618 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in Thor Industries by 28.5% during the third quarter. Pacer Advisors Inc. now owns 21,335 shares of the construction company’s stock worth $1,786,000 after buying an additional 4,733 shares during the period. Institutional investors own 85.54% of the company’s stock.
Shares of NYSE THO traded down $1.31 during midday trading on Monday, hitting $68.60. The company’s stock had a trading volume of 967,812 shares, compared to its average volume of 895,193. Thor Industries, Inc. has a 1 year low of $47.71 and a 1 year high of $111.39. The firm has a market cap of $3.85 billion, a price-to-earnings ratio of 8.05, a PEG ratio of 0.80 and a beta of 1.70.
Thor Industries (NYSE:THO) last posted its quarterly earnings data on Wednesday, March 6th. The construction company reported $0.65 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by ($0.23). Thor Industries had a net margin of 3.21% and a return on equity of 17.27%. The business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the previous year, the business posted $1.51 EPS. The company’s revenue for the quarter was down 34.5% compared to the same quarter last year. As a group, analysts forecast that Thor Industries, Inc. will post 5.97 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 18th. Stockholders of record on Thursday, April 4th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 2.27%. The ex-dividend date of this dividend is Wednesday, April 3rd. Thor Industries’s payout ratio is 18.25%.
Several brokerages have weighed in on THO. ValuEngine lowered shares of Thor Industries from a “sell” rating to a “strong sell” rating in a research note on Thursday, February 28th. Zacks Investment Research lowered shares of Thor Industries from a “hold” rating to a “sell” rating in a research note on Tuesday, March 12th. SunTrust Banks raised their price objective on shares of Thor Industries to $85.00 and gave the company a “buy” rating in a research note on Tuesday, February 12th. BMO Capital Markets lowered shares of Thor Industries from an “outperform” rating to a “market perform” rating and set a $63.00 price objective for the company. in a research note on Monday, February 4th. Finally, Bank of America began coverage on shares of Thor Industries in a research note on Tuesday, March 26th. They issued an “underperform” rating and a $62.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. Thor Industries has an average rating of “Hold” and a consensus target price of $90.44.
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About Thor Industries
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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