Retirement Systems of Alabama boosted its position in Thor Industries Inc. (NYSE:THO) by 0.0% during the second quarter, Holdings Channel reports. The fund owned 58,900 shares of the company’s stock after buying an additional 22 shares during the period. Retirement Systems of Alabama’s holdings in Thor Industries were worth $3,813,000 at the end of the most recent reporting period.
Several other hedge funds have also recently modified their holdings of the company. Genesee Valley Trust Co. boosted its stake in shares of 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 during the last quarter. Cim LLC boosted its position in Thor Industries by 0.7% in the second quarter. Cim LLC now owns 7,540 shares of the company’s stock valued at $488,000 after buying an additional 50 shares during the last quarter. Riverhead Capital Management LLC boosted its position in Thor Industries by 0.8% in the first quarter. Riverhead Capital Management LLC now owns 8,970 shares of the company’s stock valued at $572,000 after buying an additional 70 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position 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 valued at $2,664,000 after buying an additional 229 shares during the last quarter. Finally, IBM Retirement Fund boosted its position in Thor Industries by 4.9% in the second quarter. IBM Retirement Fund now owns 4,861 shares of the company’s stock valued at $315,000 after buying an additional 229 shares during the last quarter. Institutional investors and hedge funds own 85.68% of the company’s stock.
Thor Industries Inc. (NYSE:THO) traded down 0.64% during midday trading on Monday, hitting $82.27. 545,282 shares of the stock traded hands. The firm’s 50 day moving average is $82.34 and its 200-day moving average is $71.89. Thor Industries Inc. has a 12-month low of $47.56 and a 12-month high of $87.08. The stock has a market capitalization of $4.32 billion, a PE ratio of 16.86 and a beta of 1.26.
Thor Industries (NYSE:THO) last released its earnings results on Monday, September 26th. The company reported $1.57 earnings per share 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 period in the prior year, the business posted $1.31 earnings per share. Thor Industries’s quarterly revenue was up 22.2% compared to the same quarter last year. On average, analysts anticipate that Thor Industries Inc. will post $5.89 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, November 7th. Investors of record on Monday, October 24th will be paid a $0.33 dividend. The ex-dividend date is Thursday, October 20th. This is a boost from Thor Industries’s previous quarterly dividend of $0.30. This represents a $1.32 annualized dividend and a dividend yield of 1.60%. Thor Industries’s dividend payout ratio (DPR) is currently 24.64%.
Several equities analysts recently commented on the stock. Wellington Shields upgraded shares of Thor Industries from a “hold” rating to a “gradually accumulate” rating in a research note on Monday, June 27th. Argus reiterated a “buy” rating and set a $92.00 target price on shares of Thor Industries in a research note on Sunday, October 9th. SunTrust Banks Inc. upgraded shares of Thor Industries from a “neutral” rating to a “buy” rating and upped their target price for the company from $65.00 to $90.00 in a research note on Friday, July 29th. BMO Capital Markets reiterated a “hold” rating on shares of Thor Industries in a research note on Wednesday, September 28th. Finally, Zacks Investment Research upgraded shares of Thor Industries from a “hold” rating to a “buy” rating and set a $96.00 target price for the company in a research note on Thursday, October 6th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $80.63.
In other Thor Industries news, Chairman Peter Busch Orthwein sold 4,672 shares of Thor Industries stock in a transaction 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 of the company’s stock, valued at $119,987,593.88. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 8.80% of the stock is currently owned by corporate 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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