Prudential Financial Inc. lifted its stake in Thor Industries, Inc. (NYSE:THO) by 2.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 572,998 shares of the construction company’s stock after acquiring an additional 15,290 shares during the period. Prudential Financial Inc. owned approximately 1.09% of Thor Industries worth $72,146,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in THO. Fiduciary Trust Co. acquired a new stake in shares of Thor Industries in the second quarter worth $133,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Thor Industries by 9.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,735 shares of the construction company’s stock worth $181,000 after acquiring an additional 151 shares during the last quarter. Bruderman Asset Management LLC acquired a new stake in shares of Thor Industries in the second quarter worth $187,000. Sigma Planning Corp acquired a new stake in shares of Thor Industries in the third quarter worth $202,000. Finally, Guardian Capital LP acquired a new stake in shares of Thor Industries in the third quarter worth $204,000. Institutional investors and hedge funds own 88.34% of the company’s stock.
In other news, Director Alan Siegel sold 1,000 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $153.75, for a total value of $153,750.00. Following the sale, the director now owns 4,988 shares in the company, valued at approximately $766,905. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.60% of the stock is currently owned by insiders.
Thor Industries (NYSE:THO) last issued its earnings results on Monday, November 27th. The construction company reported $2.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.59. Thor Industries had a net margin of 5.46% and a return on equity of 27.76%. The company had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the previous year, the company earned $1.49 EPS. The firm’s revenue for the quarter was up 30.6% compared to the same quarter last year. equities analysts forecast that Thor Industries, Inc. will post 9.1 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 9th. Stockholders of record on Tuesday, December 26th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, December 22nd. This represents a $1.48 annualized dividend and a dividend yield of 0.95%. Thor Industries’s dividend payout ratio is presently 18.43%.
A number of research firms have weighed in on THO. ValuEngine upgraded shares of Thor Industries from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Argus downgraded shares of Thor Industries from a “buy” rating to a “hold” rating in a research note on Friday, December 8th. BMO Capital Markets lifted their price target on shares of Thor Industries to $150.00 and gave the stock a “market perform” rating in a research note on Tuesday, November 28th. Robert W. Baird reiterated a “buy” rating and set a $136.00 price target on shares of Thor Industries in a research note on Wednesday, November 1st. Finally, Citigroup lifted their price target on shares of Thor Industries from $118.00 to $146.00 and gave the stock a “buy” rating in a research note on Monday, October 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $124.33.
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Thor Industries Profile
Thor Industries, Inc manufactures a range of recreational vehicles (RVs) in the United States and sells those vehicles primarily in the United States and Canada. The Company’s segments include towable recreational vehicles, which consists of the operations of Airstream, Inc (Airstream) (towable); Heartland Recreational Vehicles, LLC (Heartland) (including Bison Coach, LLC (Bison), Cruiser RV, LLC (CRV) and DRV, LLC (DRV)); Jayco, Corp.
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