Elkfork Partners LLC bought a new stake in Thor Industries, Inc. (NYSE:THO) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 58,436 shares of the construction company’s stock, valued at approximately $8,808,000.
Several other institutional investors and hedge funds have also modified their holdings of the company. TIAA CREF Investment Management LLC increased its holdings in shares of Thor Industries by 64.1% in the 4th quarter. TIAA CREF Investment Management LLC now owns 662,552 shares of the construction company’s stock valued at $99,860,000 after purchasing an additional 258,705 shares during the period. Teachers Advisors LLC increased its holdings in shares of Thor Industries by 27.2% in the 4th quarter. Teachers Advisors LLC now owns 124,369 shares of the construction company’s stock valued at $18,745,000 after purchasing an additional 26,608 shares during the period. HBK Investments L P increased its holdings in shares of Thor Industries by 1,286.6% in the 4th quarter. HBK Investments L P now owns 24,958 shares of the construction company’s stock valued at $3,762,000 after purchasing an additional 23,158 shares during the period. Two Sigma Securities LLC acquired a new position in shares of Thor Industries in the 4th quarter valued at about $367,000. Finally, Two Sigma Advisers LP acquired a new position in shares of Thor Industries in the 4th quarter valued at about $674,000. Institutional investors own 85.28% of the company’s stock.
A number of equities analysts have recently weighed in on the company. Argus downgraded Thor Industries from a “buy” rating to a “hold” rating in a report on Friday, December 8th. Northcoast Research downgraded Thor Industries from a “buy” rating to a “neutral” rating and set a $150.00 target price on the stock. in a report on Friday, January 26th. ValuEngine upgraded Thor Industries from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. BMO Capital Markets upped their target price on Thor Industries to $150.00 and gave the company a “market perform” rating in a report on Tuesday, November 28th. Finally, Zacks Investment Research downgraded Thor Industries from a “buy” rating to a “hold” rating in a report on Tuesday, February 6th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $129.90.
Thor Industries (NYSE:THO) last released its quarterly earnings data on Wednesday, March 7th. The construction company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.81 by $0.11. Thor Industries had a return on equity of 28.42% and a net margin of 5.38%. The firm had revenue of $1.97 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same quarter in the prior year, the company posted $1.23 earnings per share. The firm’s revenue was up 24.1% on a year-over-year basis. analysts expect that Thor Industries, Inc. will post 9.37 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, March 30th will be issued a $0.37 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.48 dividend on an annualized basis and a yield of 1.34%. Thor Industries’s dividend payout ratio is currently 17.81%.
COPYRIGHT VIOLATION WARNING: “Elkfork Partners LLC Invests $8.81 Million in Thor Industries, Inc. (THO)” was first posted by Ticker Report and is the property of of Ticker Report. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international trademark & copyright law. The legal version of this piece of content can be read at https://www.tickerreport.com/banking-finance/3295324/elkfork-partners-llc-invests-8-81-million-in-thor-industries-inc-tho.html.
About Thor Industries
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.
Want to see what other hedge funds are holding THO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Thor Industries, Inc. (NYSE:THO).
Receive News & Ratings for Thor Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thor Industries and related companies with MarketBeat.com's FREE daily email newsletter.