West Coast Financial LLC Has $4.98 Million Position in Thor Industries, Inc. (THO)

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West Coast Financial LLC raised its position in Thor Industries, Inc. (NYSE:THO) by 152.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 59,481 shares of the construction company’s stock after buying an additional 35,910 shares during the period. West Coast Financial LLC owned 0.11% of Thor Industries worth $4,979,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of THO. Asset Management One Co. Ltd. purchased a new stake in Thor Industries in the 1st quarter valued at about $146,000. Baird Financial Group Inc. increased its stake in Thor Industries by 171.4% in the 1st quarter. Baird Financial Group Inc. now owns 7,428 shares of the construction company’s stock valued at $855,000 after buying an additional 4,691 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Thor Industries by 101.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 164,324 shares of the construction company’s stock valued at $18,925,000 after buying an additional 82,854 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its stake in Thor Industries by 5.7% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 20,420 shares of the construction company’s stock valued at $2,347,000 after buying an additional 1,095 shares during the last quarter. Finally, LPL Financial LLC increased its stake in Thor Industries by 29.8% in the 1st quarter. LPL Financial LLC now owns 17,873 shares of the construction company’s stock valued at $2,058,000 after buying an additional 4,102 shares during the last quarter. Hedge funds and other institutional investors own 88.02% of the company’s stock.

Shares of THO stock traded down $2.82 during trading hours on Friday, hitting $75.11. 61,484 shares of the company were exchanged, compared to its average volume of 1,340,495. The company has a quick ratio of 1.01, a current ratio of 1.71 and a debt-to-equity ratio of 0.04. Thor Industries, Inc. has a 52-week low of $77.22 and a 52-week high of $161.48. The firm has a market cap of $4.33 billion, a P/E ratio of 9.09 and a beta of 1.26.

Thor Industries (NYSE:THO) last issued its quarterly earnings results on Thursday, September 20th. The construction company reported $1.67 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.03 by ($0.36). Thor Industries had a return on equity of 24.97% and a net margin of 5.16%. The company had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the previous year, the business earned $2.26 EPS. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. As a group, equities analysts expect that Thor Industries, Inc. will post 8.38 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, November 9th. Stockholders of record on Thursday, October 25th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, October 24th. This represents a $1.56 annualized dividend and a dividend yield of 2.08%. This is a positive change from Thor Industries’s previous quarterly dividend of $0.37. Thor Industries’s dividend payout ratio (DPR) is presently 17.31%.

In related news, Director James L. Ziemer purchased 5,000 shares of the firm’s stock in a transaction dated Tuesday, October 9th. The stock was bought at an average price of $81.74 per share, for a total transaction of $408,700.00. Following the purchase, the director now directly owns 14,000 shares in the company, valued at approximately $1,144,360. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 6.60% of the company’s stock.

Several research firms have commented on THO. Citigroup decreased their price objective on shares of Thor Industries from $150.00 to $130.00 and set a “buy” rating for the company in a research note on Thursday, June 21st. ValuEngine upgraded shares of Thor Industries from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 19th. Sidoti decreased their price objective on shares of Thor Industries from $148.00 to $144.00 and set a “buy” rating for the company in a research note on Friday, August 10th. Zacks Investment Research upgraded shares of Thor Industries from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. Finally, Northcoast Research reiterated a “buy” rating on shares of Thor Industries in a research note on Friday, August 17th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company’s stock. Thor Industries presently has a consensus rating of “Buy” and an average target price of $124.43.

Thor Industries Profile

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.

Further Reading: What is a Leveraged Buyout (LBO)?

Institutional Ownership by Quarter for Thor Industries (NYSE:THO)

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