Motley Fool Wealth Management LLC grew its holdings in Thor Industries, Inc. (NYSE:THO) by 2.3% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 117,453 shares of the construction company’s stock after buying an additional 2,655 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in Thor Industries were worth $7,326,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Patten Group Inc. raised its stake in shares of Thor Industries by 40.0% in the 4th quarter. Patten Group Inc. now owns 560 shares of the construction company’s stock valued at $29,000 after buying an additional 160 shares in the last quarter. FTB Advisors Inc. raised its stake in shares of Thor Industries by 155.6% in the 4th quarter. FTB Advisors Inc. now owns 570 shares of the construction company’s stock valued at $29,000 after buying an additional 347 shares in the last quarter. Resources Investment Advisors Inc. bought a new stake in shares of Thor Industries in the 4th quarter worth about $30,000. Private Capital Group LLC grew its holdings in shares of Thor Industries by 56.1% in the 4th quarter. Private Capital Group LLC now owns 584 shares of the construction company’s stock worth $31,000 after purchasing an additional 210 shares during the last quarter. Finally, Osborn Williams & Donohoe LLC bought a new stake in shares of Thor Industries in the 1st quarter worth about $39,000. Institutional investors own 87.11% of the company’s stock.
A number of brokerages have commented on THO. BMO Capital Markets lowered shares of Thor Industries from an “outperform” rating to a “market perform” rating and set a $63.00 price objective on the stock. in a report on Monday, February 4th. ValuEngine downgraded shares of Thor Industries from a “sell” rating to a “strong sell” rating in a research report on Monday, February 4th. SunTrust Banks upped their target price on shares of Thor Industries to $85.00 and gave the company a “buy” rating in a research report on Tuesday, February 12th. Zacks Investment Research upgraded shares of Thor Industries from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a research report on Friday, February 15th. Finally, Bank of America began coverage on shares of Thor Industries in a research report on Tuesday, March 26th. They set an “underperform” rating and a $62.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $90.89.
Thor Industries (NYSE:THO) last released its earnings results on Wednesday, March 6th. The construction company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.58 billion. During the same quarter in the previous year, the company posted $1.51 earnings per share. The business’s revenue for the quarter was down 34.5% on a year-over-year basis. Equities research analysts anticipate that Thor Industries, Inc. will post 5.55 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Shareholders of record on Thursday, April 4th were given a dividend of $0.39 per share. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $1.56 dividend on an annualized basis and a yield of 2.74%. Thor Industries’s payout ratio is presently 18.25%.
Thor Industries Company 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.
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