Bank of Montreal Can Acquires Shares of 42,737 Thor Industries Inc. (THO)
Bank of Montreal Can purchased a new position in Thor Industries Inc. (NYSE:THO) during the second quarter, Holdings Channel reports. The firm purchased 42,737 shares of the company’s stock, valued at approximately $2,766,000.
Several other large investors have also modified their holdings of THO. Meeder Asset Management Inc. acquired a new stake in shares of Thor Industries during the second quarter worth about $367,000. Oakbrook Investments LLC acquired a new stake in shares of Thor Industries during the second quarter worth about $280,000. CIBC World Markets Inc. acquired a new stake in shares of Thor Industries during the second quarter worth about $667,000. LS Investment Advisors LLC raised its stake in shares of Thor Industries by 65.7% in the second quarter. LS Investment Advisors LLC now owns 2,809 shares of the company’s stock worth $182,000 after buying an additional 1,114 shares in the last quarter. Finally, Prescott Group Capital Management L.L.C. raised its stake in shares of Thor Industries by 227.7% in the second quarter. Prescott Group Capital Management L.L.C. now owns 18,710 shares of the company’s stock worth $1,211,000 after buying an additional 13,000 shares in the last quarter. 85.68% of the stock is owned by hedge funds and other institutional investors.
Thor Industries Inc. (NYSE:THO) traded down 0.60% on Tuesday, reaching $81.78. The company’s stock had a trading volume of 645,230 shares. The stock has a market capitalization of $4.29 billion, a P/E ratio of 16.75 and a beta of 1.26. Thor Industries Inc. has a 52 week low of $47.56 and a 52 week high of $87.08. The firm has a 50 day moving average price of $82.35 and a 200 day moving average price of $72.02.
Thor Industries (NYSE:THO) last issued its quarterly earnings data on Monday, September 26th. The company reported $1.57 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.33 by $0.24. Thor Industries had a return on equity of 22.50% and a net margin of 5.60%. The firm earned $1.29 billion during the quarter. During the same quarter in the prior year, the firm earned $1.31 earnings per share. The company’s revenue for the quarter was up 22.2% on a year-over-year basis. On average, equities analysts anticipate that Thor Industries Inc. will post $5.89 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, November 7th. Investors of record on Monday, October 24th will be given a dividend of $0.33 per share. This is an increase from Thor Industries’s previous quarterly dividend of $0.30. This represents a $1.32 annualized dividend and a dividend yield of 1.61%. The ex-dividend date is Thursday, October 20th. Thor Industries’s payout ratio is currently 24.64%.
A number of equities research analysts have weighed in on the company. Argus reaffirmed a “buy” rating and set a $92.00 target price on shares of Thor Industries in a research report on Sunday, October 9th. Zacks Investment Research raised Thor Industries from a “hold” rating to a “buy” rating and set a $96.00 target price for the company in a research report on Thursday, October 6th. BMO Capital Markets reaffirmed a “hold” rating on shares of Thor Industries in a research report on Wednesday, September 28th. Wellington Shields raised Thor Industries from a “gradually accumulate” rating to a “buy” rating in a research report on Wednesday, September 28th. Finally, Great Lakes Dredge & Dock Corp. raised Thor Industries to a “buy” rating in a research report on Wednesday, September 28th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $80.63.
In other Thor Industries news, Chairman Peter Busch Orthwein sold 4,672 shares of Thor Industries stock in a transaction that occurred on Thursday, September 29th. The shares were sold at an average price of $85.69, for a total value of $400,343.68. Following the completion of the sale, the chairman now directly owns 1,400,252 shares of the company’s stock, valued at approximately $119,987,593.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 8.80% of the company’s stock.
Thor Industries Company Profile
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.
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 Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thor Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.