Algert Global LLC Invests $2.09 Million in Thor Industries, Inc. (THO)
Algert Global LLC purchased a new stake in Thor Industries, Inc. (NYSE:THO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 20,022 shares of the construction company’s stock, valued at approximately $2,093,000.
Several other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Thor Industries by 5.7% in the first quarter. Vanguard Group Inc. now owns 3,993,691 shares of the construction company’s stock worth $383,913,000 after buying an additional 214,042 shares during the last quarter. BlackRock Inc. boosted its position in Thor Industries by 14,578.8% in the first quarter. BlackRock Inc. now owns 3,792,127 shares of the construction company’s stock worth $364,538,000 after buying an additional 3,766,293 shares during the last quarter. State Street Corp boosted its position in Thor Industries by 5.0% in the first quarter. State Street Corp now owns 1,320,280 shares of the construction company’s stock worth $126,925,000 after buying an additional 62,855 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Thor Industries by 217.6% in the first quarter. JPMorgan Chase & Co. now owns 1,173,336 shares of the construction company’s stock worth $112,792,000 after buying an additional 803,868 shares during the last quarter. Finally, AQR Capital Management LLC boosted its position in Thor Industries by 19.5% in the first quarter. AQR Capital Management LLC now owns 1,053,386 shares of the construction company’s stock worth $101,262,000 after buying an additional 171,908 shares during the last quarter. Institutional investors own 90.36% of the company’s stock.
Thor Industries, Inc. (THO) opened at 105.31 on Tuesday. The stock’s 50 day moving average price is $105.52 and its 200-day moving average price is $100.89. Thor Industries, Inc. has a 12 month low of $74.00 and a 12 month high of $115.74. The firm has a market capitalization of $5.54 billion, a price-to-earnings ratio of 16.43 and a beta of 1.40.
Thor Industries (NYSE:THO) last released its quarterly earnings results on Monday, June 5th. The construction company reported $2.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.87 by $0.24. Thor Industries had a return on equity of 24.83% and a net margin of 5.11%. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the previous year, the company posted $1.51 earnings per share. The firm’s revenue was up 56.9% on a year-over-year basis. Equities analysts anticipate that Thor Industries, Inc. will post $6.76 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 12th. Investors of record on Friday, June 23rd were given a dividend of $0.33 per share. The ex-dividend date was Wednesday, June 21st. This represents a $1.32 annualized dividend and a dividend yield of 1.25%. Thor Industries’s dividend payout ratio is presently 20.63%.
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A number of equities analysts have issued reports on THO shares. Zacks Investment Research upgraded Thor Industries from a “hold” rating to a “buy” rating and set a $103.00 price target on the stock in a report on Wednesday, May 10th. Citigroup Inc. restated a “buy” rating and set a $111.00 price target (down from $117.00) on shares of Thor Industries in a report on Saturday, April 22nd. SunTrust Banks, Inc. set a $125.00 price target on Thor Industries and gave the stock a “buy” rating in a report on Thursday, April 20th. Stifel Nicolaus started coverage on Thor Industries in a report on Thursday, July 6th. They set a “hold” rating and a $110.00 price target on the stock. Finally, BMO Capital Markets restated a “hold” rating and set a $110.00 price target on shares of Thor Industries in a report on Thursday, July 13th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and ten have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $107.06.
In related news, Director Alan Siegel sold 1,000 shares of Thor Industries stock in a transaction that occurred on Wednesday, June 28th. The stock was sold at an average price of $109.45, for a total transaction of $109,450.00. Following the sale, the director now directly owns 4,988 shares in the company, valued at $545,936.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 6.60% of the company’s stock.
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.
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