6,900 Shares in Thor Industries, Inc. (NYSE:THO) Acquired by Trexquant Investment LP
Trexquant Investment LP bought a new stake in shares of Thor Industries, Inc. (NYSE:THO) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 6,900 shares of the construction company’s stock, valued at approximately $721,000.
Several other institutional investors also recently bought and sold shares of the stock. Somerset Trust Co raised its position in shares of Thor Industries by 0.4% in the first quarter. Somerset Trust Co now owns 6,641 shares of the construction company’s stock worth $639,000 after buying an additional 25 shares during the period. World Asset Management Inc raised its position in shares of Thor Industries by 0.8% in the second quarter. World Asset Management Inc now owns 3,751 shares of the construction company’s stock worth $392,000 after buying an additional 29 shares during the period. Bbva Compass Bancshares Inc. raised its position in shares of Thor Industries by 0.6% in the second quarter. Bbva Compass Bancshares Inc. now owns 14,956 shares of the construction company’s stock worth $1,564,000 after buying an additional 82 shares during the period. State Treasurer State of Michigan raised its position in shares of Thor Industries by 0.5% in the first quarter. State Treasurer State of Michigan now owns 19,400 shares of the construction company’s stock worth $1,865,000 after buying an additional 100 shares during the period. Finally, Barnett & Company Inc. raised its position in shares of Thor Industries by 0.9% in the second quarter. Barnett & Company Inc. now owns 10,740 shares of the construction company’s stock worth $1,123,000 after buying an additional 100 shares during the period. 90.36% of the stock is owned by institutional investors.
Thor Industries, Inc. (NYSE THO) opened at 101.70 on Friday. The company has a market capitalization of $5.35 billion, a price-to-earnings ratio of 15.87 and a beta of 1.40. Thor Industries, Inc. has a 52 week low of $74.00 and a 52 week high of $115.74. The firm’s 50-day moving average price is $105.08 and its 200-day moving average price is $101.04.
Thor Industries (NYSE:THO) last posted its earnings results on Monday, June 5th. The construction company reported $2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.87 by $0.24. Thor Industries had a net margin of 5.11% and a return on equity of 24.83%. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.96 billion. During the same quarter in the previous year, the company posted $1.51 earnings per share. Thor Industries’s quarterly revenue was up 56.9% compared to the same quarter last year. On average, equities analysts expect that Thor Industries, Inc. will post $6.76 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 12th. Stockholders of record on Friday, June 23rd were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date was Wednesday, June 21st. Thor Industries’s dividend payout ratio (DPR) is currently 20.63%.
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THO has been the subject of a number of recent analyst reports. Zacks Investment Research raised Thor Industries from a “hold” rating to a “buy” rating and set a $103.00 price objective for the company in a report on Wednesday, May 10th. Citigroup Inc. reissued a “buy” rating and issued a $111.00 price objective (down from $117.00) on shares of Thor Industries in a report on Saturday, April 22nd. BMO Capital Markets lowered Thor Industries from an “outperform” rating to a “market perform” rating in a report on Thursday, July 6th. SunTrust Banks, Inc. set a $125.00 price objective on Thor Industries and gave the stock a “buy” rating in a report on Thursday, April 20th. Finally, Off Wall Street initiated coverage on Thor Industries in a report on Thursday, June 29th. They issued a “sell” rating and a $75.00 price objective for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and nine have given a buy rating to the company’s stock. Thor Industries presently has a consensus rating of “Buy” and a consensus target price of $107.06.
In other news, Director Alan Siegel sold 1,000 shares of Thor Industries stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $109.45, for a total value of $109,450.00. Following the completion of the transaction, the director now 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 accessible through this hyperlink. 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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