BTC Capital Management Inc. lowered its stake in shares of Thor Industries, Inc. (NYSE:THO) by 0.8% during the second quarter, Holdings Channel reports. The firm owned 11,016 shares of the construction company’s stock after selling 89 shares during the period. BTC Capital Management Inc.’s holdings in Thor Industries were worth $1,150,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of Thor Industries by 5.7% in the first quarter. Vanguard Group Inc. now owns 3,993,691 shares of the construction company’s stock valued at $383,913,000 after buying an additional 214,042 shares during the period. BlackRock Inc. raised its stake in shares of Thor Industries by 14,578.8% in the first quarter. BlackRock Inc. now owns 3,792,127 shares of the construction company’s stock valued at $364,538,000 after buying an additional 3,766,293 shares during the period. State Street Corp raised its stake in shares of Thor Industries by 5.0% in the first quarter. State Street Corp now owns 1,320,280 shares of the construction company’s stock valued at $126,925,000 after buying an additional 62,855 shares during the period. JPMorgan Chase & Co. raised its stake in shares of Thor Industries by 217.6% in the first quarter. JPMorgan Chase & Co. now owns 1,173,336 shares of the construction company’s stock valued at $112,792,000 after buying an additional 803,868 shares during the period. Finally, AQR Capital Management LLC raised its stake in shares of 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 valued at $101,262,000 after buying an additional 171,908 shares during the period. Institutional investors and hedge funds own 90.36% of the company’s stock.

Thor Industries, Inc. (NYSE THO) opened at 101.70 on Friday. Thor Industries, Inc. has a one year low of $74.00 and a one year high of $115.74. The company has a market capitalization of $5.35 billion, a P/E ratio of 15.87 and a beta of 1.40. The company’s 50-day moving average is $105.08 and its 200 day moving average is $101.04.

Thor Industries (NYSE:THO) last released its quarterly earnings results on Monday, June 5th. The construction company reported $2.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.87 by $0.24. Thor Industries had a net margin of 5.11% and a return on equity of 24.83%. The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter last year, the business earned $1.51 EPS. The company’s revenue was up 56.9% compared to the same quarter last year. Analysts predict that Thor Industries, Inc. will post $6.76 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 12th. Stockholders of record on Friday, June 23rd were paid a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, June 21st. This represents a $1.32 annualized dividend and a dividend yield of 1.30%. Thor Industries’s dividend payout ratio is currently 20.63%.

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THO has been the topic of several recent research reports. BidaskClub upgraded shares of Thor Industries from a “sell” rating to a “hold” rating in a research report on Friday, August 4th. Zacks Investment Research upgraded shares of Thor Industries from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research report on Saturday, June 24th. Citigroup Inc. reiterated a “buy” rating and set a $118.00 target price (up from $111.00) on shares of Thor Industries in a research report on Friday, June 9th. Stifel Nicolaus initiated coverage on shares of Thor Industries in a research report on Thursday, July 6th. They set a “hold” rating and a $110.00 target price on the stock. Finally, BMO Capital Markets reiterated a “hold” rating and set a $110.00 target price on shares of Thor Industries in a research report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have given a buy rating to the stock. Thor Industries currently has a consensus rating of “Buy” and a consensus price target of $107.06.

In other news, Director Alan Siegel sold 1,000 shares of Thor Industries stock in a transaction 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 sale, the director now owns 4,988 shares in the company, valued at approximately $545,936.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 6.60% of the company’s stock.

Thor Industries Company Profile

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

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