Sterling Capital Management LLC trimmed its position in shares of Thor Industries, Inc. (NYSE:THO) by 15.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 274,113 shares of the construction company’s stock after selling 49,023 shares during the period. Sterling Capital Management LLC owned approximately 0.52% of Thor Industries worth $28,650,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. grew its holdings in Thor Industries by 1.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 14,320 shares of the construction company’s stock valued at $1,497,000 after purchasing an additional 214 shares in the last quarter. Castleark Management LLC acquired a new stake in Thor Industries during the 2nd quarter valued at $504,000. Bank of Nova Scotia acquired a new stake in Thor Industries during the 2nd quarter valued at $1,233,000. 361 Capital LLC grew its holdings in Thor Industries by 95.0% during the 2nd quarter. 361 Capital LLC now owns 18,700 shares of the construction company’s stock valued at $1,955,000 after purchasing an additional 9,112 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Thor Industries by 2.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 70,792 shares of the construction company’s stock valued at $7,401,000 after purchasing an additional 1,361 shares in the last quarter. 89.48% of the stock is owned by institutional investors and hedge funds.

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In related news, Chairman Peter Busch Orthwein sold 2,784 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $115.00, for a total transaction of $320,160.00. Following the transaction, the chairman now owns 1,396,352 shares of the company’s stock, valued at $160,580,480. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 6.60% of the company’s stock.

Shares of Thor Industries, Inc. (NYSE THO) traded up 0.31% on Thursday, reaching $128.16. 177,483 shares of the company’s stock traded hands. Thor Industries, Inc. has a 52 week low of $74.00 and a 52 week high of $129.88. The company’s 50-day moving average is $115.81 and its 200-day moving average is $103.63. The firm has a market capitalization of $6.74 billion, a P/E ratio of 20.00 and a beta of 1.37.

Thor Industries (NYSE:THO) last announced its earnings results on Wednesday, September 27th. The construction company reported $2.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.95 by $0.31. Thor Industries had a net margin of 5.16% and a return on equity of 26.04%. The business had revenue of $1.93 billion for the quarter, compared to analyst estimates of $1.83 billion. During the same quarter in the previous year, the firm posted $1.57 earnings per share. Thor Industries’s revenue was up 49.7% compared to the same quarter last year. Equities research analysts anticipate that Thor Industries, Inc. will post $8.18 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 7th. Investors of record on Tuesday, October 24th will be given a dividend of $0.37 per share. The ex-dividend date is Monday, October 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.16%. This is a positive change from Thor Industries’s previous quarterly dividend of $0.33. Thor Industries’s payout ratio is 18.62%.

A number of equities research analysts recently weighed in on THO shares. Off Wall Street started coverage on shares of Thor Industries in a report on Thursday, June 29th. They set a “sell” rating and a $75.00 price target for the company. BMO Capital Markets lowered shares of Thor Industries from an “outperform” rating to a “market perform” rating in a report on Thursday, July 6th. Stifel Nicolaus started coverage on shares of Thor Industries in a report on Thursday, July 6th. They set a “hold” rating and a $110.00 price target for the company. BidaskClub lowered shares of Thor Industries from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. Finally, Zacks Investment Research lowered shares of Thor Industries from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $119.74.

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

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