Thor Industries, Inc. (THO) Shares Bought by Columbia Partners L L C Investment Management
Columbia Partners L L C Investment Management raised its holdings in shares of Thor Industries, Inc. (NYSE:THO) by 16.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 29,043 shares of the construction company’s stock after buying an additional 4,187 shares during the quarter. Columbia Partners L L C Investment Management owned about 0.06% of Thor Industries worth $3,656,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Huntington National Bank lifted its holdings in shares of Thor Industries by 82.0% during the second quarter. Huntington National Bank now owns 983 shares of the construction company’s stock worth $103,000 after buying an additional 443 shares during the last quarter. Penserra Capital Management LLC acquired a new position in shares of Thor Industries during the second quarter worth approximately $104,000. Sterling Investment Advisors Ltd. acquired a new position in shares of Thor Industries during the second quarter worth approximately $105,000. Fiduciary Trust Co. acquired a new position in shares of Thor Industries during the second quarter worth approximately $133,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Thor Industries by 9.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,735 shares of the construction company’s stock worth $181,000 after buying an additional 151 shares during the last quarter. Institutional investors own 91.31% of the company’s stock.
Thor Industries, Inc. (THO) traded down $0.80 during trading on Friday, reaching $131.19. The company’s stock had a trading volume of 607,400 shares, compared to its average volume of 696,533. The company has a quick ratio of 0.92, a current ratio of 1.51 and a debt-to-equity ratio of 0.09. Thor Industries, Inc. has a 1 year low of $86.01 and a 1 year high of $138.07. The firm has a market capitalization of $6,955.13, a price-to-earnings ratio of 18.62 and a beta of 1.42.
Thor Industries (NYSE:THO) last released its quarterly earnings data on Wednesday, September 27th. The construction company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.95 by $0.31. Thor Industries had a return on equity of 26.04% and a net margin of 5.16%. The firm had revenue of $1.93 billion during the quarter, compared to analyst estimates of $1.83 billion. During the same period in the prior year, the company posted $1.57 earnings per share. The business’s revenue for the quarter was up 49.7% compared to the same quarter last year. sell-side analysts forecast that Thor Industries, Inc. will post 8.14 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 7th. Shareholders of record on Tuesday, October 24th were paid a dividend of $0.37 per share. This is a positive change from Thor Industries’s previous quarterly dividend of $0.33. This represents a $1.48 annualized dividend and a yield of 1.13%. The ex-dividend date was Monday, October 23rd. Thor Industries’s dividend payout ratio is currently 20.87%.
In other Thor Industries news, Chairman Peter Busch Orthwein sold 2,784 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $115.00, for a total transaction of $320,160.00. Following the completion of the transaction, the chairman now directly owns 1,396,352 shares in the company, valued at $160,580,480. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 6.60% of the company’s stock.
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A number of brokerages recently commented on THO. BidaskClub upgraded Thor Industries from a “sell” rating to a “hold” rating in a research note on Friday, August 4th. Stifel Nicolaus restated a “hold” rating and issued a $114.00 target price (up from $110.00) on shares of Thor Industries in a research note on Saturday, September 30th. Robert W. Baird restated an “outperform” rating and issued a $120.00 target price on shares of Thor Industries in a research note on Thursday, September 28th. BMO Capital Markets restated a “market perform” rating and issued a $135.00 target price (up from $110.00) on shares of Thor Industries in a research note on Saturday, September 30th. Finally, Aegis restated a “hold” rating and issued a $130.00 target price (up from $113.00) on shares of Thor Industries in a research note on Saturday, September 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $123.08.
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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