Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of Thor Industries, Inc. (NYSE:THO) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 1,885 shares of the construction company’s stock, valued at approximately $396,000.
Several other large investors have also modified their holdings of the stock. BlackRock Inc. increased its position in shares of Thor Industries by 8.7% during the 2nd quarter. BlackRock Inc. now owns 4,122,123 shares of the construction company’s stock worth $430,843,000 after purchasing an additional 329,996 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Thor Industries by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 4,042,036 shares of the construction company’s stock worth $422,474,000 after purchasing an additional 48,345 shares during the last quarter. Wells Fargo & Company MN grew its position in Thor Industries by 7.4% in the 2nd quarter. Wells Fargo & Company MN now owns 1,324,845 shares of the construction company’s stock valued at $138,473,000 after acquiring an additional 90,713 shares in the last quarter. Janus Henderson Group PLC acquired a new position in Thor Industries in the 2nd quarter valued at about $128,458,000. Finally, Victory Capital Management Inc. grew its position in Thor Industries by 8.8% in the 2nd quarter. Victory Capital Management Inc. now owns 1,054,269 shares of the construction company’s stock valued at $110,192,000 after acquiring an additional 85,581 shares in the last quarter. 91.54% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have weighed in on THO shares. Sidoti started coverage on Thor Industries in a research report on Friday, August 11th. They issued a “buy” rating and a $133.00 target price for the company. Robert W. Baird reaffirmed a “buy” rating and issued a $120.00 target price on shares of Thor Industries in a research report on Friday, September 8th. Zacks Investment Research raised Thor Industries from a “hold” rating to a “buy” rating and set a $122.00 target price for the company in a research report on Tuesday, September 5th. Canaccord Genuity reaffirmed a “buy” rating on shares of Thor Industries in a research report on Friday, September 22nd. Finally, Northcoast Research reaffirmed a “buy” rating and issued a $145.00 target price (up from $134.00) on shares of Thor Industries in a research report on Monday, September 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and ten have issued a buy rating to the company. Thor Industries currently has an average rating of “Buy” and a consensus target price of $120.97.
In other news, Chairman Peter Busch Orthwein sold 2,784 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $160,580,480. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 6.60% of the company’s stock.
Shares of Thor Industries, Inc. (NYSE THO) traded down $0.11 during trading on Friday, hitting $129.89. The stock had a trading volume of 333,600 shares, compared to its average volume of 580,380. Thor Industries, Inc. has a 1-year low of $78.84 and a 1-year high of $138.07. The firm has a market capitalization of $6,844.42, a P/E ratio of 18.32 and a beta of 1.42. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.92 and a current ratio of 1.51.
Thor Industries (NYSE:THO) last announced its quarterly earnings data on Wednesday, September 27th. The construction company reported $2.26 EPS for the quarter, topping the Zacks’ 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 business had revenue of $1.93 billion during the quarter, compared to the consensus estimate of $1.83 billion. During the same period in the previous year, the company posted $1.57 earnings per share. The business’s revenue for the quarter was up 49.7% on a year-over-year basis. analysts forecast that Thor Industries, Inc. will post 8.14 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 7th. Stockholders of record on Tuesday, October 24th were given a dividend of $0.37 per share. The ex-dividend date was Monday, October 23rd. This is an increase from Thor Industries’s previous quarterly dividend of $0.33. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.14%. Thor Industries’s payout ratio is currently 20.87%.
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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