State Board of Administration of Florida Retirement System grew its holdings in shares of Thor Industries, Inc. (NYSE:THO) by 1.2% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,984 shares of the construction company’s stock after buying an additional 676 shares during the period. State Board of Administration of Florida Retirement System owned 0.11% of Thor Industries worth $7,427,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Janus Henderson Group PLC purchased a new stake in shares of Thor Industries in the 2nd quarter valued at about $128,458,000. Swedbank purchased a new stake in shares of Thor Industries in the 3rd quarter valued at about $129,759,000. Capital Growth Management LP purchased a new stake in shares of Thor Industries in the 2nd quarter valued at about $47,034,000. Chilton Investment Co. LLC purchased a new stake in shares of Thor Industries in the 2nd quarter valued at about $37,692,000. Finally, BlackRock Inc. lifted its holdings in shares of Thor Industries by 8.7% in the 2nd quarter. BlackRock Inc. now owns 4,122,123 shares of the construction company’s stock valued at $430,843,000 after purchasing an additional 329,996 shares during the last quarter. 91.31% of the stock is owned by institutional investors.
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In other Thor Industries news, Chairman Peter Busch Orthwein sold 2,784 shares of the business’s stock in a transaction that occurred 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 transaction, the chairman now owns 1,396,352 shares in the company, valued at approximately $160,580,480. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.10% of the company’s stock.
Thor Industries, Inc. (NYSE:THO) opened at $129.89 on Monday. 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, Inc. has a 52-week low of $78.84 and a 52-week high of $138.07. The stock has a market capitalization of $6,840.00, a P/E ratio of 18.32 and a beta of 1.42.
Thor Industries (NYSE:THO) last released its earnings results on Wednesday, September 27th. The construction company reported $2.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter in the previous year, the firm posted $1.57 EPS. The firm’s quarterly revenue was up 49.7% on a year-over-year basis. sell-side analysts forecast that Thor Industries, Inc. will post 8.14 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 7th. Shareholders of record on Tuesday, October 24th were given a dividend of $0.37 per share. This is a boost from Thor Industries’s previous quarterly dividend of $0.33. The ex-dividend date was Monday, October 23rd. This represents a $1.48 annualized dividend and a yield of 1.14%. Thor Industries’s payout ratio is presently 20.87%.
Several analysts have commented on the company. Zacks Investment Research raised Thor Industries from a “hold” rating to a “buy” rating and set a $122.00 price objective for the company in a research note on Wednesday, August 30th. Robert W. Baird reaffirmed a “buy” rating and set a $136.00 price objective on shares of Thor Industries in a research note on Wednesday, November 1st. BidaskClub downgraded Thor Industries from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. BMO Capital Markets reaffirmed a “hold” rating and set a $110.00 price objective on shares of Thor Industries in a research note on Friday, September 1st. Finally, SunTrust Banks, Inc. upped their price objective on Thor Industries and gave the company a “buy” rating in a research note on Thursday, September 28th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company. Thor Industries presently has an average rating of “Buy” and an average price target of $120.97.
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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