Monarch Partners Asset Management LLC raised its position in Thor Industries, Inc. (NYSE:THO) by 58.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 159,555 shares of the construction company’s stock after purchasing an additional 59,040 shares during the quarter. Thor Industries comprises 1.2% of Monarch Partners Asset Management LLC’s investment portfolio, making the stock its 27th biggest position. Monarch Partners Asset Management LLC owned 0.30% of Thor Industries worth $13,355,000 at the end of the most recent quarter.
A number of other large investors have also recently bought and sold shares of THO. Private Capital Group LLC boosted its holdings in Thor Industries by 351.7% in the 2nd quarter. Private Capital Group LLC now owns 1,084 shares of the construction company’s stock valued at $105,000 after purchasing an additional 844 shares during the last quarter. Hanson & Doremus Investment Management acquired a new position in Thor Industries in the 3rd quarter valued at about $139,000. Itau Unibanco Holding S.A. boosted its holdings in Thor Industries by 282.9% in the 2nd quarter. Itau Unibanco Holding S.A. now owns 1,589 shares of the construction company’s stock valued at $155,000 after purchasing an additional 1,174 shares during the last quarter. Cerebellum GP LLC acquired a new position in Thor Industries in the 2nd quarter valued at about $173,000. Finally, Smithfield Trust Co. boosted its holdings in Thor Industries by 2,051.1% in the 2nd quarter. Smithfield Trust Co. now owns 1,936 shares of the construction company’s stock valued at $189,000 after purchasing an additional 1,846 shares during the last quarter. Institutional investors own 88.97% of the company’s stock.
Several equities analysts have weighed in on THO shares. Robert W. Baird reiterated a “buy” rating and issued a $95.00 target price on shares of Thor Industries in a report on Monday, October 29th. Citigroup decreased their target price on shares of Thor Industries from $130.00 to $102.00 and set a “buy” rating on the stock in a report on Thursday, October 4th. Northcoast Research reiterated a “buy” rating on shares of Thor Industries in a report on Friday, August 17th. Sidoti decreased their target price on shares of Thor Industries from $148.00 to $144.00 and set a “buy” rating on the stock in a report on Friday, August 10th. Finally, Zacks Investment Research upgraded shares of Thor Industries from a “sell” rating to a “hold” rating in a report on Friday, August 24th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $118.57.
Shares of THO stock opened at $74.74 on Friday. The company has a current ratio of 1.71, a quick ratio of 1.01 and a debt-to-equity ratio of 0.04. Thor Industries, Inc. has a one year low of $63.48 and a one year high of $161.48. The company has a market capitalization of $3.95 billion, a PE ratio of 8.74 and a beta of 1.42.
Thor Industries (NYSE:THO) last issued its quarterly earnings data on Thursday, September 20th. The construction company reported $1.67 EPS for the quarter, missing the consensus estimate of $2.03 by ($0.36). Thor Industries had a return on equity of 24.97% and a net margin of 5.16%. The company had revenue of $1.87 billion during the quarter, compared to analyst estimates of $1.85 billion. During the same quarter in the prior year, the company posted $2.26 earnings per share. The business’s revenue was down 3.2% compared to the same quarter last year. Equities analysts expect that Thor Industries, Inc. will post 8.14 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 9th. Stockholders of record on Thursday, October 25th will be issued a $0.39 dividend. This is a positive change from Thor Industries’s previous quarterly dividend of $0.37. This represents a $1.56 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Wednesday, October 24th. Thor Industries’s dividend payout ratio is currently 18.25%.
Thor Industries Profile
Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories primarily in the United States and Canada. It operates in two segments, Towable Recreational Vehicles and Motorized Recreational Vehicles. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, Basecamp, and Nest travel trade names, as well as Interstate series of Class B motorhomes; and gasoline and diesel Class A and Class C motorhomes under the Four Winds, Freedom Elite, Majestic, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, and A.C.E trade names.
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