Compagnie Lombard Odier SCmA Holds Stake in Thor Industries, Inc. (THO)
Compagnie Lombard Odier SCmA maintained its position in shares of Thor Industries, Inc. (NYSE:THO) during the third quarter, Holdings Channel reports. The institutional investor owned 5,054 shares of the company’s stock at the end of the third quarter. Compagnie Lombard Odier SCmA’s holdings in Thor Industries were worth $428,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Genesee Valley Trust Co. increased its position in shares of Thor Industries by 0.4% in the second quarter. Genesee Valley Trust Co. now owns 4,142 shares of the company’s stock valued at $268,000 after buying an additional 15 shares during the period. Cantab Capital Partners LLP boosted its stake in Thor Industries by 0.6% in the second quarter. Cantab Capital Partners LLP now owns 19,732 shares of the company’s stock valued at $1,277,000 after buying an additional 110 shares in the last quarter. Somerset Trust Co boosted its stake in Thor Industries by 2.0% in the third quarter. Somerset Trust Co now owns 6,695 shares of the company’s stock valued at $567,000 after buying an additional 133 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in Thor Industries by 0.3% in the second quarter. Public Employees Retirement System of Ohio now owns 52,798 shares of the company’s stock valued at $3,418,000 after buying an additional 145 shares in the last quarter. Finally, Oakbrook Investments LLC boosted its stake in Thor Industries by 3.5% in the third quarter. Oakbrook Investments LLC now owns 4,468 shares of the company’s stock valued at $378,000 after buying an additional 150 shares in the last quarter. Institutional investors own 87.23% of the company’s stock.
Shares of Thor Industries, Inc. (NYSE:THO) traded up 1.22% on Friday, hitting $102.89. The company’s stock had a trading volume of 330,371 shares. Thor Industries, Inc. has a 52 week low of $47.56 and a 52 week high of $108.45. The stock’s 50-day moving average price is $102.15 and its 200-day moving average price is $84.63. The firm has a market cap of $5.41 billion, a price-to-earnings ratio of 19.03 and a beta of 1.28.
Thor Industries (NYSE:THO) last posted its earnings results on Monday, November 28th. The company reported $1.49 earnings per share for the quarter, topping analysts’ consensus estimates of $1.23 by $0.26. The business had revenue of $1.71 billion for the quarter. Thor Industries had a return on equity of 23.74% and a net margin of 5.41%. The firm’s revenue was up 65.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.97 earnings per share. Equities analysts expect that Thor Industries, Inc. will post $6.39 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, January 6th. Investors of record on Friday, December 23rd were issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Wednesday, December 21st. Thor Industries’s payout ratio is presently 24.44%.
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Several research firms have recently weighed in on THO. BMO Capital Markets increased their price objective on Thor Industries from $80.00 to $102.00 and gave the company a “market perform” rating in a research report on Tuesday, November 29th. Argus increased their price objective on Thor Industries to $115.00 and gave the company a “buy” rating in a research report on Friday, January 6th. Vetr cut Thor Industries from a “strong-buy” rating to a “buy” rating and set a $95.66 price objective for the company. in a research report on Tuesday, November 15th. Zacks Investment Research raised Thor Industries from a “hold” rating to a “buy” rating and set a $96.00 price objective for the company in a research report on Thursday, October 6th. Finally, Wellington Shields raised Thor Industries from a “gradually accumulate” rating to a “buy” rating in a research report on Wednesday, September 28th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $91.71.
In related news, Director Alan Siegel sold 2,236 shares of the business’s stock in a transaction that occurred on Thursday, December 1st. The stock was sold at an average price of $100.41, for a total transaction of $224,516.76. Following the transaction, the director now directly owns 6,988 shares of the company’s stock, valued at approximately $701,665.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 6.60% of the company’s stock.
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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