9,972 Shares in Thor Industries, Inc. (THO) Purchased by Engineers Gate Manager LP
Engineers Gate Manager LP bought a new position in Thor Industries, Inc. (NYSE:THO) in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 9,972 shares of the construction company’s stock, valued at approximately $1,256,000.
Other large investors have also recently added to or reduced their stakes in the company. Sterling Investment Advisors Ltd. purchased a new position in shares of Thor Industries in the second quarter valued at $105,000. Fiduciary Trust Co. purchased a new position in shares of Thor Industries in the second quarter valued at $133,000. Sigma Planning Corp purchased a new position in shares of Thor Industries in the third quarter valued at $202,000. Concorde Asset Management LLC purchased a new position in shares of Thor Industries in the third quarter valued at $211,000. Finally, Nine Chapters Capital Management LLC purchased a new position in shares of Thor Industries in the third quarter valued at $214,000. 88.63% of the stock is owned by institutional investors and hedge funds.
Thor Industries, Inc. (THO) traded down $0.75 during trading hours on Wednesday, reaching $149.40. The company had a trading volume of 597,100 shares, compared to its average volume of 705,657. The company has a market capitalization of $7,912.06, a price-to-earnings ratio of 18.70 and a beta of 1.45. Thor Industries, Inc. has a 12 month low of $87.96 and a 12 month high of $156.86. The company has a quick ratio of 0.91, a current ratio of 1.50 and a debt-to-equity ratio of 0.05.
Thor Industries (NYSE:THO) last posted its quarterly earnings data on Monday, November 27th. The construction company reported $2.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.59. Thor Industries had a return on equity of 27.76% and a net margin of 5.46%. The company had revenue of $2.23 billion during the quarter, compared to analyst estimates of $1.99 billion. During the same quarter last year, the company earned $1.49 earnings per share. The firm’s quarterly revenue was up 30.6% on a year-over-year basis. equities analysts predict that Thor Industries, Inc. will post 9.14 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 9th. Shareholders of record on Tuesday, December 26th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 0.99%. The ex-dividend date is Friday, December 22nd. Thor Industries’s dividend payout ratio (DPR) is currently 18.43%.
In other Thor Industries news, Director Alan Siegel sold 1,000 shares of Thor Industries stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $153.75, for a total transaction of $153,750.00. Following the completion of the sale, the director now owns 4,988 shares of the company’s stock, valued at $766,905. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Peter Busch Orthwein sold 2,784 shares of Thor Industries stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $115.00, for a total value of $320,160.00. Following the sale, the chairman now directly owns 1,396,352 shares of the company’s stock, valued at approximately $160,580,480. The disclosure for this sale can be found here. Insiders own 5.10% of the company’s stock.
Several equities analysts have recently weighed in on the company. Argus cut Thor Industries from a “buy” rating to a “hold” rating in a research report on Friday, December 8th. BMO Capital Markets lifted their price objective on Thor Industries to $150.00 and gave the company a “market perform” rating in a research note on Tuesday, November 28th. Robert W. Baird reissued a “buy” rating and set a $136.00 price objective on shares of Thor Industries in a research note on Wednesday, November 1st. Citigroup lifted their price objective on Thor Industries from $118.00 to $146.00 and gave the company a “buy” rating in a research note on Monday, October 2nd. Finally, Stifel Nicolaus reissued a “hold” rating and set a $114.00 price objective (up previously from $110.00) on shares of Thor Industries in a research note on Saturday, September 30th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. Thor Industries currently has a consensus rating of “Buy” and an average price target of $124.33.
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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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