Concorde Asset Management LLC acquired a new stake in shares of Thor Industries, Inc. (NYSE:THO) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,674 shares of the construction company’s stock, valued at approximately $211,000.

Several other institutional investors also recently added to or reduced their stakes in THO. Wellington Management Group LLP raised its position in shares of Thor Industries by 23.4% during the first quarter. Wellington Management Group LLP now owns 39,990 shares of the construction company’s stock valued at $3,844,000 after buying an additional 7,590 shares during the last quarter. Teachers Advisors LLC raised its position in shares of Thor Industries by 7.4% during the first quarter. Teachers Advisors LLC now owns 160,932 shares of the construction company’s stock valued at $15,470,000 after buying an additional 11,122 shares during the last quarter. Thrivent Financial For Lutherans raised its position in shares of Thor Industries by 10.0% during the first quarter. Thrivent Financial For Lutherans now owns 8,950 shares of the construction company’s stock valued at $860,000 after buying an additional 810 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Thor Industries by 9.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 211,972 shares of the construction company’s stock valued at $20,377,000 after buying an additional 18,422 shares during the last quarter. Finally, State Street Corp raised its position in shares of Thor Industries by 5.0% during the first quarter. State Street Corp now owns 1,320,280 shares of the construction company’s stock valued at $126,925,000 after buying an additional 62,855 shares during the last quarter. Hedge funds and other institutional investors own 91.61% of the company’s stock.

In other Thor Industries news, Chairman Peter Busch Orthwein sold 2,784 shares of Thor Industries stock in a transaction on Monday, September 18th. The shares were 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 6.60% of the stock is owned by insiders.

Shares of Thor Industries, Inc. (THO) traded down $0.55 on Friday, reaching $136.27. 346,681 shares of the company traded hands, compared to its average volume of 757,400. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.51 and a quick ratio of 0.92. Thor Industries, Inc. has a 12 month low of $74.00 and a 12 month high of $138.07. The company has a market capitalization of $7.18 billion, a PE ratio of 19.28 and a beta of 1.42.

Thor Industries (NYSE:THO) last announced its quarterly earnings results on Wednesday, September 27th. The construction company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $1.95 by $0.31. The company had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.83 billion. Thor Industries had a net margin of 5.16% and a return on equity of 26.04%. Thor Industries’s quarterly revenue was up 49.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.57 earnings per share. analysts anticipate that Thor Industries, Inc. will post 8.14 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, November 7th. Shareholders of record on Tuesday, October 24th will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.09%. This is a positive change from Thor Industries’s previous quarterly dividend of $0.33. The ex-dividend date is Monday, October 23rd. Thor Industries’s payout ratio is presently 20.87%.

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Several research firms have recently issued reports on THO. Robert W. Baird reiterated a “buy” rating and set a $136.00 price objective on shares of Thor Industries in a research report on Wednesday. Canaccord Genuity reiterated a “buy” rating on shares of Thor Industries in a research report on Friday, September 22nd. Stifel Nicolaus reiterated a “hold” rating on shares of Thor Industries in a research report on Thursday, September 21st. BMO Capital Markets reiterated a “hold” rating and set a $110.00 price objective on shares of Thor Industries in a research report on Friday, September 1st. Finally, Zacks Investment Research cut shares of Thor Industries from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and ten have given a buy rating to the company. The company has an average rating of “Buy” and an average target price 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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Institutional Ownership by Quarter for Thor Industries (NYSE:THO)

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