Cullen Frost Bankers Inc. acquired a new stake in Thor Industries, Inc. (NYSE:THO) during the 1st quarter, HoldingsChannel.com reports. The institutional investor acquired 1,125 shares of the construction company’s stock, valued at approximately $70,000.

Other large investors also recently added to or reduced their stakes in the company. Copeland Capital Management LLC raised its position in Thor Industries by 18.4% in the fourth quarter. Copeland Capital Management LLC now owns 188,254 shares of the construction company’s stock valued at $9,789,000 after purchasing an additional 29,239 shares during the period. Raymond James & Associates raised its position in Thor Industries by 56.0% in the fourth quarter. Raymond James & Associates now owns 47,543 shares of the construction company’s stock valued at $2,472,000 after purchasing an additional 17,062 shares during the period. South Dakota Investment Council raised its position in Thor Industries by 184.3% in the fourth quarter. South Dakota Investment Council now owns 151,800 shares of the construction company’s stock valued at $7,894,000 after purchasing an additional 98,400 shares during the period. Thomas Story & Son LLC raised its position in Thor Industries by 30.8% in the fourth quarter. Thomas Story & Son LLC now owns 41,960 shares of the construction company’s stock valued at $2,182,000 after purchasing an additional 9,885 shares during the period. Finally, Oppenheimer & Co. Inc. raised its position in Thor Industries by 63.5% in the fourth quarter. Oppenheimer & Co. Inc. now owns 56,130 shares of the construction company’s stock valued at $2,919,000 after purchasing an additional 21,802 shares during the period. 86.32% of the stock is currently owned by institutional investors.

Shares of Thor Industries stock opened at $64.52 on Wednesday. The stock has a market cap of $3.64 billion, a PE ratio of 7.55, a price-to-earnings-growth ratio of 0.85 and a beta of 1.70. Thor Industries, Inc. has a 1-year low of $47.71 and a 1-year high of $109.94.

Thor Industries (NYSE:THO) last announced its earnings results on Wednesday, March 6th. The construction company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.23). The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.58 billion. Thor Industries had a net margin of 3.21% and a return on equity of 17.27%. The firm’s revenue was down 34.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.51 earnings per share. Sell-side analysts predict that Thor Industries, Inc. will post 5.55 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 18th. Stockholders of record on Thursday, April 4th were paid a dividend of $0.39 per share. The ex-dividend date was Wednesday, April 3rd. This represents a $1.56 annualized dividend and a dividend yield of 2.42%. Thor Industries’s dividend payout ratio is presently 18.25%.

Several research analysts have commented on the company. Zacks Investment Research raised Thor Industries from a “sell” rating to a “hold” rating in a research report on Thursday, March 28th. ValuEngine downgraded Thor Industries from a “sell” rating to a “strong sell” rating in a research note on Wednesday, March 20th. Jefferies Financial Group started coverage on Thor Industries in a research note on Thursday, March 28th. They set a “hold” rating and a $65.00 target price for the company. Finally, BMO Capital Markets downgraded Thor Industries from an “outperform” rating to a “market perform” rating and set a $63.00 target price for the company. in a research note on Monday, February 4th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $90.89.

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About Thor Industries

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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Institutional Ownership by Quarter for Thor Industries (NYSE:THO)

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