Granahan Investment Management Inc. MA Buys 6,612 Shares of Thor Industries, Inc. (THO)
Granahan Investment Management Inc. MA increased its stake in Thor Industries, Inc. (NYSE:THO) by 178.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 10,324 shares of the construction company’s stock after acquiring an additional 6,612 shares during the period. Granahan Investment Management Inc. MA’s holdings in Thor Industries were worth $1,300,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Caxton Associates LP purchased a new position in Thor Industries during the 3rd quarter valued at about $441,000. Oppenheimer Asset Management Inc. increased its holdings in Thor Industries by 3.2% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 85,345 shares of the construction company’s stock valued at $10,746,000 after purchasing an additional 2,678 shares during the period. Engineers Gate Manager LP purchased a new position in Thor Industries during the 3rd quarter valued at about $1,256,000. Financial Counselors Inc. increased its holdings in Thor Industries by 15.1% during the 3rd quarter. Financial Counselors Inc. now owns 12,607 shares of the construction company’s stock valued at $1,587,000 after purchasing an additional 1,657 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Thor Industries by 0.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 728,321 shares of the construction company’s stock valued at $91,697,000 after purchasing an additional 2,323 shares during the period. 88.63% of the stock is owned by institutional investors.
Thor Industries, Inc. (THO) traded up $1.68 during mid-day trading on Thursday, hitting $151.08. The company’s stock had a trading volume of 457,700 shares, compared to its average volume of 704,624. Thor Industries, Inc. has a 1 year low of $87.96 and a 1 year high of $156.86. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.50 and a quick ratio of 0.91. The stock has a market cap of $7,930.00, a P/E ratio of 18.60 and a beta of 1.45.
Thor Industries (NYSE:THO) last posted its earnings results on Monday, November 27th. The construction company reported $2.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.59. Thor Industries had a return on equity of 27.76% and a net margin of 5.46%. The firm had revenue of $2.23 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the prior year, the business earned $1.49 EPS. The business’s revenue for the quarter was up 30.6% on a year-over-year basis. research analysts forecast that Thor Industries, Inc. will post 9.14 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 9th. Shareholders of record on Tuesday, December 26th will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, December 22nd. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.98%. Thor Industries’s dividend payout ratio (DPR) is 18.43%.
A number of research analysts recently issued reports on the company. Stifel Nicolaus restated a “hold” rating on shares of Thor Industries in a report on Thursday, September 21st. Citigroup boosted their price target on Thor Industries from $118.00 to $146.00 and gave the company a “buy” rating in a report on Monday, October 2nd. Aegis assumed coverage on Thor Industries in a report on Monday, September 11th. They set a “hold” rating and a $113.00 price target on the stock. Zacks Investment Research upgraded Thor Industries from a “hold” rating to a “buy” rating and set a $122.00 price target on the stock in a report on Tuesday, September 5th. Finally, Canaccord Genuity restated a “buy” rating on shares of Thor Industries in a report on Friday, September 22nd. One research 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. The company presently has a consensus rating of “Buy” and an average target price of $124.33.
In related news, Chairman Peter Busch Orthwein sold 2,784 shares of the company’s stock in a transaction that occurred on 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 owns 1,396,352 shares in the company, valued at approximately $160,580,480. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alan Siegel sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $153.75, for a total value of $153,750.00. Following the completion of the sale, the director now owns 4,988 shares in the company, valued at approximately $766,905. The disclosure for this sale can be found here. 6.60% of the stock is currently owned by corporate insiders.
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About Thor Industries
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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