Thor Industries, Inc. (NYSE:THO) Stake Cut by Teachers Retirement System of The State of Kentucky
Teachers Retirement System of The State of Kentucky decreased its stake in shares of Thor Industries, Inc. (NYSE:THO) by 3.2% during the first quarter, Holdings Channel reports. The institutional investor owned 11,620 shares of the construction company’s stock after selling 380 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Thor Industries were worth $1,117,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in THO. Winslow Evans & Crocker Inc. bought a new position in shares of Thor Industries during the first quarter valued at about $154,000. Benjamin F. Edwards & Company Inc. boosted its position in shares of Thor Industries by 72.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,621 shares of the construction company’s stock valued at $156,000 after buying an additional 682 shares in the last quarter. Sandy Spring Bank boosted its position in shares of Thor Industries by 21.0% in the first quarter. Sandy Spring Bank now owns 1,670 shares of the construction company’s stock valued at $161,000 after buying an additional 290 shares in the last quarter. Atria Investments LLC boosted its stake in shares of Thor Industries by 6.1% in the first quarter. Atria Investments LLC now owns 2,219 shares of the construction company’s stock worth $213,000 after buying an additional 128 shares during the period. Finally, Deschutes Portfolio Strategy LLC acquired a new stake in shares of Thor Industries during the first quarter worth $226,000. Institutional investors own 90.55% of the company’s stock.
Shares of Thor Industries, Inc. (NYSE THO) opened at 105.44 on Monday. Thor Industries, Inc. has a 12-month low of $73.24 and a 12-month high of $115.74. The stock has a market cap of $5.54 billion, a PE ratio of 16.45 and a beta of 1.40. The stock’s 50 day moving average is $99.61 and its 200-day moving average is $100.54.
Thor Industries (NYSE:THO) last posted its quarterly earnings results on Monday, June 5th. The construction company reported $2.11 EPS for the quarter, beating the consensus estimate of $1.87 by $0.24. Thor Industries had a net margin of 5.11% and a return on equity of 24.83%. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.96 billion. During the same quarter in the previous year, the business posted $1.51 EPS. The company’s quarterly revenue was up 56.9% compared to the same quarter last year. Equities analysts expect that Thor Industries, Inc. will post $6.76 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 12th. Stockholders of record on Friday, June 23rd were issued a $0.33 dividend. The ex-dividend date of this dividend was Wednesday, June 21st. This represents a $1.32 annualized dividend and a dividend yield of 1.25%. Thor Industries’s dividend payout ratio is currently 20.63%.
A number of equities research analysts have weighed in on THO shares. SunTrust Banks, Inc. set a $125.00 price objective on shares of Thor Industries and gave the stock a “buy” rating in a report on Thursday, April 20th. Citigroup Inc. restated a “buy” rating and issued a $111.00 price objective (down previously from $117.00) on shares of Thor Industries in a report on Saturday, April 22nd. Zacks Investment Research upgraded shares of Thor Industries from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a report on Wednesday, May 10th. BMO Capital Markets restated a “market perform” rating and issued a $110.00 price objective (up previously from $97.00) on shares of Thor Industries in a report on Tuesday, June 6th. Finally, Off Wall Street started coverage on shares of Thor Industries in a report on Thursday, June 29th. They issued a “sell” rating and a $75.00 price objective on the stock. One analyst has rated the stock with a sell rating, two have given a hold rating and ten have issued a buy rating to the company’s stock. Thor Industries currently has an average rating of “Buy” and a consensus target price of $107.06.
In other news, Director Alan Siegel sold 1,000 shares of Thor Industries stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $109.45, for a total value of $109,450.00. Following the transaction, the director now owns 4,988 shares of the company’s stock, valued at approximately $545,936.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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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