New Jersey Better Educational Savings Trust lowered its position in Thor Industries, Inc. (NYSE:THO) by 16.7% during the second quarter, Holdings Channel reports. The institutional investor owned 5,000 shares of the construction company’s stock after selling 1,000 shares during the period. New Jersey Better Educational Savings Trust’s holdings in Thor Industries were worth $523,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Nisa Investment Advisors LLC boosted its position in Thor Industries by 130.4% in the first quarter. Nisa Investment Advisors LLC now owns 26,500 shares of the construction company’s stock worth $2,547,000 after buying an additional 15,000 shares in the last quarter. Somerset Trust Co raised its position in Thor Industries by 0.4% in the first quarter. Somerset Trust Co now owns 6,641 shares of the construction company’s stock valued at $639,000 after buying an additional 25 shares during the last quarter. Telemus Capital LLC purchased a new position in Thor Industries during the first quarter valued at about $288,000. First United Bank Trust raised its position in Thor Industries by 38.5% in the first quarter. First United Bank Trust now owns 7,394 shares of the construction company’s stock valued at $711,000 after buying an additional 2,055 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its position in Thor Industries by 2.5% in the first quarter. Louisiana State Employees Retirement System now owns 12,100 shares of the construction company’s stock valued at $1,163,000 after buying an additional 300 shares during the last quarter. Institutional investors and hedge funds own 90.36% of the company’s stock.

Shares of Thor Industries, Inc. (NYSE THO) opened at 103.39 on Thursday. Thor Industries, Inc. has a 52-week low of $74.00 and a 52-week high of $115.74. The firm has a market cap of $5.44 billion, a price-to-earnings ratio of 16.13 and a beta of 1.40. The firm has a 50-day moving average price of $105.23 and a 200-day moving average price of $101.03.

Thor Industries (NYSE:THO) last issued its earnings results on Monday, June 5th. The construction company reported $2.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.87 by $0.24. Thor Industries had a return on equity of 24.83% and a net margin of 5.11%. The company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.96 billion. During the same quarter in the prior year, the business earned $1.51 earnings per share. The company’s revenue was up 56.9% compared to the same quarter last year. Analysts predict that Thor Industries, Inc. will post $6.76 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 12th. Stockholders of record on Friday, June 23rd were given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend was Wednesday, June 21st. Thor Industries’s payout ratio is 20.63%.

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Several equities analysts recently issued reports on the company. Off Wall Street assumed coverage on Thor Industries in a research note on Thursday, June 29th. They set a “sell” rating and a $75.00 target price on the stock. Zacks Investment Research raised Thor Industries from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a research note on Saturday, June 24th. BidaskClub lowered Thor Industries from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. BMO Capital Markets lowered Thor Industries from an “outperform” rating to a “market perform” rating in a research note on Thursday, July 6th. Finally, Stifel Nicolaus assumed coverage on Thor Industries in a research note on Thursday, July 6th. They set a “hold” rating and a $110.00 target price on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. Thor Industries currently has an average rating of “Buy” and a consensus price target of $107.06.

In other news, Director Alan Siegel sold 1,000 shares of the company’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $103.19, for a total value of $103,190.00. Following the completion of the sale, the director now owns 5,988 shares of the company’s stock, valued at $617,901.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.60% of the stock is owned by corporate insiders.

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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