Thor Industries, Inc. (NYSE:THO) Position removed by Shell Asset Management Co.
Shell Asset Management Co. reduced its stake in Thor Industries, Inc. (NYSE: THO – Get a rating) by 12.9% in the first quarter, according to its latest 13F filing with the Securities and Exchange Commission (SEC). The institutional investor held 8,061 shares of the construction company after selling 1,191 shares during the quarter. Shell Asset Management Co.’s holdings in Thor Industries were worth $634,000 at the end of the last reporting period.
Other institutional investors and hedge funds have also increased or reduced their stake in the company. Envestnet Asset Management Inc. increased its holdings in Thor Industries by 1.0% in the fourth quarter. Envestnet Asset Management Inc. now owns 229,514 shares of the construction company worth $23,817,000 after buying 2,177 additional shares last quarter. Bank of Montreal Can increased its holdings in Thor Industries by 17.3% in Q4. Bank of Montreal Can now owns 46,711 shares of the construction company worth $4,889,000 after buying an additional 6,884 shares last quarter. State Street Corp increased its stake in Thor Industries by 2.4% in the fourth quarter. State Street Corp now owns 1,409,914 shares of the construction company worth $146,911,000 after buying 32,662 more shares last quarter. Summit Global Investments increased its position in Thor Industries by 2.4% in the first quarter. Summit Global Investments now owns 17,330 shares of the construction company worth $1,364,000 after purchasing an additional 400 shares during the period. Finally, ClariVest Asset Management LLC acquired a new stake in Thor Industries in the fourth quarter worth approximately $2,885,000. 93.11% of the shares are held by institutional investors.
Insider Buying and Selling at Thor Industries
In other news, Director Peter Busch Orthwein bought 10,000 shares of the company in a trade on Friday, June 10. The shares were purchased at an average cost of $75.00 per share, with a total value of $750,000.00. As a result of the purchase, the administrator now directly owns 10,000 shares of the company, valued at $750,000. The transaction was disclosed in a legal filing with the SEC, available at the SEC website. In related news, the director Peter Busch Orthwein purchased 10,000 shares of the company in a trade dated Friday, June 10. The shares were acquired at an average cost of $75.00 per share, with a total value of $750,000.00. Following the completion of the purchase, the director now owns 10,000 shares of the company, valued at approximately $750,000. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available via the SEC website. Also, COO W. Todd Woelfer purchased 1,225 shares of the company in a trade dated Tuesday, July 12. The stock was purchased at an average price of $81.55 per share, for a total transaction of $99,898.75. Following the completion of the purchase, the COO now directly owns 70,325 shares of the company, valued at approximately $5,735,003.75. Disclosure of this purchase can be found here. Insiders have purchased a total of 14,225 shares of the company valued at $1,077,899 over the past three months. 4.30% of the shares are currently held by insiders of the company.
Thor Industries Price Performance
Shares of NYSE: THO opened at $84.28 on Tuesday. The company’s fifty-day moving average is $77.91 and its two-hundred-day moving average is $82.95. The company has a quick ratio of 0.82, a current ratio of 1.70 and a debt ratio of 0.58. Thor Industries, Inc. has a 12-month low of $66.26 and a 12-month high of $128.87. The company has a market capitalization of $4.60 billion, a P/E ratio of 4.31 and a beta of 1.72.
Thor Industries (NYSE: THO – Get a rating) last announced its results on Wednesday, June 8. The construction company reported earnings per share (EPS) of $6.32 for the quarter, beating the consensus estimate of $4.97 by $1.35. Thor Industries achieved a net margin of 6.76% and a return on equity of 34.04%. The company posted revenue of $4.66 billion for the quarter, versus a consensus estimate of $4.18 billion. During the same period of the previous year, the company achieved EPS of $3.29. The company’s revenue increased 34.6% year over year. Stock analysts expect Thor Industries, Inc. to post earnings per share of 19.16 for the current fiscal year.
Thor Industries Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Tuesday, July 19. Shareholders of record on Tuesday, July 5 received a dividend of $0.43 per share. This represents an annualized dividend of $1.72 and a yield of 2.04%. The ex-dividend date was Friday, July 1. Thor Industries’ dividend payout ratio (DPR) is currently 8.79%.
A Wall Street analyst gives his opinion
A number of equity research analysts have weighed in on the company. Robert W. Baird reduced his target price on Thor Industries from $120.00 to $100.00 and set an “outperform” rating for the company in a Thursday, June 9 research report. BMO Capital Markets reduced its target price on Thor Industries from $110.00 to $95.00 in a Monday, May 16 research report. StockNews.com upgraded Thor Industries from a “hold” rating to a “buy” rating in a Monday, July 25 research report. BNP Paribas downgraded Thor Industries from a “neutral” rating to an “underperforming” rating and set a target price of $65.00 for the company. in a Wednesday, April 13 research report. Finally, MKM Partners launched coverage on Thor Industries in a research report on Thursday, May 5. They issued a “neutral” rating and a target price of $89.00 for the company. Three equity research analysts gave the stock a sell rating, five gave the company a hold rating and three gave the company a buy rating. According to MarketBeat.com, Thor Industries currently has an average rating of “Hold” and an average target price of $86.11.
Profile of Thor Industries
Thor Industries, Inc designs, manufactures and sells recreational vehicles (RVs) and related parts and accessories in the United States, Canada and Europe. The company offers travel trailers; class A, class B and class C gasoline and diesel motorhomes; travel trailers and fifth wheels; deluxe fifth wheels; and motorhomes, caravans, motorhomes and urban vehicles.
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