OppenheimerFunds Inc. lessened its stake in Thor Industries, Inc. (NYSE:THO) by 7.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 76,862 shares of the construction company’s stock after selling 6,495 shares during the period. OppenheimerFunds Inc. owned about 0.15% of Thor Industries worth $7,485,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in THO. WESCAP Management Group Inc. grew its stake in shares of Thor Industries by 3.1% in the 2nd quarter. WESCAP Management Group Inc. now owns 18,808 shares of the construction company’s stock worth $1,831,000 after buying an additional 565 shares during the last quarter. Cim LLC grew its stake in shares of Thor Industries by 19.2% in the 2nd quarter. Cim LLC now owns 3,717 shares of the construction company’s stock worth $362,000 after buying an additional 598 shares during the last quarter. Amalgamated Bank grew its stake in shares of Thor Industries by 6.5% in the 1st quarter. Amalgamated Bank now owns 11,050 shares of the construction company’s stock worth $1,273,000 after buying an additional 676 shares during the last quarter. Benjamin F. Edwards & Company Inc. grew its stake in shares of Thor Industries by 28.9% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,340 shares of the construction company’s stock worth $325,000 after buying an additional 749 shares during the last quarter. Finally, Investec Asset Management LTD grew its stake in shares of Thor Industries by 2.0% in the 2nd quarter. Investec Asset Management LTD now owns 39,174 shares of the construction company’s stock worth $3,815,000 after buying an additional 781 shares during the last quarter. 87.93% of the stock is owned by institutional investors.
Several analysts recently weighed in on THO shares. Zacks Investment Research upgraded Thor Industries from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. ValuEngine cut Thor Industries from a “sell” rating to a “strong sell” rating in a research report on Monday, July 2nd. Northcoast Research reaffirmed a “buy” rating on shares of Thor Industries in a research report on Friday, August 17th. Citigroup lowered their price objective on Thor Industries from $150.00 to $130.00 and set a “buy” rating on the stock in a research report on Thursday, June 21st. Finally, Sidoti lowered their price objective on Thor Industries from $148.00 to $144.00 and set a “buy” rating on the stock in a research report on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. Thor Industries has an average rating of “Buy” and an average price target of $124.43.
THO stock traded up $1.35 during midday trading on Friday, hitting $80.47. The company’s stock had a trading volume of 853,311 shares, compared to its average volume of 1,070,403. The stock has a market capitalization of $4.41 billion, a PE ratio of 9.41 and a beta of 1.27. The company has a current ratio of 1.71, a quick ratio of 1.01 and a debt-to-equity ratio of 0.04. Thor Industries, Inc. has a 12 month low of $77.69 and a 12 month high of $161.48.
Thor Industries (NYSE:THO) last released its quarterly earnings results on Thursday, September 20th. The construction company reported $1.67 earnings per share for the quarter, missing the consensus estimate of $2.03 by ($0.36). The firm had revenue of $1.87 billion for the quarter, compared to the consensus estimate of $1.85 billion. Thor Industries had a net margin of 5.16% and a return on equity of 24.97%. Thor Industries’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the company earned $2.26 earnings per share. On average, research analysts predict that Thor Industries, Inc. will post 8.38 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, November 9th. Stockholders of record on Thursday, October 25th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 1.94%. This is a boost from Thor Industries’s previous quarterly dividend of $0.37. The ex-dividend date is Wednesday, October 24th. Thor Industries’s dividend payout ratio is presently 17.31%.
Thor Industries declared that its board has authorized a stock repurchase plan on Wednesday, June 20th that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the construction company to purchase up to 4.8% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board of directors believes its shares are undervalued.
In other news, Director James L. Ziemer purchased 5,000 shares of the stock in a transaction dated Tuesday, October 9th. The shares were purchased at an average cost of $81.74 per share, with a total value of $408,700.00. Following the acquisition, the director now directly owns 14,000 shares of the company’s stock, valued at $1,144,360. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 5.10% of the stock is owned by corporate insiders.
Thor Industries Company Profile
Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles, and related parts and accessories primarily in the United States and Canada. It operates through Towable Recreational Vehicles and Motorized Recreational Vehicles segments. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, and Basecamp trade names, as well as Interstate series of Class B motorhomes; gasoline and diesel Class A and Class C motorhomes under the Four Winds, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, A.C.E., Alante, Precept, Greyhawk, and Redhawk trade names; and luxury Class A motorhomes under Insignia, Aspire, Anthem, and Cornerstone trade names.
Featured Story: How is the S&P 500 index different from the DJIA?
Receive News & Ratings for Thor Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thor Industries and related companies with MarketBeat.com's FREE daily email newsletter.