Sei Investments Co. Lowers Position in Thor Industries, Inc. (NYSE:THO)

Sei Investments Co. reduced its stake in Thor Industries, Inc. (NYSE:THO) by 20.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 68,277 shares of the construction company’s stock after selling 17,051 shares during the quarter. Sei Investments Co. owned 0.13% of Thor Industries worth $8,597,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Huntington National Bank raised its holdings in shares of Thor Industries by 82.0% in the 2nd quarter. Huntington National Bank now owns 983 shares of the construction company’s stock valued at $103,000 after purchasing an additional 443 shares in the last quarter. Penserra Capital Management LLC purchased a new position in shares of Thor Industries in the 2nd quarter valued at $104,000. Sterling Investment Advisors Ltd. purchased a new position in shares of Thor Industries in the 2nd quarter valued at $105,000. Fiduciary Trust Co. purchased a new position in shares of Thor Industries in the 2nd quarter valued at $133,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in Thor Industries by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,735 shares of the construction company’s stock worth $181,000 after purchasing an additional 151 shares during the last quarter. Hedge funds and other institutional investors own 88.63% of the company’s stock.

Several brokerages have recently weighed in on THO. Stifel Nicolaus reaffirmed a “hold” rating on shares of Thor Industries in a report on Thursday, September 21st. Citigroup raised their price objective on shares of Thor Industries from $118.00 to $146.00 and gave the company a “buy” rating in a research note on Monday, October 2nd. Aegis began coverage on shares of Thor Industries in a research report on Monday, September 11th. They set a “hold” rating and a $113.00 target price for the company. Zacks Investment Research upgraded shares of Thor Industries from a “hold” rating to a “buy” rating and set a $122.00 target price for the company in a research report on Tuesday, September 5th. Finally, Canaccord Genuity reiterated 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, four have assigned a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $124.33.

In other Thor Industries news, Chairman Peter Busch Orthwein sold 2,784 shares of the company’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $115.00, for a total value of $320,160.00. Following the completion of the sale, the chairman now directly owns 1,396,352 shares of the company’s stock, valued at approximately $160,580,480. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alan Siegel sold 1,000 shares of the stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $153.75, for a total transaction of $153,750.00. Following the completion of the sale, the director now directly owns 4,988 shares of the company’s stock, valued at $766,905. The disclosure for this sale can be found here. Corporate insiders own 6.60% of the company’s stock.

Thor Industries, Inc. (NYSE:THO) traded up $2.98 on Thursday, reaching $151.49. 421,428 shares of the company traded hands, compared to its average volume of 708,622. The firm has a market capitalization of $7,902.05, a PE ratio of 18.67 and a beta of 1.45. The company has a quick ratio of 0.91, a current ratio of 1.50 and a debt-to-equity ratio of 0.05. Thor Industries, Inc. has a 1 year low of $87.96 and a 1 year high of $156.86.

Thor Industries (NYSE:THO) last issued its earnings results on Monday, November 27th. The construction company reported $2.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.84 by $0.59. The company had revenue of $2.23 billion for the quarter, compared to analysts’ expectations of $1.99 billion. Thor Industries had a net margin of 5.46% and a return on equity of 27.76%. The firm’s revenue was up 30.6% compared to the same quarter last year. During the same period in the prior year, the company earned $1.49 earnings per share. sell-side analysts predict that Thor Industries, Inc. will post 8.95 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, November 7th. Investors of record on Tuesday, October 24th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend was Monday, October 23rd. This is a positive change from Thor Industries’s previous quarterly dividend of $0.33. Thor Industries’s dividend payout ratio is currently 18.43%.

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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.

Institutional Ownership by Quarter for Thor Industries (NYSE:THO)

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