Contravisory Investment Management Inc. acquired a new position in Thor Industries, Inc. (NYSE:THO) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,150 shares of the construction company’s stock, valued at approximately $107,000.
Other institutional investors have also added to or reduced their stakes in the company. CenterStar Asset Management LLC purchased a new stake in shares of Thor Industries in the 3rd quarter worth about $30,000. Braun Bostich & Associates Inc. lifted its holdings in Thor Industries by 474.0% in the 3rd quarter. Braun Bostich & Associates Inc. now owns 574 shares of the construction company’s stock valued at $55,000 after purchasing an additional 474 shares in the last quarter. Fifth Third Bancorp lifted its holdings in Thor Industries by 24.1% in the 3rd quarter. Fifth Third Bancorp now owns 1,103 shares of the construction company’s stock valued at $105,000 after purchasing an additional 214 shares in the last quarter. Robeco Institutional Asset Management B.V. purchased a new position in Thor Industries in the 3rd quarter valued at about $127,000. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its holdings in Thor Industries by 11.7% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,458 shares of the construction company’s stock valued at $139,000 after purchasing an additional 153 shares in the last quarter. Institutional investors and hedge funds own 95.32% of the company’s stock.
A number of research firms have issued reports on THO. Zacks Investment Research lowered shares of Thor Industries from a “buy” rating to a “hold” rating and set a $101.00 target price on the stock. in a report on Tuesday, December 1st. BidaskClub upgraded shares of Thor Industries from a “sell” rating to a “hold” rating in a report on Wednesday, December 23rd. Wedbush began coverage on shares of Thor Industries in a report on Tuesday, December 1st. They issued a “neutral” rating and a $107.00 target price on the stock. BMO Capital Markets upped their target price on shares of Thor Industries from $110.00 to $125.00 and gave the company an “outperform” rating in a report on Wednesday, December 9th. Finally, Northcoast Research raised shares of Thor Industries from a “neutral” rating to a “buy” rating and set a $110.00 price objective for the company in a research note on Friday, September 25th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $105.00.
Thor Industries (NYSE:THO) last posted its earnings results on Monday, December 7th. The construction company reported $2.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.46 by $0.59. The firm had revenue of $2.54 billion during the quarter, compared to the consensus estimate of $2.39 billion. Thor Industries had a net margin of 2.73% and a return on equity of 12.18%. The company’s revenue was up 17.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.50 EPS. On average, sell-side analysts predict that Thor Industries, Inc. will post 6.57 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 18th. Investors of record on Monday, January 4th will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Thursday, December 31st. Thor Industries’s dividend payout ratio (DPR) is presently 34.60%.
Thor Industries Company Profile
Thor Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. It offers travel trailers under the Airstream Classic, Globetrotter, International, Flying Cloud, Caravel, Bambi, and Basecamp trade names; Class B motorhomes under the Interstate and Atlas series, and Sequence and Tellaro trade names; and gasoline and diesel Class A and Class C motorhomes under the Four Winds, Freedom Elite, Majestic, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, and A.C.E trade names.
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