Biltmore Wealth Management LLC decreased its position in shares of Thor Industries, Inc. (NYSE:THO) by 0.4% during the second quarter, Holdings Channel reports. The institutional investor owned 9,220 shares of the construction company’s stock after selling 37 shares during the period. Thor Industries comprises 1.1% of Biltmore Wealth Management LLC’s holdings, making the stock its 12th largest position. Biltmore Wealth Management LLC’s holdings in Thor Industries were worth $964,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Huntington National Bank increased its position in shares of Thor Industries by 82.0% in the second quarter. Huntington National Bank now owns 983 shares of the construction company’s stock valued at $103,000 after buying an additional 443 shares during the period. Winslow Evans & Crocker Inc. purchased a new position in shares of Thor Industries during the first quarter valued at approximately $154,000. Benjamin F. Edwards & Company Inc. increased its position in shares of Thor Industries by 72.6% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 1,621 shares of the construction company’s stock valued at $156,000 after buying an additional 682 shares during the period. Sandy Spring Bank increased its position in shares of Thor Industries by 21.0% in the first quarter. Sandy Spring Bank now owns 1,670 shares of the construction company’s stock valued at $161,000 after buying an additional 290 shares during the period. Finally, Parametrica Management Ltd purchased a new position in shares of Thor Industries during the second quarter valued at approximately $201,000. Institutional investors and hedge funds own 90.36% of the company’s stock.
Thor Industries, Inc. (NYSE:THO) opened at 101.70 on Friday. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 15.87 and a beta of 1.40. Thor Industries, Inc. has a 52-week low of $74.00 and a 52-week high of $115.74. The firm has a 50-day moving average of $105.08 and a 200-day moving average of $101.04.
Thor Industries (NYSE:THO) last released its earnings results on Monday, June 5th. The construction company reported $2.11 EPS for the quarter, beating the consensus estimate of $1.87 by $0.24. Thor Industries had a net margin of 5.11% and a return on equity of 24.83%. The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period last year, the firm earned $1.51 EPS. The business’s quarterly revenue was up 56.9% compared to the same quarter last year. On average, equities research analysts forecast that Thor Industries, Inc. will post $6.76 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 12th. Stockholders of record on Friday, June 23rd were paid a $0.33 dividend. The ex-dividend date was Wednesday, June 21st. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.30%. Thor Industries’s payout ratio is currently 20.63%.
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Several research analysts recently commented on the stock. Off Wall Street assumed coverage on shares of Thor Industries in a report on Thursday, June 29th. They issued a “sell” rating and a $75.00 target price on the stock. Zacks Investment Research upgraded shares of Thor Industries from a “hold” rating to a “buy” rating and set a $120.00 target price on the stock in a report on Saturday, June 24th. BidaskClub downgraded shares of Thor Industries from a “hold” rating to a “sell” rating in a report on Thursday, July 27th. BMO Capital Markets downgraded shares of Thor Industries from an “outperform” rating to a “market perform” rating in a report on Thursday, July 6th. Finally, Stifel Nicolaus assumed coverage on shares of Thor Industries in a report on Thursday, July 6th. They issued a “hold” rating and a $110.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $107.06.
In other news, Director Alan Siegel sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 28th. The shares were sold at an average price of $109.45, for a total value of $109,450.00. Following the sale, the director now directly owns 4,988 shares in the company, valued at approximately $545,936.60. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 6.60% of the company’s stock.
About Thor Industries
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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