Raymond James Trust N.A. Trims Stake in Thor Industries, Inc. (THO)

Raymond James Trust N.A. reduced its position in Thor Industries, Inc. (NYSE:THO) by 25.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 2,583 shares of the construction company’s stock after selling 883 shares during the period. Raymond James Trust N.A.’s holdings in Thor Industries were worth $325,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of THO. UBS Asset Management Americas Inc. lifted its holdings in shares of Thor Industries by 4.6% in the 1st quarter. UBS Asset Management Americas Inc. now owns 31,696 shares of the construction company’s stock valued at $3,047,000 after purchasing an additional 1,402 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Thor Industries by 23.4% in the 1st quarter. Wellington Management Group LLP now owns 39,990 shares of the construction company’s stock valued at $3,844,000 after purchasing an additional 7,590 shares during the last quarter. Teachers Advisors LLC lifted its holdings in shares of Thor Industries by 7.4% in the 1st quarter. Teachers Advisors LLC now owns 160,932 shares of the construction company’s stock valued at $15,470,000 after purchasing an additional 11,122 shares during the last quarter. Legal & General Group Plc lifted its holdings in shares of Thor Industries by 52.8% in the 1st quarter. Legal & General Group Plc now owns 48,042 shares of the construction company’s stock valued at $4,619,000 after purchasing an additional 16,598 shares during the last quarter. Finally, Thrivent Financial For Lutherans lifted its holdings in shares of Thor Industries by 10.0% in the 1st quarter. Thrivent Financial For Lutherans now owns 8,950 shares of the construction company’s stock valued at $860,000 after purchasing an additional 810 shares during the last quarter. 89.50% of the stock is owned by institutional investors and hedge funds.

In other Thor Industries news, Chairman Peter Busch Orthwein sold 2,784 shares of the firm’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 transaction, the chairman now owns 1,396,352 shares of the company’s stock, valued at $160,580,480. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.60% of the company’s stock.

Shares of Thor Industries, Inc. (THO) opened at 134.96 on Friday. Thor Industries, Inc. has a 1-year low of $74.00 and a 1-year high of $135.04. The firm’s 50-day moving average price is $123.40 and its 200 day moving average price is $106.71. The stock has a market capitalization of $7.10 billion, a P/E ratio of 19.04 and a beta of 1.37.

Thor Industries (NYSE:THO) last issued its earnings results on Wednesday, September 27th. The construction company reported $2.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.95 by $0.31. Thor Industries had a net margin of 5.16% and a return on equity of 26.04%. The firm had revenue of $1.93 billion for the quarter, compared to analysts’ expectations of $1.83 billion. During the same quarter last year, the company posted $1.57 earnings per share. Thor Industries’s revenue was up 49.7% on a year-over-year basis. Analysts expect that Thor Industries, Inc. will post $8.20 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 7th. Shareholders of record on Tuesday, October 24th will be issued a $0.37 dividend. The ex-dividend date is Monday, October 23rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.10%. This is a boost from Thor Industries’s previous quarterly dividend of $0.33. Thor Industries’s dividend payout ratio (DPR) is currently 20.87%.

THO has been the subject of several research reports. Zacks Investment Research raised Thor Industries from a “hold” rating to a “buy” rating and set a $122.00 target price for the company in a report on Tuesday, September 5th. BMO Capital Markets downgraded Thor Industries from an “outperform” rating to a “market perform” rating in a report on Thursday, July 6th. Aegis initiated coverage on Thor Industries in a report on Monday, September 11th. They issued a “hold” rating and a $113.00 target price for the company. Stifel Nicolaus reissued a “hold” rating on shares of Thor Industries in a report on Wednesday, August 16th. Finally, Robert W. Baird reissued a “buy” rating and issued a $120.00 target price on shares of Thor Industries in a report on Friday, September 8th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and ten have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $119.74.

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Thor Industries 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.

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

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