JPMorgan Chase & Co. trimmed its holdings in Thor Industries, Inc. (NYSE:THO) by 5.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 919,742 shares of the construction company’s stock after selling 52,671 shares during the quarter. JPMorgan Chase & Co. owned about 1.75% of Thor Industries worth $113,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Russell Investments Group Ltd. raised its stake in Thor Industries by 4.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 83,622 shares of the construction company’s stock worth $8,742,000 after buying an additional 3,824 shares during the period. Bessemer Group Inc. raised its stake in Thor Industries by 8.6% during the 2nd quarter. Bessemer Group Inc. now owns 6,951 shares of the construction company’s stock worth $727,000 after buying an additional 551 shares during the period. Barnett & Company Inc. raised its stake in Thor Industries by 0.9% during the 2nd quarter. Barnett & Company Inc. now owns 10,740 shares of the construction company’s stock worth $1,123,000 after buying an additional 100 shares during the period. World Asset Management Inc raised its stake in Thor Industries by 0.8% during the 2nd quarter. World Asset Management Inc now owns 3,751 shares of the construction company’s stock worth $392,000 after buying an additional 29 shares during the period. Finally, Sei Investments Co. raised its stake in Thor Industries by 8.6% during the 2nd quarter. Sei Investments Co. now owns 85,328 shares of the construction company’s stock worth $8,919,000 after buying an additional 6,786 shares during the period. 88.63% of the stock is currently owned by institutional investors.
A number of research analysts recently weighed in on the company. Robert W. Baird reaffirmed a “buy” rating and set a $136.00 price target on shares of Thor Industries in a research note on Wednesday, November 1st. Canaccord Genuity reaffirmed a “buy” rating on shares of Thor Industries in a research note on Friday, September 22nd. Stifel Nicolaus reaffirmed a “hold” rating on shares of Thor Industries in a research note on Thursday, September 21st. BMO Capital Markets reaffirmed a “hold” rating and set a $110.00 price target on shares of Thor Industries in a research note on Friday, September 1st. Finally, Zacks Investment Research downgraded Thor Industries from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 8th. One equities 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’s stock. The company has a consensus rating of “Buy” and a consensus price target of $124.33.
Thor Industries (NYSE:THO) last issued its quarterly earnings data on Monday, November 27th. The construction company reported $2.43 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.59. The firm had revenue of $2.23 billion during the quarter, compared to analyst estimates of $1.99 billion. Thor Industries had a return on equity of 27.76% and a net margin of 5.46%. The company’s revenue for the quarter was up 30.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.49 EPS. analysts expect that Thor Industries, Inc. will post 8.95 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 7th. Shareholders of record on Tuesday, October 24th were issued a dividend of $0.37 per share. This is a positive change from Thor Industries’s previous quarterly dividend of $0.33. 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. Thor Industries’s payout ratio is currently 18.43%.
In other news, Chairman Peter Busch Orthwein sold 2,784 shares of the company’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $115.00, for a total value of $320,160.00. Following the completion of the transaction, the chairman now directly owns 1,396,352 shares of the company’s stock, valued at $160,580,480. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 5.10% of the company’s stock.
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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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