Thor Industries, Inc. (THO) Position Cut by Bluestein R H & Co.

Bluestein R H & Co. trimmed its holdings in Thor Industries, Inc. (NYSE:THO) by 74.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,625 shares of the construction company’s stock after selling 16,425 shares during the quarter. Bluestein R H & Co.’s holdings in Thor Industries were worth $708,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. boosted its stake in Thor Industries by 8.7% during the 2nd quarter. BlackRock Inc. now owns 4,122,123 shares of the construction company’s stock valued at $430,843,000 after purchasing an additional 329,996 shares in the last quarter. Vanguard Group Inc. boosted its stake in Thor Industries by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 4,042,036 shares of the construction company’s stock valued at $422,474,000 after purchasing an additional 48,345 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Thor Industries by 3.5% during the 3rd quarter. Wells Fargo & Company MN now owns 1,370,856 shares of the construction company’s stock valued at $172,604,000 after purchasing an additional 46,011 shares in the last quarter. Janus Henderson Group PLC bought a new position in Thor Industries during the 2nd quarter valued at $128,458,000. Finally, Victory Capital Management Inc. boosted its stake in Thor Industries by 8.8% during the 2nd quarter. Victory Capital Management Inc. now owns 1,054,269 shares of the construction company’s stock valued at $110,192,000 after purchasing an additional 85,581 shares in the last quarter. 88.63% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have issued reports on THO. BMO Capital Markets increased their price target on Thor Industries to $150.00 and gave the company a “market perform” rating in a research note on Tuesday, November 28th. 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. Citigroup increased their price target on Thor Industries from $118.00 to $146.00 and gave the company a “buy” rating in a research note on Monday, October 2nd. Stifel Nicolaus reaffirmed a “hold” rating and set a $114.00 price target (up from $110.00) on shares of Thor Industries in a research note on Saturday, September 30th. Finally, Aegis reaffirmed a “hold” rating and set a $130.00 price target (up from $113.00) on shares of Thor Industries in a research note on Saturday, September 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $124.33.

In other news, Chairman Peter Busch Orthwein sold 2,784 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $115.00, for a total transaction of $320,160.00. Following the completion of the sale, the chairman now owns 1,396,352 shares in the company, valued at approximately $160,580,480. The sale was disclosed in a legal 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 on Thursday, November 30th. The shares were sold at an average price of $153.75, for a total value of $153,750.00. Following the sale, the director now owns 4,988 shares of the company’s stock, valued at approximately $766,905. The disclosure for this sale can be found here. 5.10% of the stock is currently owned by corporate insiders.

Shares of Thor Industries, Inc. (NYSE THO) traded down $2.92 during trading hours on Tuesday, hitting $148.67. The stock had a trading volume of 848,100 shares, compared to its average volume of 710,570. Thor Industries, Inc. has a one year low of $87.96 and a one year high of $156.86. The firm has a market cap of $7,830.00, a P/E ratio of 18.88 and a beta of 1.45. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.50 and a quick ratio of 0.91.

Thor Industries (NYSE:THO) last announced its quarterly earnings data on Monday, November 27th. The construction company reported $2.43 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.59. Thor Industries had a return on equity of 27.76% and a net margin of 5.46%. The company had revenue of $2.23 billion during the quarter, compared to the consensus estimate of $1.99 billion. During the same quarter in the prior year, the firm earned $1.49 EPS. The company’s quarterly revenue was up 30.6% compared to the same quarter last year. research analysts expect that Thor Industries, Inc. will post 8.95 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, November 7th. Stockholders of record on Tuesday, October 24th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend was Monday, October 23rd. This is an increase from Thor Industries’s previous quarterly dividend of $0.33. Thor Industries’s dividend payout ratio is 18.43%.

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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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