Chicago Equity Partners LLC purchased a new stake in shares of Thor Industries, Inc. (NYSE:THO) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 23,430 shares of the construction company’s stock, valued at approximately $3,531,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in THO. Sigma Planning Corp bought a new position in Thor Industries in the 3rd quarter worth $202,000. Indiana Trust & Investment Management CO bought a new position in Thor Industries in the 4th quarter worth $203,000. Guardian Capital LP bought a new position in Thor Industries in the 3rd quarter worth $204,000. Optimum Investment Advisors bought a new position in Thor Industries in the 3rd quarter worth $205,000. Finally, Concorde Asset Management LLC bought a new position in Thor Industries in the 3rd quarter worth $211,000. 88.80% of the stock is owned by institutional investors and hedge funds.
Thor Industries, Inc. (NYSE:THO) opened at $131.20 on Friday. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.50 and a quick ratio of 0.91. The stock has a market cap of $7,213.33, a PE ratio of 16.34 and a beta of 1.23. Thor Industries, Inc. has a 12 month low of $87.96 and a 12 month high of $161.48.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 9th. Investors of record on Tuesday, December 26th were paid a $0.37 dividend. The ex-dividend date was Friday, December 22nd. This represents a $1.48 annualized dividend and a dividend yield of 1.13%. Thor Industries’s payout ratio is 18.43%.
THO has been the subject of several research reports. Argus lowered shares of Thor Industries from a “buy” rating to a “hold” rating in a report on Friday, December 8th. BMO Capital Markets upped their price objective on shares of Thor Industries to $150.00 and gave the stock a “market perform” rating in a report on Tuesday, November 28th. Northcoast Research lowered shares of Thor Industries from a “buy” rating to a “neutral” rating and set a $150.00 price objective for the company. in a report on Friday, January 26th. ValuEngine upgraded shares of Thor Industries from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Finally, Robert W. Baird restated a “buy” rating and issued a $136.00 price objective on shares of Thor Industries in a report on Wednesday, November 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $125.64.
In related news, Director Alan Siegel sold 1,000 shares of the stock in a transaction dated Thursday, November 30th. The shares were sold at an average price of $153.75, for a total value of $153,750.00. Following the completion of the transaction, the director now directly owns 4,988 shares in the company, valued at approximately $766,905. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 6.60% of the stock is owned by company insiders.
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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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