Thor Industries, Inc. (THO) Shares Sold by Allianz Asset Management GmbH

Allianz Asset Management GmbH lessened its position in Thor Industries, Inc. (NYSE:THO) by 21.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 471,946 shares of the construction company’s stock after selling 126,564 shares during the quarter. Allianz Asset Management GmbH owned 0.89% of Thor Industries worth $39,502,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in THO. American Century Companies Inc. increased its stake in Thor Industries by 7,840.5% in the third quarter. American Century Companies Inc. now owns 919,903 shares of the construction company’s stock valued at $76,996,000 after acquiring an additional 908,318 shares during the last quarter. Swedbank increased its stake in Thor Industries by 28.9% in the third quarter. Swedbank now owns 3,330,200 shares of the construction company’s stock valued at $278,738,000 after acquiring an additional 747,200 shares during the last quarter. LSV Asset Management increased its stake in Thor Industries by 181.7% in the third quarter. LSV Asset Management now owns 1,025,970 shares of the construction company’s stock valued at $85,873,000 after acquiring an additional 661,709 shares during the last quarter. Renaissance Technologies LLC increased its stake in Thor Industries by 808.7% in the second quarter. Renaissance Technologies LLC now owns 386,200 shares of the construction company’s stock valued at $37,612,000 after acquiring an additional 343,700 shares during the last quarter. Finally, Schroder Investment Management Group increased its stake in Thor Industries by 623.6% in the second quarter. Schroder Investment Management Group now owns 390,000 shares of the construction company’s stock valued at $37,853,000 after acquiring an additional 336,100 shares during the last quarter. 90.58% of the stock is currently owned by institutional investors and hedge funds.

NYSE THO opened at $67.81 on Friday. The company has a quick ratio of 1.01, a current ratio of 1.71 and a debt-to-equity ratio of 0.04. Thor Industries, Inc. has a 12-month low of $63.48 and a 12-month high of $161.48. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 7.93 and a beta of 1.42.

Thor Industries (NYSE:THO) last posted its quarterly earnings results on Thursday, September 20th. The construction company reported $1.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.03 by ($0.36). Thor Industries had a net margin of 5.16% and a return on equity of 24.97%. The business had revenue of $1.87 billion for the quarter, compared to analysts’ expectations of $1.85 billion. During the same quarter in the previous year, the company earned $2.26 earnings per share. The business’s quarterly revenue was down 3.2% on a year-over-year basis. Sell-side analysts predict that Thor Industries, Inc. will post 8 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 9th. Shareholders of record on Thursday, October 25th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 2.30%. This is a positive change from Thor Industries’s previous quarterly dividend of $0.37. The ex-dividend date was Wednesday, October 24th. Thor Industries’s dividend payout ratio is presently 18.25%.

In other Thor Industries news, Director James L. Ziemer purchased 5,000 shares of the business’s stock in a transaction on Tuesday, October 9th. The stock was acquired at an average cost of $81.74 per share, for a total transaction of $408,700.00. Following the completion of the transaction, the director now directly owns 14,000 shares in the company, valued at approximately $1,144,360. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 4.20% of the company’s stock.

A number of research analysts recently commented on THO shares. Sidoti reduced their target price on Thor Industries from $148.00 to $144.00 and set a “buy” rating on the stock in a research note on Friday, August 10th. Zacks Investment Research raised Thor Industries from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. Northcoast Research reissued a “buy” rating on shares of Thor Industries in a research note on Friday, August 17th. ValuEngine raised Thor Industries from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 19th. Finally, Citigroup reduced their target price on Thor Industries from $130.00 to $102.00 and set a “buy” rating on the stock in a research note on Thursday, October 4th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $118.57.

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About Thor Industries

Thor Industries, Inc, through its subsidiaries, designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories primarily in the United States and Canada. It operates in two segments, Towable Recreational Vehicles and Motorized Recreational Vehicles. The company offers travel trailers under the Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, Basecamp, and Nest travel trade names, as well as Interstate series of Class B motorhomes; and gasoline and diesel Class A and Class C motorhomes under the Four Winds, Freedom Elite, Majestic, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, and A.C.E trade names.

Read More: Stock Split

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

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