Dearborn Partners LLC Buys Shares of 4,067 Thor Industries, Inc. (THO)

Dearborn Partners LLC bought a new position in Thor Industries, Inc. (NYSE:THO) in the 1st quarter, HoldingsChannel reports. The institutional investor bought 4,067 shares of the construction company’s stock, valued at approximately $254,000.

Several other large investors have also recently made changes to their positions in THO. FTB Advisors Inc. raised its position in shares of Thor Industries by 155.6% in the 4th quarter. FTB Advisors Inc. now owns 570 shares of the construction company’s stock worth $29,000 after acquiring an additional 347 shares in the last quarter. Patten Group Inc. raised its position in shares of Thor Industries by 40.0% in the 4th quarter. Patten Group Inc. now owns 560 shares of the construction company’s stock worth $29,000 after acquiring an additional 160 shares in the last quarter. Resources Investment Advisors Inc. bought a new position in shares of Thor Industries in the 4th quarter worth approximately $30,000. Private Capital Group LLC raised its position in shares of Thor Industries by 56.1% in the 4th quarter. Private Capital Group LLC now owns 584 shares of the construction company’s stock worth $31,000 after acquiring an additional 210 shares in the last quarter. Finally, Exane Derivatives bought a new position in shares of Thor Industries in the 4th quarter worth approximately $33,000. 86.97% of the stock is owned by hedge funds and other institutional investors.

Thor Industries stock opened at $64.99 on Friday. The company has a market capitalization of $3.56 billion, a P/E ratio of 7.60, a P/E/G ratio of 0.84 and a beta of 1.70. Thor Industries, Inc. has a twelve month low of $47.71 and a twelve month high of $109.94.

Thor Industries (NYSE:THO) last posted its quarterly earnings results on Wednesday, March 6th. The construction company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.23). The company had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.58 billion. Thor Industries had a return on equity of 17.27% and a net margin of 3.21%. The business’s quarterly revenue was down 34.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.51 EPS. As a group, analysts forecast that Thor Industries, Inc. will post 5.63 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, April 18th. Investors of record on Thursday, April 4th were paid a $0.39 dividend. The ex-dividend date of this dividend was Wednesday, April 3rd. This represents a $1.56 annualized dividend and a dividend yield of 2.40%. Thor Industries’s payout ratio is currently 18.25%.

THO has been the subject of several research reports. ValuEngine raised Thor Industries from a “strong sell” rating to a “sell” rating in a research report on Tuesday, January 15th. Zacks Investment Research raised Thor Industries from a “hold” rating to a “buy” rating and set a $74.00 target price for the company in a research report on Friday, February 15th. BMO Capital Markets lowered Thor Industries from an “outperform” rating to a “market perform” rating and set a $63.00 target price for the company. in a research report on Monday, February 4th. Jefferies Financial Group initiated coverage on Thor Industries in a research report on Thursday, March 28th. They issued a “hold” rating and a $65.00 target price for the company. Finally, Bank of America initiated coverage on Thor Industries in a research report on Tuesday, March 26th. They issued an “underperform” rating and a $62.00 target price for the company. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the stock. Thor Industries currently has a consensus rating of “Hold” and a consensus price target of $90.89.

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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.

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

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