Keybank National Association OH cut its position in shares of Thor Industries, Inc. (NYSE:THO) by 16.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,418 shares of the construction company’s stock after selling 3,170 shares during the period. Keybank National Association OH’s holdings in Thor Industries were worth $2,475,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its position in shares of Thor Industries by 3.5% during the third 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 during the period. Swedbank bought a new stake in shares of Thor Industries during the third quarter valued at approximately $129,759,000. Point72 Asset Management L.P. increased its position in shares of Thor Industries by 2.8% during the third quarter. Point72 Asset Management L.P. now owns 870,766 shares of the construction company’s stock valued at $109,638,000 after purchasing an additional 23,724 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Thor Industries by 1.4% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 840,059 shares of the construction company’s stock valued at $105,773,000 after purchasing an additional 11,841 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Thor Industries by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 728,321 shares of the construction company’s stock valued at $91,697,000 after purchasing an additional 2,323 shares during the period. Institutional investors and hedge funds own 88.55% of the company’s stock.
Shares of Thor Industries, Inc. (THO) opened at $124.83 on Monday. 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 company has a market capitalization of $6,580.00, a price-to-earnings ratio of 15.55 and a beta of 1.23. Thor Industries, Inc. has a one year low of $87.96 and a one year high of $161.48.
Thor Industries (NYSE:THO) last announced its quarterly earnings results on Monday, November 27th. The construction company reported $2.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.84 by $0.59. The business had revenue of $2.23 billion for 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%. Thor Industries’s quarterly revenue was up 30.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.49 EPS. equities analysts forecast that Thor Industries, Inc. will post 9.1 earnings per share for the current year.
A number of analysts have recently issued reports on THO shares. Robert W. Baird restated a “buy” rating and set a $136.00 price objective on shares of Thor Industries in a research report on Wednesday, November 1st. Northcoast Research cut Thor Industries from a “buy” rating to a “neutral” rating and set a $150.00 price objective on the stock. in a research report on Friday, January 26th. BMO Capital Markets boosted 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. ValuEngine raised Thor Industries from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Finally, Argus lowered Thor Industries from a “buy” rating to a “hold” rating in a research note on Friday, December 8th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and seven have issued a buy rating to the company’s stock. Thor Industries presently has a consensus rating of “Hold” and an average target price of $127.27.
In other Thor Industries news, Director Alan Siegel sold 1,000 shares of the business’s stock in a transaction on Thursday, November 30th. The stock was sold at an average price of $153.75, for a total value of $153,750.00. Following the transaction, the director now owns 4,988 shares of the company’s stock, valued at $766,905. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 6.60% of the stock is currently owned by insiders.
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Thor Industries Company 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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