Raymond James & Associates decreased its holdings in Thor Industries, Inc. (NYSE:THO) by 11.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 96,415 shares of the construction company’s stock after selling 12,370 shares during the period. Raymond James & Associates owned about 0.18% of Thor Industries worth $14,532,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Jaffetilchin Investment Partners LLC raised its stake in Thor Industries by 45.1% in the fourth quarter. Jaffetilchin Investment Partners LLC now owns 12,905 shares of the construction company’s stock worth $1,945,000 after buying an additional 4,012 shares in the last quarter. Janney Capital Management LLC bought a new position in Thor Industries in the third quarter worth approximately $566,000. Caxton Associates LP bought a new position in Thor Industries in the third quarter worth approximately $441,000. The Manufacturers Life Insurance Company raised its stake in Thor Industries by 12.9% in the fourth quarter. The Manufacturers Life Insurance Company now owns 81,470 shares of the construction company’s stock worth $12,279,000 after buying an additional 9,310 shares in the last quarter. Finally, New Mexico Educational Retirement Board bought a new position in Thor Industries in the fourth quarter worth approximately $1,824,000. 85.28% of the stock is owned by institutional investors.
THO has been the subject of a number of recent research reports. Northcoast Research downgraded shares of Thor Industries from a “buy” rating to a “neutral” rating and set a $150.00 price objective for the company. in a research note on Friday, January 26th. ValuEngine raised shares of Thor Industries from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research lowered shares of Thor Industries from a “buy” rating to a “hold” rating in a report on Tuesday, February 6th. Argus lowered shares of Thor Industries from a “buy” rating to a “hold” rating in a report on Friday, December 8th. Finally, Aegis raised shares of Thor Industries from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a report on Thursday, March 8th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the stock. Thor Industries has an average rating of “Buy” and an average price target of $129.90.
Thor Industries stock opened at $119.66 on Thursday. The company has a quick ratio of 0.91, a current ratio of 1.63 and a debt-to-equity ratio of 0.05. Thor Industries, Inc. has a 1-year low of $87.96 and a 1-year high of $161.48. The stock has a market cap of $6,485.10, a price-to-earnings ratio of 14.11 and a beta of 1.26.
Thor Industries (NYSE:THO) last released its quarterly earnings results on Wednesday, March 7th. The construction company reported $1.92 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.81 by $0.11. The business had revenue of $1.97 billion for the quarter, compared to analyst estimates of $1.93 billion. Thor Industries had a net margin of 5.38% and a return on equity of 28.42%. The business’s revenue for the quarter was up 24.1% on a year-over-year basis. During the same period in the previous year, the company earned $1.23 earnings per share. sell-side analysts anticipate that Thor Industries, Inc. will post 9.37 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Friday, March 30th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend is Wednesday, March 28th. Thor Industries’s dividend payout ratio (DPR) is presently 17.81%.
ILLEGAL ACTIVITY NOTICE: “Raymond James & Associates Sells 12,370 Shares of Thor Industries, Inc. (THO)” was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another publication, it was copied illegally and republished in violation of US and international trademark & copyright legislation. The original version of this piece can be read at https://ledgergazette.com/2018/03/22/raymond-james-associates-sells-12370-shares-of-thor-industries-inc-tho.html.
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.
Receive News & Ratings for Thor Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thor Industries and related companies with MarketBeat.com's FREE daily email newsletter.