Guggenheim Capital LLC Reduces Position in Thor Industries, Inc. (THO)

Guggenheim Capital LLC cut its position in shares of Thor Industries, Inc. (NYSE:THO) by 5.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 79,910 shares of the construction company’s stock after selling 4,339 shares during the quarter. Guggenheim Capital LLC owned about 0.15% of Thor Industries worth $9,202,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bluestein R H & Co. boosted its holdings in Thor Industries by 7.1% in the fourth quarter. Bluestein R H & Co. now owns 6,025 shares of the construction company’s stock worth $908,000 after acquiring an additional 400 shares in the last quarter. Amalgamated Bank boosted its holdings in Thor Industries by 5.5% in the fourth quarter. Amalgamated Bank now owns 10,374 shares of the construction company’s stock worth $1,564,000 after acquiring an additional 544 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in Thor Industries by 9.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 6,890 shares of the construction company’s stock worth $1,039,000 after acquiring an additional 579 shares in the last quarter. Atria Investments LLC boosted its holdings in Thor Industries by 20.8% in the first quarter. Atria Investments LLC now owns 3,976 shares of the construction company’s stock worth $458,000 after acquiring an additional 684 shares in the last quarter. Finally, Coyle Financial Counsel LLC boosted its holdings in Thor Industries by 4.6% in the first quarter. Coyle Financial Counsel LLC now owns 16,071 shares of the construction company’s stock worth $1,851,000 after acquiring an additional 714 shares in the last quarter. Institutional investors own 88.68% of the company’s stock.

Several equities research analysts have commented on THO shares. Stifel Nicolaus set a $124.00 target price on Thor Industries and gave the stock a “hold” rating in a report on Monday, May 7th. Zacks Investment Research downgraded Thor Industries from a “hold” rating to a “sell” rating in a report on Wednesday, May 9th. Citigroup dropped their target price on Thor Industries from $150.00 to $130.00 and set a “buy” rating on the stock in a report on Thursday, June 21st. Argus raised Thor Industries from a “hold” rating to a “buy” rating in a report on Friday, March 16th. They noted that the move was a valuation call. Finally, BMO Capital Markets raised Thor Industries from a “market perform” rating to an “outperform” rating and set a $102.00 price target on the stock in a report on Tuesday, May 1st. Two analysts have rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. Thor Industries currently has an average rating of “Hold” and an average price target of $121.33.

Shares of Thor Industries opened at $97.06 on Friday, Marketbeat Ratings reports. The firm has a market cap of $5.23 billion, a PE ratio of 13.69 and a beta of 1.30. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.96 and a current ratio of 1.67. Thor Industries, Inc. has a 1 year low of $89.89 and a 1 year high of $161.48.

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 16th. Stockholders of record on Monday, July 2nd 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 1.52%. The ex-dividend date of this dividend is Friday, June 29th. Thor Industries’s payout ratio is currently 20.87%.

Thor Industries declared that its Board of Directors has initiated a share repurchase plan on Wednesday, June 20th that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the construction company to purchase up to 4.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Thor Industries Profile

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

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

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