Hanson & Doremus Investment Management raised its stake in shares of Thor Industries, Inc. (NYSE:THO) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,482 shares of the construction company’s stock after purchasing an additional 155 shares during the period. Hanson & Doremus Investment Management’s holdings in Thor Industries were worth $853,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors also recently bought and sold shares of the company. Captrust Financial Advisors boosted its stake in Thor Industries by 122.2% during the second quarter. Captrust Financial Advisors now owns 1,000 shares of the construction company’s stock worth $59,000 after buying an additional 550 shares during the period. Quest Capital Management Inc. ADV bought a new position in Thor Industries in the third quarter worth approximately $59,000. First Manhattan Co. bought a new position in Thor Industries in the second quarter worth approximately $84,000. HM Payson & Co. bought a new position in shares of Thor Industries during the 2nd quarter worth $90,000. Finally, Private Capital Group LLC increased its stake in shares of Thor Industries by 136.7% during the second quarter. Private Capital Group LLC now owns 1,084 shares of the construction company’s stock valued at $106,000 after buying an additional 626 shares during the period. 95.00% of the stock is owned by institutional investors and hedge funds.
A number of research firms have recently issued reports on THO. Northcoast Research upgraded shares of Thor Industries from a “neutral” rating to a “buy” rating and set a $88.00 price objective on the stock in a research note on Tuesday. Zacks Investment Research raised shares of Thor Industries from a “hold” rating to a “buy” rating and set a $71.00 price objective for the company in a research note on Thursday, December 5th. SunTrust Banks boosted their price objective on shares of Thor Industries from $76.00 to $92.00 and gave the stock a “buy” rating in a research note on Thursday. ValuEngine lowered Thor Industries from a “hold” rating to a “sell” rating in a report on Wednesday, November 20th. Finally, Bank of America dropped their target price on Thor Industries from $47.00 to $45.00 and set an “underperform” rating on the stock in a research report on Tuesday, December 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. Thor Industries currently has a consensus rating of “Hold” and an average target price of $71.00.
Shares of Thor Industries stock traded down $0.12 on Thursday, reaching $80.92. The stock had a trading volume of 26,976 shares, compared to its average volume of 740,358. The company has a 50 day moving average price of $70.60 and a 200 day moving average price of $59.66. The company has a quick ratio of 0.75, a current ratio of 1.38 and a debt-to-equity ratio of 0.84. Thor Industries, Inc. has a 1 year low of $42.05 and a 1 year high of $80.81. The stock has a market capitalization of $4.54 billion, a P/E ratio of 15.67, a P/E/G ratio of 1.33 and a beta of 1.97.
Thor Industries (NYSE:THO) last issued its quarterly earnings data on Monday, December 9th. The construction company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.23 by $0.27. Thor Industries had a net margin of 2.06% and a return on equity of 15.72%. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.23 billion. During the same quarter in the previous year, the firm earned $0.26 EPS. The company’s quarterly revenue was up 22.9% compared to the same quarter last year. On average, analysts forecast that Thor Industries, Inc. will post 5.89 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 10th. Stockholders of record on Thursday, December 26th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date was Tuesday, December 24th. Thor Industries’s payout ratio is currently 30.89%.
Thor Industries Company Profile
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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