CIBC Asset Management Inc Takes Position in Thor Industries, Inc. (THO)
CIBC Asset Management Inc bought a new stake in shares of Thor Industries, Inc. (NYSE:THO) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,814 shares of the construction company’s stock, valued at approximately $228,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the business. BlackRock Inc. increased its position in Thor Industries by 8.7% during the 2nd quarter. BlackRock Inc. now owns 4,122,123 shares of the construction company’s stock valued at $430,843,000 after purchasing an additional 329,996 shares during the period. Vanguard Group Inc. increased its position in Thor Industries by 1.2% during the 2nd quarter. Vanguard Group Inc. now owns 4,042,036 shares of the construction company’s stock valued at $422,474,000 after purchasing an additional 48,345 shares during the period. Wells Fargo & Company MN increased its position in Thor Industries by 7.4% during the 2nd quarter. Wells Fargo & Company MN now owns 1,324,845 shares of the construction company’s stock valued at $138,473,000 after purchasing an additional 90,713 shares during the period. Janus Henderson Group PLC purchased a new position in Thor Industries during the 2nd quarter valued at about $128,458,000. Finally, Victory Capital Management Inc. increased its position in Thor Industries by 8.8% during the 2nd quarter. Victory Capital Management Inc. now owns 1,054,269 shares of the construction company’s stock valued at $110,192,000 after purchasing an additional 85,581 shares during the period. 89.57% of the stock is currently owned by institutional investors and hedge funds.
In other Thor Industries news, Chairman Peter Busch Orthwein sold 2,784 shares of Thor Industries stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $115.00, for a total transaction of $320,160.00. Following the completion of the sale, the chairman now directly owns 1,396,352 shares in the company, valued at approximately $160,580,480. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 5.10% of the company’s stock.
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Shares of Thor Industries, Inc. (THO) opened at $135.16 on Tuesday. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.51 and a quick ratio of 0.92. Thor Industries, Inc. has a 12 month low of $86.27 and a 12 month high of $138.07. The company has a market cap of $7,054.19, a P/E ratio of 18.88 and a beta of 1.42.
Thor Industries (NYSE:THO) last announced its quarterly earnings data on Wednesday, September 27th. The construction company reported $2.26 EPS for the quarter, beating the consensus estimate of $1.95 by $0.31. Thor Industries had a net margin of 5.16% and a return on equity of 26.04%. The business had revenue of $1.93 billion during the quarter, compared to analysts’ expectations of $1.83 billion. During the same period in the previous year, the business posted $1.57 EPS. The business’s quarterly revenue was up 49.7% compared to the same quarter last year. analysts anticipate that Thor Industries, Inc. will post 8.14 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 7th. Shareholders of record on Tuesday, October 24th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.09%. This is a boost from Thor Industries’s previous quarterly dividend of $0.33. The ex-dividend date was Monday, October 23rd. Thor Industries’s payout ratio is presently 20.87%.
A number of research firms have commented on THO. Robert W. Baird reissued a “buy” rating and set a $136.00 target price on shares of Thor Industries in a research report on Wednesday, November 1st. Citigroup Inc. lifted their price objective on shares of Thor Industries from $118.00 to $146.00 and gave the stock a “buy” rating in a research report on Monday, October 2nd. BMO Capital Markets reaffirmed a “market perform” rating and issued a $135.00 price objective (up previously from $110.00) on shares of Thor Industries in a research report on Saturday, September 30th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $114.00 price objective (up previously from $110.00) on shares of Thor Industries in a research report on Saturday, September 30th. Finally, Aegis reaffirmed a “hold” rating and issued a $130.00 price objective (up previously from $113.00) on shares of Thor Industries in a research report on Saturday, September 30th. One analyst has rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $123.08.
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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