Marshall Wace LLP Raises Position in Thor Industries, Inc. (THO)
Marshall Wace LLP boosted its stake in Thor Industries, Inc. (NYSE:THO) by 389.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,110,281 shares of the construction company’s stock after buying an additional 883,589 shares during the quarter. Thor Industries makes up approximately 0.8% of Marshall Wace LLP’s portfolio, making the stock its 11th largest holding. Marshall Wace LLP owned approximately 2.10% of Thor Industries worth $92,931,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of THO. American Century Companies Inc. raised its holdings in Thor Industries by 7,840.5% in the 3rd quarter. American Century Companies Inc. now owns 919,903 shares of the construction company’s stock valued at $76,996,000 after acquiring an additional 908,318 shares during the last quarter. Swedbank raised its holdings in Thor Industries by 28.9% in the 3rd quarter. Swedbank now owns 3,330,200 shares of the construction company’s stock valued at $278,738,000 after acquiring an additional 747,200 shares during the last quarter. LSV Asset Management raised its holdings in Thor Industries by 181.7% in the 3rd quarter. LSV Asset Management now owns 1,025,970 shares of the construction company’s stock valued at $85,873,000 after acquiring an additional 661,709 shares during the last quarter. Impala Asset Management LLC raised its holdings in Thor Industries by 5,014.1% in the 3rd quarter. Impala Asset Management LLC now owns 352,872 shares of the construction company’s stock valued at $29,535,000 after acquiring an additional 345,972 shares during the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Thor Industries by 808.7% in the 2nd quarter. Renaissance Technologies LLC now owns 386,200 shares of the construction company’s stock valued at $37,612,000 after acquiring an additional 343,700 shares during the last quarter. 86.21% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE THO traded down $3.97 during midday trading on Thursday, reaching $60.34. 3,581,301 shares of the stock were exchanged, compared to its average volume of 1,065,280. The company has a market capitalization of $3.40 billion, a P/E ratio of 7.06 and a beta of 1.44. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.71 and a quick ratio of 1.01. Thor Industries, Inc. has a twelve month low of $55.50 and a twelve month high of $161.48.
The company also recently declared a quarterly dividend, which was paid on Friday, November 9th. Stockholders of record on Thursday, October 25th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Wednesday, October 24th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 2.59%. This is an increase from Thor Industries’s previous quarterly dividend of $0.37. Thor Industries’s dividend payout ratio (DPR) is currently 18.25%.
THO has been the subject of a number of recent research reports. Robert W. Baird reiterated a “buy” rating and issued a $95.00 price objective on shares of Thor Industries in a report on Monday, October 29th. Zacks Investment Research upgraded shares of Thor Industries from a “sell” rating to a “hold” rating in a report on Friday, August 17th. Northcoast Research reiterated a “buy” rating on shares of Thor Industries in a report on Friday, August 17th. Citigroup cut their price objective on shares of Thor Industries from $130.00 to $102.00 and set a “buy” rating for the company in a report on Thursday, October 4th. Finally, ValuEngine upgraded shares of Thor Industries from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 19th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. Thor Industries presently has a consensus rating of “Buy” and a consensus price target of $118.57.
In other news, Chairman Peter Busch Orthwein sold 5,028 shares of the firm’s stock in a transaction that occurred on Monday, December 3rd. The shares were sold at an average price of $69.63, for a total transaction of $350,099.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James L. Ziemer acquired 5,000 shares of the stock in a transaction that occurred on Tuesday, October 9th. The shares were bought at an average cost of $81.74 per share, with a total value of $408,700.00. Following the transaction, the director now directly owns 14,000 shares in the company, valued at approximately $1,144,360. The disclosure for this purchase can be found here. 4.20% of the stock is owned by company insiders.
About Thor Industries
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.
Featured Story: Reverse Stock Split
Want to see what other hedge funds are holding THO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Thor Industries, Inc. (NYSE:THO).
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.