34,458 Shares in Thor Industries, Inc. $THO Purchased by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company acquired a new stake in Thor Industries, Inc. (NYSE:THOFree Report) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 34,458 shares of the RV manufacturer’s stock, valued at approximately $2,590,000. The Manufacturers Life Insurance Company owned about 0.07% of Thor Industries as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Curio Wealth LLC bought a new position in Thor Industries in the 4th quarter valued at $36,000. Allworth Financial LP purchased a new position in Thor Industries in the second quarter valued at about $26,000. Danske Bank A S purchased a new stake in shares of Thor Industries during the 3rd quarter worth approximately $41,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in shares of Thor Industries in the 4th quarter worth approximately $51,000. Finally, CIBC Private Wealth Group LLC lifted its stake in Thor Industries by 83.0% in the third quarter. CIBC Private Wealth Group LLC now owns 538 shares of the RV manufacturer’s stock valued at $56,000 after purchasing an additional 244 shares during the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Thor Industries Trading Up 1.8%

Shares of Thor Industries stock opened at $75.75 on Thursday. Thor Industries, Inc. has a 12-month low of $69.71 and a 12-month high of $122.83. The company has a market cap of $3.94 billion, a price-to-earnings ratio of 32.79, a PEG ratio of 1.63 and a beta of 1.34. The company has a current ratio of 1.71, a quick ratio of 0.80 and a debt-to-equity ratio of 0.20. The company’s 50-day moving average price is $76.98 and its 200-day moving average price is $80.42.

Thor Industries (NYSE:THOGet Free Report) last issued its quarterly earnings data on Wednesday, June 3rd. The RV manufacturer reported $1.86 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.02). The firm had revenue of $2.78 billion for the quarter, compared to analysts’ expectations of $2.67 billion. Thor Industries had a net margin of 2.67% and a return on equity of 5.74%. Thor Industries’s revenue was down 3.9% on a year-over-year basis. During the same period in the prior year, the firm posted $2.53 EPS. On average, equities analysts expect that Thor Industries, Inc. will post 3.21 earnings per share for the current fiscal year.

Thor Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were issued a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $2.08 annualized dividend and a dividend yield of 2.7%. Thor Industries’s dividend payout ratio (DPR) is presently 90.04%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on THO. Zacks Research raised Thor Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, August 24th. Wall Street Zen downgraded Thor Industries from a “hold” rating to a “sell” rating in a research note on Saturday, June 6th. Weiss Ratings cut Thor Industries from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, June 18th. Bank of America dropped their price objective on shares of Thor Industries from $120.00 to $96.00 and set a “buy” rating on the stock in a report on Thursday, June 4th. Finally, DA Davidson reduced their target price on shares of Thor Industries from $100.00 to $80.00 and set a “neutral” rating for the company in a research note on Monday, June 15th. Three equities research analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $92.33.

View Our Latest Report on THO

About Thor Industries

(Free Report)

Thor Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and related components for the leisure travel market. Through its family of well-known brands—such as Airstream, Heartland, Jayco, Keystone RV and Thor Motor Coach—the company designs, manufactures and sells a broad range of motorized and towable RVs, complemented by aftermarket parts and service solutions. Thor offers products that span travel trailers, fifth wheels, toy haulers and Class A, B and C motorhomes, addressing both entry-level and premium segments.

Founded in 1980 when Wade Thompson and Peter Orthwein acquired Airstream from Beatrice Foods, Thor Industries has grown organically and through strategic acquisitions to become one of the largest RV producers in the world.

Further Reading

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

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