Callahan Advisors LLC Acquires Shares of 20,140 Thor Industries Inc. (THO)
Callahan Advisors LLC acquired a new stake in Thor Industries Inc. (NYSE:THO) during the third quarter, according to its most recent 13F filing with the SEC. The firm acquired 20,140 shares of the company’s stock, valued at approximately $1,706,000.
Other large investors also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Thor Industries by 4.4% in the second quarter. Vanguard Group Inc. now owns 3,342,615 shares of the company’s stock valued at $216,401,000 after buying an additional 141,893 shares during the period. BlackRock Fund Advisors increased its stake in shares of Thor Industries by 6.4% in the second quarter. BlackRock Fund Advisors now owns 1,632,860 shares of the company’s stock valued at $105,711,000 after buying an additional 97,767 shares during the period. Janus Capital Management LLC increased its stake in shares of Thor Industries by 8.8% in the second quarter. Janus Capital Management LLC now owns 1,538,085 shares of the company’s stock valued at $99,575,000 after buying an additional 124,638 shares during the period. State Street Corp increased its stake in shares of Thor Industries by 1.1% in the second quarter. State Street Corp now owns 1,281,146 shares of the company’s stock valued at $82,944,000 after buying an additional 14,383 shares during the period. Finally, Scout Investments Inc. increased its stake in shares of Thor Industries by 24.8% in the second quarter. Scout Investments Inc. now owns 891,939 shares of the company’s stock valued at $57,744,000 after buying an additional 177,444 shares during the period. Hedge funds and other institutional investors own 87.01% of the company’s stock.
Shares of Thor Industries Inc. (NYSE:THO) traded up 12.61% on Tuesday, reaching $101.84. 5,270,689 shares of the company were exchanged. Thor Industries Inc. has a 12-month low of $47.56 and a 12-month high of $104.38. The firm has a 50 day moving average price of $82.33 and a 200-day moving average price of $75.91. The stock has a market capitalization of $5.34 billion, a PE ratio of 20.86 and a beta of 1.21.
Thor Industries (NYSE:THO) last posted its earnings results on Monday, November 28th. The company reported $1.49 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.23 by $0.26. Thor Industries had a net margin of 5.60% and a return on equity of 22.50%. The business had revenue of $1.71 billion for the quarter. During the same quarter in the prior year, the company earned $0.97 earnings per share. The business’s revenue for the quarter was up 65.8% compared to the same quarter last year. On average, analysts predict that Thor Industries Inc. will post $5.88 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Monday, November 7th. Shareholders of record on Monday, October 24th were paid a $0.33 dividend. The ex-dividend date of this dividend was Thursday, October 20th. This is a boost from Thor Industries’s previous quarterly dividend of $0.30. This represents a $1.32 annualized dividend and a yield of 1.30%. Thor Industries’s dividend payout ratio is currently 27.10%.
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THO has been the subject of several research reports. Zacks Investment Research upgraded shares of Thor Industries from a “hold” rating to a “buy” rating and set a $84.00 price objective for the company in a research report on Wednesday, August 3rd. Great Lakes Dredge & Dock Corp. upgraded shares of Thor Industries to a “buy” rating in a research report on Wednesday, September 28th. Northcoast Research upgraded shares of Thor Industries from a “neutral” rating to a “buy” rating and set a $95.00 price target for the company in a research report on Tuesday, September 13th. Wellington Shields upgraded shares of Thor Industries from a “gradually accumulate” rating to a “buy” rating in a research report on Wednesday, September 28th. Finally, Wunderlich downgraded shares of Thor Industries from a “buy” rating to a “hold” rating and set a $80.00 price target for the company. in a research report on Friday, August 19th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Thor Industries presently has a consensus rating of “Buy” and a consensus target price of $86.18.
In other Thor Industries news, Chairman Peter Busch Orthwein sold 4,672 shares of the stock in a transaction that occurred on Thursday, September 29th. The shares were sold at an average price of $85.69, for a total value of $400,343.68. Following the sale, the chairman now directly owns 1,400,252 shares in the company, valued at approximately $119,987,593.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 6.60% of the stock is currently owned by company insiders.
Thor Industries Company Profile
Thor Industries, Inc (Thor), manufactures and sells various recreational vehicles (RV) throughout the United States and Canada, as well as related parts and accessories. The principal types of The Company’s towable recreational vehicles that the Company produces include conventional travel trailers and fifth wheels.
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