Waratah Capital Advisors Ltd. Takes Position in Thor Industries, Inc. (NYSE:THO)

Waratah Capital Advisors Ltd. bought a new stake in Thor Industries, Inc. (NYSE:THO) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 236,772 shares of the construction company’s stock, valued at approximately $13,411,000. Thor Industries accounts for approximately 1.5% of Waratah Capital Advisors Ltd.’s holdings, making the stock its 21st largest position. Waratah Capital Advisors Ltd. owned about 0.43% of Thor Industries at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Captrust Financial Advisors lifted its stake in Thor Industries by 122.2% in the second quarter. Captrust Financial Advisors now owns 1,000 shares of the construction company’s stock valued at $59,000 after buying an additional 550 shares during the period. Quest Capital Management Inc. ADV bought a new stake in shares of Thor Industries in the 3rd quarter valued at about $59,000. Pearl River Capital LLC boosted its holdings in shares of Thor Industries by 70,000.0% in the 2nd quarter. Pearl River Capital LLC now owns 1,402 shares of the construction company’s stock valued at $82,000 after buying an additional 1,400 shares in the last quarter. First Manhattan Co. purchased a new position in shares of Thor Industries in the 2nd quarter worth approximately $84,000. Finally, HM Payson & Co. purchased a new position in shares of Thor Industries in the 2nd quarter worth approximately $90,000. Institutional investors and hedge funds own 95.03% of the company’s stock.

THO traded down $1.06 on Tuesday, hitting $62.70. 15,333 shares of the company were exchanged, compared to its average volume of 615,588. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.84 and a current ratio of 1.41. The business’s fifty day moving average is $63.76 and its 200 day moving average is $56.21. Thor Industries, Inc. has a fifty-two week low of $42.05 and a fifty-two week high of $71.66. The firm has a market capitalization of $3.52 billion, a P/E ratio of 12.12, a price-to-earnings-growth ratio of 0.97 and a beta of 1.94.

Thor Industries (NYSE:THO) last announced its earnings results on Monday, September 30th. The construction company reported $1.70 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.43 by $0.27. Thor Industries had a net margin of 1.69% and a return on equity of 15.50%. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.35 billion. During the same quarter in the previous year, the firm posted $1.67 earnings per share. Thor Industries’s revenue was up 23.3% compared to the same quarter last year. Analysts forecast that Thor Industries, Inc. will post 5.63 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 25th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.55%. This is a positive change from Thor Industries’s previous quarterly dividend of $0.39. The ex-dividend date was Thursday, October 24th. Thor Industries’s dividend payout ratio (DPR) is presently 30.89%.

In other news, insider Robert W. Martin purchased 10,000 shares of Thor Industries stock in a transaction dated Tuesday, October 22nd. The shares were bought at an average cost of $58.82 per share, for a total transaction of $588,200.00. Following the completion of the acquisition, the insider now owns 220,175 shares in the company, valued at approximately $12,950,693.50. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 4.00% of the company’s stock.

A number of research firms recently weighed in on THO. Northcoast Research lowered shares of Thor Industries from a “buy” rating to a “neutral” rating in a research note on Tuesday, October 1st. They noted that the move was a valuation call. CL King cut Thor Industries from a “buy” rating to a “neutral” rating in a research report on Monday, September 9th. Sidoti increased their target price on Thor Industries from $75.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, October 1st. Citigroup reduced their price target on Thor Industries from $70.00 to $65.00 and set a “buy” rating for the company in a report on Monday, September 23rd. Finally, Robert W. Baird restated a “reduce” rating and issued a $65.00 price target (up from $60.00) on shares of Thor Industries in a research note on Tuesday, October 1st. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $67.44.

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

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