Corient Private Wealth LP Takes Position in Thor Industries, Inc. $THO

Corient Private Wealth LP purchased a new stake in Thor Industries, Inc. (NYSE:THO) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 35,046 shares of the RV manufacturer’s stock, valued at approximately $2,634,000.

Other institutional investors have also recently bought and sold shares of the company. Parallel Advisors LLC raised its holdings in Thor Industries by 16.9% during the 4th quarter. Parallel Advisors LLC now owns 621 shares of the RV manufacturer’s stock worth $64,000 after buying an additional 90 shares during the period. BNP Paribas Financial Markets raised its holdings in shares of Thor Industries by 1.7% during the second quarter. BNP Paribas Financial Markets now owns 6,072 shares of the RV manufacturer’s stock valued at $539,000 after acquiring an additional 99 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in shares of Thor Industries by 0.3% during the second quarter. CANADA LIFE ASSURANCE Co now owns 34,810 shares of the RV manufacturer’s stock valued at $3,089,000 after acquiring an additional 104 shares during the period. CWM LLC lifted its position in shares of Thor Industries by 18.9% in the 4th quarter. CWM LLC now owns 794 shares of the RV manufacturer’s stock valued at $82,000 after acquiring an additional 126 shares in the last quarter. Finally, Benjamin Edwards Inc. lifted its position in shares of Thor Industries by 5.9% in the 4th quarter. Benjamin Edwards Inc. now owns 2,435 shares of the RV manufacturer’s stock valued at $250,000 after acquiring an additional 136 shares in the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Thor Industries Stock Down 2.1%

Thor Industries stock opened at $74.42 on Wednesday. Thor Industries, Inc. has a twelve month low of $69.71 and a twelve month high of $122.83. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.80 and a current ratio of 1.71. The firm has a market cap of $3.87 billion, a PE ratio of 32.22, a P/E/G ratio of 1.67 and a beta of 1.34. The firm’s 50 day moving average price is $76.98 and its two-hundred day moving average price is $80.69.

Thor Industries (NYSE:THO) last issued its earnings results on Wednesday, June 3rd. The RV manufacturer reported $1.86 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.88 by ($0.02). Thor Industries had a net margin of 2.67% and a return on equity of 5.74%. The company had revenue of $2.78 billion for the quarter, compared to analyst estimates of $2.67 billion. During the same period last year, the business earned $2.53 EPS. The company’s quarterly revenue was down 3.9% on a year-over-year basis. On average, research analysts predict that Thor Industries, Inc. will post 3.21 EPS for the current fiscal year.

Thor Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 2.8%. The ex-dividend date was Wednesday, July 1st. Thor Industries’s dividend payout ratio (DPR) is currently 90.04%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Benchmark reiterated a “hold” rating on shares of Thor Industries in a research report on Friday, June 12th. Bank of America decreased their target price on Thor Industries from $120.00 to $96.00 and set a “buy” rating for the company in a research report on Thursday, June 4th. Argus raised Thor Industries to a “hold” rating in a research report on Friday, June 12th. Weiss Ratings lowered Thor Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. Finally, Loop Capital raised their price objective on Thor Industries from $90.00 to $96.00 and gave the stock a “buy” rating in a research report on Thursday, June 4th. Three equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $92.33.

Thor Industries Company Profile

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.