ACR Alpine Capital Research LLC Has $378.78 Million Holdings in Thor Industries, Inc. $THO

ACR Alpine Capital Research LLC grew its holdings in Thor Industries, Inc. (NYSE:THO) by 22.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,265,031 shares of the RV manufacturer’s stock after purchasing an additional 782,114 shares during the quarter. Thor Industries comprises about 6.8% of ACR Alpine Capital Research LLC’s investment portfolio, making the stock its 4th largest position. ACR Alpine Capital Research LLC owned 8.02% of Thor Industries worth $378,777,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Principal Financial Group Inc. lifted its position in Thor Industries by 0.6% during the 1st quarter. Principal Financial Group Inc. now owns 122,374 shares of the RV manufacturer’s stock worth $9,277,000 after buying an additional 755 shares in the last quarter. Crossmark Global Holdings Inc. raised its stake in shares of Thor Industries by 4.2% in the first quarter. Crossmark Global Holdings Inc. now owns 3,560 shares of the RV manufacturer’s stock worth $270,000 after acquiring an additional 145 shares during the last quarter. Oppenheimer & Co. Inc. lifted its position in shares of Thor Industries by 7.5% during the first quarter. Oppenheimer & Co. Inc. now owns 3,281 shares of the RV manufacturer’s stock worth $249,000 after purchasing an additional 228 shares in the last quarter. Teacher Retirement System of Texas grew its stake in shares of Thor Industries by 6.0% during the first quarter. Teacher Retirement System of Texas now owns 13,211 shares of the RV manufacturer’s stock valued at $1,002,000 after purchasing an additional 749 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Thor Industries by 66.6% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 563 shares of the RV manufacturer’s stock valued at $50,000 after purchasing an additional 225 shares in the last quarter. Institutional investors own 96.71% of the company’s stock.

Wall Street Analyst Weigh In

THO has been the topic of several research reports. Zacks Research raised Thor Industries from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 3rd. Robert W. Baird upped their price target on Thor Industries from $90.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, September 25th. DA Davidson raised their price target on Thor Industries from $78.00 to $102.00 and gave the company a “neutral” rating in a report on Tuesday, September 30th. Weiss Ratings reiterated a “hold (c)” rating on shares of Thor Industries in a research report on Wednesday, October 8th. Finally, Roth Capital set a $93.00 target price on shares of Thor Industries and gave the company a “neutral” rating in a research report on Wednesday, September 17th. Two investment analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $104.00.

Thor Industries Trading Down 1.5%

NYSE THO opened at $109.10 on Tuesday. The company has a current ratio of 1.75, a quick ratio of 0.90 and a debt-to-equity ratio of 0.21. Thor Industries, Inc. has a 12 month low of $63.15 and a 12 month high of $118.85. The company has a market capitalization of $5.74 billion, a PE ratio of 26.16, a P/E/G ratio of 1.94 and a beta of 1.35. The stock has a 50-day simple moving average of $106.65 and a 200 day simple moving average of $92.87.

Thor Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Thursday, October 23rd will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, October 23rd. This is a positive change from Thor Industries’s previous quarterly dividend of $0.50. Thor Industries’s payout ratio is 49.88%.

About Thor Industries

THOR Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. The company offers travel trailers; gasoline and diesel Class A, Class B, and Class C motorhomes; conventional travel trailers and fifth wheels; luxury fifth wheels; and motorcaravans, caravans, campervans, and urban vehicles.