LRI Investments LLC Sells 433 Shares of Thor Industries, Inc. $THO

LRI Investments LLC lessened its holdings in shares of Thor Industries, Inc. (NYSE:THO) by 34.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 834 shares of the RV manufacturer’s stock after selling 433 shares during the period. LRI Investments LLC’s holdings in Thor Industries were worth $74,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Principal Financial Group Inc. boosted its holdings in Thor Industries by 0.6% in the first quarter. Principal Financial Group Inc. now owns 122,374 shares of the RV manufacturer’s stock valued at $9,277,000 after acquiring an additional 755 shares during the last quarter. Crossmark Global Holdings Inc. boosted its holdings in Thor Industries by 4.2% in the first quarter. Crossmark Global Holdings Inc. now owns 3,560 shares of the RV manufacturer’s stock valued at $270,000 after acquiring an additional 145 shares during the last quarter. Oppenheimer & Co. Inc. boosted its holdings in Thor Industries by 7.5% in the first quarter. Oppenheimer & Co. Inc. now owns 3,281 shares of the RV manufacturer’s stock valued at $249,000 after acquiring an additional 228 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in Thor Industries by 33.5% in the first quarter. QRG Capital Management Inc. now owns 20,453 shares of the RV manufacturer’s stock valued at $1,551,000 after acquiring an additional 5,136 shares during the last quarter. Finally, Teacher Retirement System of Texas boosted its holdings in Thor Industries by 6.0% in 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 acquiring an additional 749 shares during the last quarter. Institutional investors own 96.71% of the company’s stock.

Analyst Upgrades and Downgrades

THO has been the topic of several recent research reports. Roth Capital set a $93.00 price target on Thor Industries and gave the company a “neutral” rating in a report on Wednesday, September 17th. 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 report on Wednesday, October 8th. KeyCorp raised Thor Industries from an “underweight” rating to a “sector weight” rating in a research note on Friday, August 1st. Finally, Robert W. Baird increased their target price on Thor Industries from $90.00 to $110.00 and gave the company a “neutral” rating in a research note on Thursday, September 25th. Two equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $104.00.

Thor Industries Trading Up 1.8%

NYSE THO opened at $101.03 on Tuesday. The firm has a market cap of $5.32 billion, a P/E ratio of 24.23, a P/E/G ratio of 1.72 and a beta of 1.35. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 0.90. The stock’s 50-day moving average is $105.47 and its 200-day moving average is $90.42. Thor Industries, Inc. has a one year low of $63.15 and a one year high of $118.85.

Thor Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Thursday, October 23rd will be given a dividend of $0.52 per share. This is an increase from Thor Industries’s previous quarterly dividend of $0.50. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, October 23rd. Thor Industries’s payout ratio is 47.96%.

Thor Industries announced that its board has approved a share buyback program on Monday, June 23rd that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the RV manufacturer to reacquire up to 8.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Thor Industries Company Profile

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.