AGF Investments LLC Has $999,000 Position in Thor Industries, Inc. (NYSE:THO)

AGF Investments LLC raised its stake in Thor Industries, Inc. (NYSE:THOGet Rating) by 19.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 12,690 shares of the construction company’s stock after buying an additional 2,062 shares during the quarter. AGF Investments LLC’s holdings in Thor Industries were worth $999,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Commerce Bank lifted its holdings in Thor Industries by 5.8% during the 4th quarter. Commerce Bank now owns 2,257 shares of the construction company’s stock valued at $234,000 after purchasing an additional 123 shares during the last quarter. Capital Asset Advisory Services LLC grew its holdings in shares of Thor Industries by 1.9% during the first quarter. Capital Asset Advisory Services LLC now owns 8,013 shares of the construction company’s stock worth $631,000 after purchasing an additional 150 shares during the last quarter. CIBC Asset Management Inc increased its stake in shares of Thor Industries by 6.8% in the fourth quarter. CIBC Asset Management Inc now owns 2,477 shares of the construction company’s stock valued at $257,000 after buying an additional 158 shares in the last quarter. M&T Bank Corp raised its holdings in shares of Thor Industries by 9.0% in the fourth quarter. M&T Bank Corp now owns 2,058 shares of the construction company’s stock valued at $213,000 after buying an additional 170 shares during the last quarter. Finally, Van ECK Associates Corp lifted its position in Thor Industries by 15.9% during the 1st quarter. Van ECK Associates Corp now owns 1,338 shares of the construction company’s stock worth $105,000 after buying an additional 184 shares in the last quarter. Institutional investors and hedge funds own 93.11% of the company’s stock.

Analysts Set New Price Targets

THO has been the topic of a number of research reports. Citigroup reduced their target price on shares of Thor Industries from $92.00 to $86.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 19th. BMO Capital Markets reduced their price objective on Thor Industries from $110.00 to $95.00 in a report on Monday, May 16th. StockNews.com downgraded Thor Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, August 10th. MKM Partners began coverage on Thor Industries in a report on Thursday, May 5th. They issued a “neutral” rating and a $89.00 price target on the stock. Finally, Truist Financial dropped their price objective on Thor Industries to $75.00 in a report on Thursday, May 26th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $86.11.

Insider Transactions at Thor Industries

In other news, Director Peter Busch Orthwein acquired 10,000 shares of the stock in a transaction that occurred on Friday, June 10th. The stock was acquired at an average price of $75.00 per share, for a total transaction of $750,000.00. Following the transaction, the director now directly owns 10,000 shares in the company, valued at $750,000. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, COO W. Todd Woelfer bought 1,225 shares of the company’s stock in a transaction on Tuesday, July 12th. The shares were purchased at an average cost of $81.55 per share, for a total transaction of $99,898.75. Following the acquisition, the chief operating officer now owns 70,325 shares of the company’s stock, valued at approximately $5,735,003.75. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director Peter Busch Orthwein purchased 10,000 shares of Thor Industries stock in a transaction dated Friday, June 10th. The stock was bought at an average price of $75.00 per share, with a total value of $750,000.00. Following the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at $750,000. The disclosure for this purchase can be found here. Insiders have bought a total of 14,225 shares of company stock valued at $1,077,899 over the last three months. 4.30% of the stock is currently owned by corporate insiders.

Thor Industries Trading Down 1.6 %

NYSE THO traded down $1.50 on Wednesday, reaching $93.47. The company had a trading volume of 6,721 shares, compared to its average volume of 678,218. The company has a quick ratio of 0.82, a current ratio of 1.70 and a debt-to-equity ratio of 0.58. Thor Industries, Inc. has a 52 week low of $66.26 and a 52 week high of $128.87. The stock has a market cap of $5.10 billion, a price-to-earnings ratio of 4.85 and a beta of 1.72. The stock’s 50 day moving average is $80.71 and its 200-day moving average is $82.60.

Thor Industries (NYSE:THOGet Rating) last announced its quarterly earnings results on Wednesday, June 8th. The construction company reported $6.32 EPS for the quarter, beating analysts’ consensus estimates of $4.97 by $1.35. Thor Industries had a return on equity of 34.04% and a net margin of 6.76%. The company had revenue of $4.66 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same period in the prior year, the business posted $3.29 EPS. Thor Industries’s revenue was up 34.6% on a year-over-year basis. Equities analysts predict that Thor Industries, Inc. will post 19.16 earnings per share for the current year.

Thor Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, July 19th. Shareholders of record on Tuesday, July 5th were issued a $0.43 dividend. The ex-dividend date was Friday, July 1st. This represents a $1.72 annualized dividend and a yield of 1.84%. Thor Industries’s dividend payout ratio (DPR) is presently 8.79%.

Thor Industries Profile

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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.

Further Reading

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

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