Cim LLC increased its stake in Thor Industries, Inc. (NYSE: THO) by 39.3% in the third quarter, according to its latest filings with the Securities and Exchange Commission (SEC). The fund had 5,177 shares of the company's company after the purchase of 1,460 additional shares during the period. Holdings of Cim LLC at Thor Industries were worth $ 433,000, from its most recent SEC filing.
A number of other hedge funds also bought and sold shares of the stock recently. Swedbank raised its position in Thor Industries by 62.7% during the second quarter. Swedbank now owns 2,583,000 shares of the construction company, worth $ 251,558,000, after buying another 995,000 shares in the last quarter. Renaissance Technologies LLC increased its stock holdings of Thor Industries by 808.7% in the second quarter. Renaissance Technologies LLC now owns 386,200 shares of the construction company valued at $ 37,612,000 after the purchase of another 343,700 shares during the period. Schroder Investment Management Group increased its holdings in Thor Industries' shares by 623.6% in the second quarter. Schroder Investment Management Group now owns 390,000 shares of the company's shares valued at $ 37,853,000 after the purchase of 336,100 additional shares during the period. BlackRock Inc. increased its shares in Thor Industries shares by 6.9% in the second quarter. BlackRock Inc. now owns 4,420,532 shares of the developer's stock valued at $ 430,517,000 after the purchase of another 285,394 shares during the period. Finally, Janus Henderson Group PLC increased its holdings in shares of Thor Industries by 23.1% in the second quarter. Janus Henderson Group PLC now owns 1,261,143 shares of the developer's stock valued at $ 122,823,000 after buying another 236,775 shares during the period. Hedge funds and other institutional investors own 89.11% of the company's shares.
Shares of NYSE: THO traded $ 0.02 on Monday, to $ 74.76. 912,800 shares of the company were exchanged, compared to its average volume of 1,072,853. Thor Industries, Inc. has a twelve-month low of $ 63.48 and a twelve-month high of $ 161.48. The company has a market value of $ 3.95 billion, a PE index of 8.75 and a beta of 1.42. The company has a fast ratio of 1.01, a current index of 1.71 and an index of indebtedness of 0.04.
Thor Industries (NYSE: THO) last announced its results on Thursday, September 20. The developer reported a profit of $ 1.67 per share (EPS) for the quarter, losing Zacks' consensus estimate of $ 2.03 ($ 0.36). Thor Industries had a return on shareholders' equity of 24.97% and a net margin of 5.16%. The business had revenue of $ 1.87 billion in the quarter, compared to analysts' estimates of $ 1.85 billion. During the same quarter of the previous year, the company earned $ 2.26 EPS. Business revenue in the quarter fell 3.2% year-over-year. On average, research analysts expect Thor Industries, Inc. to publish EPS 8.1 for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 9. Shareholders registered on Thursday, October 25, will receive a dividend of $ 0.39 per share. This represents a dividend of $ 1.56 on an annualized basis and a dividend yield of 2.09%. The ex-dividend date is Wednesday, October 24. This is a positive change from Thor Industries' previous quarterly dividend of $ 0.37. Thor Industries' dividend distribution ratio is currently 18.25%.
THO has been the subject of several reports by research analysts. Robert W. Baird reaffirmed a "buy" rating and issued a target price of $ 95.00 in shares of Thor Industries in a report on Monday, October 29. Citigroup reduced its target price on Thor Industries' shares from $ 130.00 to $ 102.00 and set a "buy" rating on the shares in a report on Thursday, October 4. Northcoast Research reaffirmed a Thor Industries stock buy-in rating in a report on Friday, August 17. Sidoti reduced its Thor stock price target from $ 148.00 to $ 144.00 and set a "buy" rating on the stock in a report on Friday, August 10. Finally, Zacks Investment Research upgraded Thor Industries' shares from a "sell" rating to a "hold" rating in a report on Friday, August 24. One investment analyst rated the share with a sale rating, two issued a withholding rating and seven assigned a buy rating to the company. The company has an average "Buy" rating and a consensus price target of $ 118.57.
In other Thor Industries news, director James L. Ziemer bought 5,000 shares of the company in a deal on Tuesday, October 9. Shares were purchased at an average price of $ 81.74 per share for a total transaction of $ 408,700. After the transaction, the director directly owned 14,000 shares of the company, valued at approximately US $ 1,144,360. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC's website. People within the company own 4.20% of the company's shares.
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About Thor Industries
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 trade names Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, Basecamp and Nest, as well as the Interstate series of Class B motorhomes; and Class A and Class C motorhomes gasoline and diesel under the trade names Four Winds, Freedom Elite, Majestic, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini and A.C.E.
Further reading: technical analysis
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