Hanson & Doremus Investment Management Increases Holdings in Thor Industries, Inc. (NYSE:THO)
Hanson & Doremus Investment Management raised its stake in shares of Thor Industries, Inc. (NYSE:THO) by 3.5% in the second quarter, Holdings Channel reports. The institutional investor owned 9,677 shares of the construction company’s stock after buying an additional 327 shares during the quarter. Hanson & Doremus Investment Management’s holdings in Thor Industries were worth $566,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the business. Callahan Advisors LLC lifted its position in shares of Thor Industries by 6.6% in the second quarter. Callahan Advisors LLC now owns 30,708 shares of the construction company’s stock valued at $1,795,000 after acquiring an additional 1,893 shares in the last quarter. Triad Investment Management lifted its position in shares of Thor Industries by 17.0% in the second quarter. Triad Investment Management now owns 26,428 shares of the construction company’s stock worth $1,545,000 after buying an additional 3,846 shares in the last quarter. West Coast Financial LLC lifted its position in shares of Thor Industries by 10.4% in the second quarter. West Coast Financial LLC now owns 95,377 shares of the construction company’s stock worth $5,575,000 after buying an additional 8,983 shares in the last quarter. Oregon Public Employees Retirement Fund lifted its position in shares of Thor Industries by 1.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 21,234 shares of the construction company’s stock worth $1,241,000 after buying an additional 299 shares in the last quarter. Finally, Metropolitan Life Insurance Co NY lifted its position in shares of Thor Industries by 2.9% in the first quarter. Metropolitan Life Insurance Co NY now owns 17,020 shares of the construction company’s stock worth $1,061,000 after buying an additional 487 shares in the last quarter. Institutional investors and hedge funds own 85.35% of the company’s stock.
THO has been the topic of a number of recent research reports. Zacks Investment Research upgraded Hudson Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, May 29th. Citigroup decreased their price objective on Thor Industries from $78.00 to $70.00 in a research report on Monday, June 17th. Northcoast Research initiated coverage on LCI Industries in a research report on Friday, June 14th. They set a “neutral” rating on the stock. Finally, SunTrust Banks restated a “hold” rating and set a $60.00 price objective on shares of Tripadvisor in a research report on Tuesday, June 11th. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $80.44.
THO stock traded up $0.71 during midday trading on Friday, reaching $59.68. 517,359 shares of the company traded hands, compared to its average volume of 698,893. Thor Industries, Inc. has a 52-week low of $47.71 and a 52-week high of $109.94. The company has a quick ratio of 0.91, a current ratio of 1.54 and a debt-to-equity ratio of 1.07. The stock’s 50 day simple moving average is $57.37. The firm has a market cap of $3.25 billion, a price-to-earnings ratio of 6.98, a price-to-earnings-growth ratio of 0.80 and a beta of 1.85.
Thor Industries (NYSE:THO) last issued its quarterly earnings data on Monday, June 10th. The construction company reported $1.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.66 by ($0.01). Thor Industries had a net margin of 1.74% and a return on equity of 15.53%. The company had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.60 billion. During the same quarter last year, the company earned $2.53 earnings per share. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. As a group, equities research analysts forecast that Thor Industries, Inc. will post 5.24 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 1st were given a dividend of $0.39 per share. The ex-dividend date was Friday, June 28th. This represents a $1.56 dividend on an annualized basis and a yield of 2.61%. Thor Industries’s dividend payout ratio (DPR) is presently 18.25%.
Thor Industries Profile
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 Airstream Classic, International, Tommy Bahama, Flying Cloud, Sport, Basecamp, and Nest travel trade names, as well as Interstate series of Class B motorhomes; and gasoline and diesel Class A and Class C motorhomes under the Four Winds, Freedom Elite, Majestic, Hurricane, Chateau, Windsport, Axis, Vegas, Tuscany, Palazzo, Aria, Quantum, Compass, Gemini, and A.C.E trade names.
Featured Article: What is Call Option Volume?
Want to see what other hedge funds are holding THO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Thor Industries, Inc. (NYSE:THO).
Receive News & Ratings for Thor Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Thor Industries and related companies with MarketBeat.com's FREE daily email newsletter.