Ziegler Capital Management LLC raised its position in Thor Industries, Inc. (NYSE:THO – Get Rating) by 3.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,635 shares of the construction company's stock after purchasing an additional 450 shares during the quarter. Ziegler Capital Management LLC's holdings in Thor Industries were worth $944,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Thor Industries by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 5,312,648 shares of the construction company's stock worth $418,105,000 after purchasing an additional 53,286 shares during the period. Timucuan Asset Management Inc. FL increased its position in shares of Thor Industries by 4.9% during the first quarter. Timucuan Asset Management Inc. FL now owns 1,600,153 shares of the construction company's stock worth $125,932,000 after acquiring an additional 75,360 shares during the period. State Street Corp increased its position in shares of Thor Industries by 7.5% during the first quarter. State Street Corp now owns 1,515,941 shares of the construction company's stock worth $119,305,000 after acquiring an additional 106,027 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Thor Industries by 10.7% during the first quarter. Dimensional Fund Advisors LP now owns 1,090,915 shares of the construction company's stock worth $85,869,000 after acquiring an additional 105,545 shares during the period. Finally, LSV Asset Management purchased a new position in shares of Thor Industries during the first quarter worth approximately $85,835,000. 98.63% of the stock is owned by hedge funds and other institutional investors.
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Insider Buying and Selling at Thor Industries
In other news, COO W. Todd Woelfer bought 1,225 shares of the stock in a transaction on Tuesday, July 12th. The stock was bought at an average cost of $81.55 per share, for a total transaction of $99,898.75. Following the completion of the purchase, the chief operating officer now directly owns 70,325 shares in the company, valued at $5,735,003.75. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 4.30% of the stock is owned by insiders.
Thor Industries Price Performance
Shares of THO opened at $69.72 on Tuesday. The company has a market cap of $3.74 billion, a price-to-earnings ratio of 3.38 and a beta of 1.67. Thor Industries, Inc. has a twelve month low of $66.26 and a twelve month high of $128.87. The company has a quick ratio of 0.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.49. The company has a 50 day moving average of $81.37 and a two-hundred day moving average of $79.78.
Thor Industries (NYSE:THO – Get Rating) last announced its earnings results on Wednesday, September 28th. The construction company reported $5.15 earnings per share for the quarter, beating the consensus estimate of $3.89 by $1.26. The company had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.70 billion. Thor Industries had a net margin of 6.97% and a return on equity of 33.89%. Thor Industries's revenue was up 6.4% compared to the same quarter last year. During the same period last year, the firm earned $4.12 earnings per share. As a group, analysts predict that Thor Industries, Inc. will post 9.14 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts have recently commented on THO shares. Argus lowered shares of Thor Industries from a "buy" rating to a "hold" rating in a research report on Monday. Truist Financial reduced their target price on shares of Thor Industries from $75.00 to $70.00 and set a "hold" rating on the stock in a research report on Friday, September 23rd. StockNews.com lowered shares of Thor Industries from a "buy" rating to a "hold" rating in a research report on Wednesday, September 28th. Robert W. Baird reduced their target price on shares of Thor Industries from $120.00 to $100.00 and set an "outperform" rating on the stock in a research report on Thursday, June 9th. Finally, MKM Partners cut their price objective on shares of Thor Industries to $69.00 in a report on Friday. Three research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Thor Industries has a consensus rating of "Hold" and an average target price of $76.25.
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.
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