Reinhart Partners Inc. Cuts Stock Position in Thor Industries, Inc. (NYSE:THO)

Reinhart Partners Inc. reduced its position in Thor Industries, Inc. (NYSE:THO) by 1.0% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 426,500 shares of the construction company’s stock after selling 4,383 shares during the quarter. Thor Industries accounts for about 2.2% of Reinhart Partners Inc.’s holdings, making the stock its 17th largest holding. Reinhart Partners Inc. owned approximately 0.77% of Thor Industries worth $24,157,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Renaissance Technologies LLC raised its position in Thor Industries by 146.6% during the 2nd quarter. Renaissance Technologies LLC now owns 412,500 shares of the construction company’s stock valued at $24,111,000 after purchasing an additional 245,200 shares during the last quarter. Waratah Capital Advisors Ltd. purchased a new stake in Thor Industries during the 3rd quarter valued at $13,411,000. BlackRock Inc. boosted its stake in Thor Industries by 4.5% during the 2nd quarter. BlackRock Inc. now owns 4,842,450 shares of the construction company’s stock valued at $283,039,000 after purchasing an additional 209,739 shares during the last quarter. Ardevora Asset Management LLP boosted its stake in Thor Industries by 31.8% during the 2nd quarter. Ardevora Asset Management LLP now owns 712,800 shares of the construction company’s stock valued at $41,663,000 after purchasing an additional 171,800 shares during the last quarter. Finally, Lodge Hill Capital LLC purchased a new stake in Thor Industries during the 2nd quarter valued at $7,014,000. Hedge funds and other institutional investors own 88.21% of the company’s stock.

A number of research firms have recently issued reports on THO. Bank of America dropped their price target on Thor Industries from $58.00 to $47.00 and set an “underperform” rating on the stock in a research note on Wednesday, September 4th. ValuEngine upgraded Thor Industries from a “strong sell” rating to a “sell” rating in a research report on Monday, September 30th. Sidoti lifted their target price on Thor Industries from $75.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, October 1st. Northcoast Research downgraded Thor Industries from a “buy” rating to a “neutral” rating in a research report on Tuesday, October 1st. They noted that the move was a valuation call. Finally, Robert W. Baird reiterated a “reduce” rating and set a $65.00 target price (up from $60.00) on shares of Thor Industries in a research report on Tuesday, October 1st. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have assigned a buy rating to the company. Thor Industries currently has an average rating of “Hold” and a consensus target price of $67.44.

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In other news, insider Robert W. Martin bought 10,000 shares of Thor Industries stock in a transaction dated Tuesday, October 22nd. The shares were purchased at an average cost of $58.82 per share, with a total value of $588,200.00. Following the completion of the acquisition, the insider now owns 220,175 shares of the company’s stock, valued at approximately $12,950,693.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 4.00% of the company’s stock.

NYSE:THO traded up $0.26 on Friday, reaching $67.98. 627,916 shares of the company’s stock traded hands, compared to its average volume of 924,014. The company has a quick ratio of 0.84, a current ratio of 1.41 and a debt-to-equity ratio of 0.90. The stock has a 50-day simple moving average of $58.31 and a 200-day simple moving average of $56.21. The firm has a market cap of $3.66 billion, a PE ratio of 13.12, a P/E/G ratio of 1.00 and a beta of 1.97. Thor Industries, Inc. has a 12 month low of $42.05 and a 12 month high of $72.48.

Thor Industries (NYSE:THO) last posted its quarterly earnings results on Monday, September 30th. The construction company reported $1.70 EPS for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.27. Thor Industries had a return on equity of 15.50% and a net margin of 1.69%. The business had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.35 billion. During the same period last year, the firm earned $1.67 earnings per share. The business’s quarterly revenue was up 23.3% on a year-over-year basis. On average, equities analysts anticipate that Thor Industries, Inc. will post 5.63 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, November 8th. Stockholders of record on Friday, October 25th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.35%. This is a boost from Thor Industries’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Thursday, October 24th. Thor Industries’s payout ratio is 30.89%.

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.

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

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