Scopus Asset Management L.P. Purchases 50,000 Shares of Thor Industries, Inc. (NYSE:THO)

Scopus Asset Management L.P. lifted its position in shares of Thor Industries, Inc. (NYSE:THO) by 15.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 375,000 shares of the construction company’s stock after purchasing an additional 50,000 shares during the period. Scopus Asset Management L.P.’s holdings in Thor Industries were worth $50,528,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Arizona State Retirement System lifted its position in shares of Thor Industries by 0.7% during the first quarter. Arizona State Retirement System now owns 16,117 shares of the construction company’s stock valued at $2,172,000 after purchasing an additional 109 shares in the last quarter. Peak Financial Advisors LLC increased its holdings in Thor Industries by 1.0% during the first quarter. Peak Financial Advisors LLC now owns 16,797 shares of the construction company’s stock worth $2,263,000 after buying an additional 161 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its holdings in Thor Industries by 7.5% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 2,487 shares of the construction company’s stock worth $335,000 after buying an additional 173 shares during the last quarter. BancorpSouth Bank increased its holdings in Thor Industries by 2.2% during the first quarter. BancorpSouth Bank now owns 8,264 shares of the construction company’s stock worth $1,113,000 after buying an additional 181 shares during the last quarter. Finally, Financial Advocates Investment Management increased its holdings in Thor Industries by 5.2% during the first quarter. Financial Advocates Investment Management now owns 3,959 shares of the construction company’s stock worth $533,000 after buying an additional 195 shares during the last quarter. 90.31% of the stock is currently owned by institutional investors.

A number of research firms recently issued reports on THO. Northcoast Research downgraded shares of Thor Industries from a “buy” rating to a “neutral” rating in a report on Thursday, June 17th. Exane BNP Paribas assumed coverage on shares of Thor Industries in a report on Monday, June 14th. They set a “neutral” rating and a $128.00 price objective for the company. Raymond James assumed coverage on shares of Thor Industries in a research note on Thursday, July 1st. They issued an “underperform” rating for the company. BNP Paribas assumed coverage on shares of Thor Industries in a research note on Monday, June 14th. They issued a “neutral” rating and a $128.00 target price for the company. Finally, Citigroup upgraded shares of Thor Industries from a “neutral” rating to a “buy” rating in a research note on Thursday, July 1st. One analyst has rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $139.00.

NYSE:THO traded up $0.66 during mid-day trading on Thursday, hitting $113.66. 5,098 shares of the stock traded hands, compared to its average volume of 666,543. The firm’s 50-day moving average is $114.66. The company has a market cap of $6.29 billion, a P/E ratio of 11.60 and a beta of 2.37. Thor Industries, Inc. has a 12-month low of $78.64 and a 12-month high of $152.20. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.70 and a current ratio of 1.46.

Thor Industries (NYSE:THO) last issued its quarterly earnings data on Monday, June 7th. The construction company reported $3.29 EPS for the quarter, beating the consensus estimate of $2.36 by $0.93. The company had revenue of $3.46 billion during the quarter, compared to analysts’ expectations of $3.01 billion. Thor Industries had a net margin of 4.97% and a return on equity of 21.69%. Thor Industries’s revenue for the quarter was up 105.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.43 earnings per share. As a group, sell-side analysts predict that Thor Industries, Inc. will post 10.45 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 16th. Shareholders of record on Friday, July 2nd were given a dividend of $0.41 per share. The ex-dividend date was Thursday, July 1st. This represents a $1.64 annualized dividend and a yield of 1.44%. Thor Industries’s payout ratio is presently 34.60%.

Thor Industries Profile

Thor Industries, Inc designs, manufactures, and sells recreational vehicles (RVs), and related parts and accessories in the United States, Canada, and Europe. It offers travel trailers under the Airstream Classic, Globetrotter, International, Flying Cloud, Caravel, Bambi, and Basecamp trade names; Class B motorhomes under the Interstate and Atlas series, and Sequence and Tellaro trade names; 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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