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

Scopus Asset Management L.P. boosted its stake in Thor Industries, Inc. (NYSE:THO) by 15.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 375,000 shares of the construction company’s stock after acquiring an additional 50,000 shares during the quarter. Scopus Asset Management L.P. owned 0.68% of Thor Industries worth $50,528,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of THO. Lazard Asset Management LLC bought a new stake in Thor Industries in the 4th quarter valued at $27,000. International Assets Investment Management LLC lifted its position in Thor Industries by 132.9% in the 1st quarter. International Assets Investment Management LLC now owns 396 shares of the construction company’s stock valued at $46,000 after acquiring an additional 226 shares in the last quarter. Creative Financial Designs Inc. ADV lifted its position in Thor Industries by 203.6% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 422 shares of the construction company’s stock valued at $57,000 after acquiring an additional 283 shares in the last quarter. Fifth Third Bancorp lifted its position in Thor Industries by 153.4% in the 1st quarter. Fifth Third Bancorp now owns 446 shares of the construction company’s stock valued at $60,000 after acquiring an additional 270 shares in the last quarter. Finally, Stonebridge Capital Advisors LLC bought a new stake in Thor Industries in the 1st quarter valued at $67,000. 90.31% of the stock is currently owned by institutional investors and hedge funds.

THO has been the topic of several research reports. raised shares of Thor Industries from a “neutral” rating to a “buy” rating and set a $150.00 price objective on the stock in a research report on Thursday, July 1st. Exane BNP Paribas started coverage on shares of Thor Industries in a research report on Monday, June 14th. They set a “neutral” rating and a $128.00 price target on the stock. Citigroup raised shares of Thor Industries from a “neutral” rating to a “buy” rating in a research report on Thursday, July 1st. Northcoast Research cut shares of Thor Industries from a “buy” rating to a “neutral” rating in a research report on Thursday, June 17th. Finally, Zacks Investment Research cut shares of Thor Industries from a “strong-buy” rating to a “hold” rating and set a $148.00 price target on the stock. in a research report on Tuesday, May 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $139.00.

Shares of Thor Industries stock traded up $0.66 during trading on Thursday, hitting $113.66. 5,098 shares of the stock were exchanged, compared to its average volume of 666,543. The firm has a market cap of $6.29 billion, a PE ratio of 11.60 and a beta of 2.37. The stock has a fifty day moving average of $114.66. Thor Industries, Inc. has a 1-year low of $78.64 and a 1-year high of $152.20. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.46 and a quick ratio of 0.70.

Thor Industries (NYSE:THO) last announced its quarterly earnings results on Monday, June 7th. The construction company reported $3.29 EPS for the quarter, beating the Zacks’ consensus estimate of $2.36 by $0.93. Thor Industries had a net margin of 4.97% and a return on equity of 21.69%. The business had revenue of $3.46 billion for the quarter, compared to analyst estimates of $3.01 billion. During the same quarter in the prior year, the business earned $0.43 EPS. Thor Industries’s quarterly revenue was up 105.7% on a year-over-year basis. Equities research analysts expect that Thor Industries, Inc. will post 10.45 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 16th. Investors of record on Friday, July 2nd were paid a $0.41 dividend. The ex-dividend date was Thursday, July 1st. This represents a $1.64 dividend on an annualized basis and a yield of 1.44%. Thor Industries’s dividend payout ratio (DPR) is currently 34.60%.

About Thor Industries

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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