Thor Industries, Inc. $THO Stock Bought by ACR Alpine Capital Research LLC

Key Points

• ACR Alpine Capital Research increased its Thor Industries stake by 4.6%, adding 254,326 shares to reach 5.78 million shares, valued at about $399.5 million.
• Analyst sentiment is broadly neutral: MarketBeat reported a consensus “Hold” rating and an average price target of $85.
• Thor reported quarterly EPS of $0.78, below the $0.88 estimate, while revenue of $2.31 billion exceeded expectations but fell 8.4% year over year. The company also raised its quarterly dividend from $0.52 to $0.54 per share.

ACR Alpine Capital Research LLC increased its stake in Thor Industries, Inc. (NYSE:THO - Free Report) by 4.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,781,882 shares of the RV manufacturer's stock after buying an additional 254,326 shares during the quarter. Thor Industries comprises approximately 5.4% of ACR Alpine Capital Research LLC's holdings, making the stock its 6th largest holding. ACR Alpine Capital Research LLC owned approximately 11.20% of Thor Industries worth $399,528,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Allworth Financial LP purchased a new stake in Thor Industries in the second quarter valued at approximately $26,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Thor Industries in the 2nd quarter valued at $52,000. Versant Capital Management Inc lifted its stake in shares of Thor Industries by 865.7% in the 3rd quarter. Versant Capital Management Inc now owns 985 shares of the RV manufacturer's stock valued at $68,000 after purchasing an additional 883 shares during the period. Signaturefd LLC grew its position in Thor Industries by 37.4% during the third quarter. Signaturefd LLC now owns 1,048 shares of the RV manufacturer's stock valued at $72,000 after buying an additional 285 shares during the period. Finally, Covestor Ltd grew its position in Thor Industries by 27.2% during the third quarter. Covestor Ltd now owns 1,371 shares of the RV manufacturer's stock valued at $95,000 after buying an additional 293 shares during the period. 96.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Zacks Research raised shares of Thor Industries from a "strong sell" rating to a "hold" rating in a research note on Monday, August 24th. BMO Capital Markets dropped their target price on shares of Thor Industries from $110.00 to $95.00 and set an "outperform" rating on the stock in a research report on Tuesday, September 15th. Robert W. Baird cut their target price on shares of Thor Industries from $90.00 to $80.00 and set a "neutral" rating for the company in a research note on Wednesday, September 23rd. Weiss Ratings downgraded shares of Thor Industries from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Monday, September 28th. Finally, Wall Street Zen lowered shares of Thor Industries from a "hold" rating to a "sell" rating in a research note on Saturday, September 19th. Three investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $85.00.

Thor Industries Trading Down 2.6%

Shares of THO stock opened at $82.47 on Friday. Thor Industries, Inc. has a 1-year low of $62.83 and a 1-year high of $122.83. The firm has a market cap of $4.27 billion, a PE ratio of 24.33, a price-to-earnings-growth ratio of 1.16 and a beta of 1.53. The company has a 50-day moving average of $71.38 and a two-hundred day moving average of $81.41. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.77 and a quick ratio of 0.85.

Thor Industries (NYSE:THO - Get Free Report) last posted its quarterly earnings data on Tuesday, September 22nd. The RV manufacturer reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.10). The firm had revenue of $2.31 billion during the quarter, compared to analysts' expectations of $2.17 billion. Thor Industries had a net margin of 1.85% and a return on equity of 3.76%. Thor Industries's quarterly revenue was down 8.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.36 EPS. On average, analysts predict that Thor Industries, Inc. will post 4.09 EPS for the current year.

Thor Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Tuesday, October 27th will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 2.6%. This is a boost from Thor Industries's previous quarterly dividend of $0.52. The ex-dividend date is Tuesday, October 27th. Thor Industries's payout ratio is 63.72%.

Thor Industries Company Profile

Thor Industries, Inc is a manufacturer of recreational vehicles (RVs) and related products. The company produces towable RVs, including travel trailers and fifth-wheel trailers, as well as motorized RVs such as Class A, Class B and Class C motorhomes. Its products are marketed to consumers seeking options for travel, camping and outdoor recreation.

Thor's portfolio includes a broad range of brands, including Airstream, Jayco, Keystone RV, Entegra Coach, Tiffin and Dutchmen in North America.

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