Advisors Asset Management Inc. Decreases Stock Holdings in THOR Industries, Inc. (NYSE:THO)

Advisors Asset Management Inc. decreased its position in THOR Industries, Inc. (NYSE:THOGet Rating) by 71.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,731 shares of the construction company’s stock after selling 9,173 shares during the quarter. Advisors Asset Management Inc.’s holdings in THOR Industries were worth $279,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. increased its position in shares of THOR Industries by 1.0% in the first quarter. Vanguard Group Inc. now owns 5,312,648 shares of the construction company’s stock valued at $418,105,000 after acquiring 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 valued at $125,932,000 after buying 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 valued at $119,305,000 after buying 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 valued at $85,869,000 after buying 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 valued at about $85,835,000. Hedge funds and other institutional investors own 98.63% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on THO shares. StockNews.com started coverage on shares of THOR Industries in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. Argus cut shares of THOR Industries from a “buy” rating to a “hold” rating in a research report on Monday, October 3rd. Benchmark cut shares of THOR Industries from a “buy” rating to a “hold” rating in a research report on Thursday, October 27th. Truist Financial reduced their price target 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. Finally, MKM Partners dropped their price objective on shares of THOR Industries to $69.00 in a research note on Friday, September 30th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $76.25.

Insider Transactions at THOR Industries

In related news, Director Peter Busch Orthwein acquired 20,000 shares of the stock in a transaction that occurred on Wednesday, October 5th. The shares were bought at an average price of $72.50 per share, for a total transaction of $1,450,000.00. Following the completion of the transaction, the director now directly owns 30,000 shares in the company, valued at $2,175,000. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.50% of the company’s stock.

THOR Industries Trading Down 0.8 %

Shares of NYSE THO opened at $83.49 on Monday. The firm’s 50 day moving average price is $77.76 and its 200-day moving average price is $79.39. The company has a market cap of $4.48 billion, a PE ratio of 4.05 and a beta of 1.70. THOR Industries, Inc. has a 52-week low of $66.26 and a 52-week high of $113.29. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.74 and a current ratio of 1.74.

THOR Industries (NYSE:THOGet Rating) last issued its earnings results on Wednesday, September 28th. The construction company reported $5.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.89 by $1.26. The firm had revenue of $3.82 billion for 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%. The business’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $4.12 earnings per share. On average, equities research analysts expect that THOR Industries, Inc. will post 8.56 EPS for the current fiscal year.

THOR Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 9th. Stockholders of record on Wednesday, October 26th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.16%. The ex-dividend date was Tuesday, October 25th. This is an increase from THOR Industries’s previous quarterly dividend of $0.43. THOR Industries’s dividend payout ratio is currently 8.74%.

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.

Further Reading

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

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