THOR Industries, Inc. (NYSE:THO) Shares Sold by Credit Suisse AG

Credit Suisse AG lowered its holdings in THOR Industries, Inc. (NYSE:THO – Get Rating) by 2.4% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,303 shares of the construction company’s stock after selling 1,352 shares during the period. Credit Suisse AG owned about 0.10% of THOR Industries worth $3,870,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its holdings in shares of THOR Industries by 52.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 445 shares of the construction company’s stock valued at $33,000 after buying an additional 153 shares during the last quarter. CoreCap Advisors LLC acquired a new position in shares of THOR Industries during the second quarter valued at approximately $36,000. Nomura Asset Management Co. Ltd. raised its holdings in THOR Industries by 30.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 640 shares of the construction company’s stock worth $45,000 after purchasing an additional 150 shares in the last quarter. Covestor Ltd lifted its position in THOR Industries by 51.7% in the first quarter. Covestor Ltd now owns 725 shares of the construction company’s stock worth $57,000 after purchasing an additional 247 shares during the period. Finally, Wipfli Financial Advisors LLC bought a new position in THOR Industries during the 3rd quarter valued at $68,000. 98.68% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Truist Financial lifted their target price on THOR Industries from $70.00 to $80.00 in a report on Friday, February 17th. DA Davidson raised THOR Industries from an “underperform” rating to a “neutral” rating and upped their target price for the company from $65.00 to $85.00 in a report on Monday, January 9th. Finally, Citigroup increased their price target on THOR Industries from $87.00 to $94.00 and gave the company a “neutral” rating in a research report on Friday, February 24th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, THOR Industries has an average rating of “Hold” and an average target price of $81.63.

THOR Industries Stock Up 0.7 %

Shares of THOR Industries stock opened at $91.64 on Thursday. THOR Industries, Inc. has a 12 month low of $66.26 and a 12 month high of $105.36. The business has a fifty day simple moving average of $89.22 and a 200 day simple moving average of $83.64. The company has a quick ratio of 0.70, a current ratio of 1.85 and a debt-to-equity ratio of 0.47. The stock has a market cap of $4.90 billion, a PE ratio of 4.88 and a beta of 1.78.

THOR Industries (NYSE:THO – Get Rating) last released its quarterly earnings data on Wednesday, December 7th. The construction company reported $2.53 EPS for the quarter, beating analysts’ consensus estimates of $2.09 by $0.44. The business had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $3.12 billion. THOR Industries had a net margin of 6.67% and a return on equity of 29.59%. Research analysts predict that THOR Industries, Inc. will post 7.43 EPS for the current year.

THOR Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 30th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $1.80 dividend on an annualized basis and a yield of 1.96%. THOR Industries’s dividend payout ratio (DPR) is currently 9.58%.

THOR Industries Profile

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Thor Industries, Inc engages in the manufacture and sale of recreational vehicles. It operates through the following segments: North American Towable Recreational Vehicles, North American Motorized Recreational Vehicles, and European Recreational Vehicles. The North American Towable Recreational Vehicles segment includes operating entities such as Airstream, Heartland, Jayco, Keystone, and KZ.