Allspring Global Investments Holdings LLC boosted its holdings in THOR Industries, Inc. (NYSE:THO – Free Report) by 37.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,302 shares of the construction company’s stock after acquiring an additional 6,045 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in THOR Industries were worth $2,308,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in THO. Royal London Asset Management Ltd. acquired a new stake in THOR Industries in the 1st quarter valued at approximately $46,644,000. Envestnet Asset Management Inc. increased its position in shares of THOR Industries by 176.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 826,286 shares of the construction company’s stock valued at $29,075,000 after purchasing an additional 527,466 shares during the period. Norges Bank acquired a new position in shares of THOR Industries during the 4th quarter valued at $34,637,000. ACR Alpine Capital Research LLC increased its position in shares of THOR Industries by 43.6% during the 1st quarter. ACR Alpine Capital Research LLC now owns 1,420,116 shares of the construction company’s stock valued at $113,098,000 after purchasing an additional 431,402 shares during the period. Finally, First Trust Advisors LP increased its position in shares of THOR Industries by 127.6% during the 1st quarter. First Trust Advisors LP now owns 291,956 shares of the construction company’s stock valued at $23,251,000 after purchasing an additional 163,700 shares during the period. 96.52% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
THO has been the topic of several research analyst reports. StockNews.com initiated coverage on THOR Industries in a research report on Thursday, October 5th. They set a “hold” rating on the stock. BMO Capital Markets reissued an “outperform” rating and set a $115.00 price objective on shares of THOR Industries in a research note on Tuesday, September 26th. Citigroup reduced their price objective on THOR Industries from $107.00 to $93.00 in a research note on Thursday, September 28th. Truist Financial raised their price objective on THOR Industries from $84.00 to $86.00 and gave the stock a “hold” rating in a research note on Tuesday, September 26th. Finally, Roth Mkm reissued a “neutral” rating and set a $72.00 price objective on shares of THOR Industries in a research note on Friday, September 22nd. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, THOR Industries currently has a consensus rating of “Hold” and a consensus price target of $93.50.
THOR Industries Stock Performance
Shares of THOR Industries stock opened at $97.74 on Monday. The stock has a market cap of $5.21 billion, a PE ratio of 14.06 and a beta of 1.85. The business has a fifty day simple moving average of $94.92 and a 200-day simple moving average of $95.32. The company has a quick ratio of 0.66, a current ratio of 1.63 and a debt-to-equity ratio of 0.32. THOR Industries, Inc. has a 12 month low of $74.00 and a 12 month high of $116.31.
THOR Industries (NYSE:THO – Get Free Report) last issued its earnings results on Monday, September 25th. The construction company reported $1.68 EPS for the quarter, topping the consensus estimate of $0.95 by $0.73. The business had revenue of $2.74 billion during the quarter, compared to analysts’ expectations of $2.43 billion. THOR Industries had a return on equity of 9.77% and a net margin of 3.37%. THOR Industries’s revenue was down 28.4% compared to the same quarter last year. During the same quarter last year, the firm posted $5.15 earnings per share. On average, sell-side analysts anticipate that THOR Industries, Inc. will post 6.69 EPS for the current fiscal year.
THOR Industries Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 10th. Investors of record on Wednesday, November 1st will be given a dividend of $0.48 per share. This is a boost from THOR Industries’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, October 31st. This represents a $1.92 dividend on an annualized basis and a yield of 1.96%. THOR Industries’s dividend payout ratio (DPR) is presently 27.63%.
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. 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.
- Five stocks we like better than THOR Industries
- Golden Cross Stocks: Pattern, Examples and Charts
- MarketBeat Week in Review – 10/30 – 11/3
- 3 Small Caps With Big Return Potential
- Shocking uranium play that hedge funds kept hidden
- Crypto vs Stocks: How to Choose Your Investments
- Dependable dividends: Why utility stocks are on fire
Receive News & Ratings for THOR Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for THOR Industries and related companies with MarketBeat.com's FREE daily email newsletter.