THOR Industries, Inc. (NYSE:THO) Shares Sold by US Bancorp DE

US Bancorp DE decreased its stake in THOR Industries, Inc. (NYSE:THO) by 4.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,345 shares of the construction company’s stock after selling 173 shares during the period. US Bancorp DE’s holdings in THOR Industries were worth $368,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Tortoise Investment Management LLC lifted its holdings in THOR Industries by 77.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock valued at $27,000 after purchasing an additional 124 shares in the last quarter. Quarry LP acquired a new position in shares of THOR Industries during the 2nd quarter valued at $28,000. UMB Bank n.a. raised its holdings in shares of THOR Industries by 2,050.0% during the 3rd quarter. UMB Bank n.a. now owns 258 shares of the construction company’s stock valued at $28,000 after buying an additional 246 shares during the period. Blue Trust Inc. lifted its position in shares of THOR Industries by 548.1% during the second quarter. Blue Trust Inc. now owns 337 shares of the construction company’s stock worth $31,000 after purchasing an additional 285 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in THOR Industries in the 2nd quarter valued at about $33,000. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on THO. Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a report on Tuesday, October 1st. BMO Capital Markets reaffirmed an “outperform” rating and set a $120.00 target price on shares of THOR Industries in a research note on Thursday, September 19th. Citigroup lifted their price target on THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Truist Financial boosted their target price on THOR Industries from $95.00 to $105.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. Finally, DA Davidson reissued a “neutral” rating and set a $95.00 target price on shares of THOR Industries in a research note on Monday, September 30th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, THOR Industries presently has an average rating of “Moderate Buy” and an average price target of $110.80.

Insiders Place Their Bets

In other news, VP Colleen A. Zuhl sold 4,354 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $115.00, for a total transaction of $500,710.00. Following the transaction, the vice president now owns 131,905 shares in the company, valued at approximately $15,169,075. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 4.70% of the company’s stock.

THOR Industries Trading Down 2.7 %

NYSE:THO opened at $111.75 on Wednesday. The company has a market capitalization of $5.93 billion, a P/E ratio of 22.67 and a beta of 1.67. The stock’s 50 day moving average price is $106.99 and its 200 day moving average price is $101.74. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.82 and a current ratio of 1.69. THOR Industries, Inc. has a 52 week low of $88.37 and a 52 week high of $129.31.

THOR Industries (NYSE:THO) last announced its quarterly earnings results on Tuesday, September 24th. The construction company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.35 by $0.33. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.47 billion. THOR Industries had a net margin of 2.64% and a return on equity of 7.02%. THOR Industries’s quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.68 EPS. On average, research analysts forecast that THOR Industries, Inc. will post 4.85 EPS for the current fiscal year.

THOR Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.79%. The ex-dividend date is Friday, November 1st. This is an increase from THOR Industries’s previous quarterly dividend of $0.48. THOR Industries’s dividend payout ratio (DPR) is 40.57%.

THOR Industries Profile

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.