THOR Industries, Inc. (NYSE:THO) Holdings Trimmed by Intech Investment Management LLC

Intech Investment Management LLC reduced its position in shares of THOR Industries, Inc. (NYSE:THO) by 36.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,733 shares of the construction company’s stock after selling 3,895 shares during the period. Intech Investment Management LLC’s holdings in THOR Industries were worth $740,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Tortoise Investment Management LLC raised its holdings in shares of THOR Industries by 77.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock worth $27,000 after purchasing an additional 124 shares in the last quarter. Quarry LP acquired a new stake in THOR Industries during the second quarter valued at approximately $28,000. UMB Bank n.a. grew its position in THOR Industries by 2,050.0% in the third quarter. UMB Bank n.a. now owns 258 shares of the construction company’s stock worth $28,000 after buying an additional 246 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of THOR Industries by 548.1% in the second quarter. Blue Trust Inc. now owns 337 shares of the construction company’s stock valued at $31,000 after buying an additional 285 shares in the last quarter. Finally, Van ECK Associates Corp acquired a new stake in shares of THOR Industries during the 3rd quarter valued at $32,000. 96.71% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at THOR Industries

In related news, VP Colleen A. Zuhl sold 4,354 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $15,169,075. This trade represents a 3.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.50% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

THO has been the topic of a number of recent research reports. Citigroup lifted their target price on THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. DA Davidson reissued a “neutral” rating and issued a $95.00 price target on shares of THOR Industries in a research note on Monday, September 30th. Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a research note on Tuesday, October 1st. Truist Financial lifted their target price on shares of THOR Industries from $95.00 to $105.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $120.00 price target on shares of THOR Industries in a research report on Thursday, September 19th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, THOR Industries currently has an average rating of “Moderate Buy” and a consensus target price of $110.80.

THOR Industries Trading Up 0.4 %

Shares of NYSE THO opened at $111.60 on Friday. The company has a current ratio of 1.69, a quick ratio of 0.82 and a debt-to-equity ratio of 0.27. THOR Industries, Inc. has a one year low of $88.37 and a one year high of $129.31. The business has a 50-day moving average price of $108.98 and a two-hundred day moving average price of $102.51. The firm has a market capitalization of $5.93 billion, a PE ratio of 22.64 and a beta of 1.67.

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

THOR Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a dividend of $0.50 per share. The ex-dividend date was Friday, November 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.79%. This is a positive change 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.