UMB Bank n.a. Acquires 278 Shares of THOR Industries, Inc. (NYSE:THO)

UMB Bank n.a. grew its holdings in THOR Industries, Inc. (NYSE:THO) by 135.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 483 shares of the construction company’s stock after purchasing an additional 278 shares during the period. UMB Bank n.a.’s holdings in THOR Industries were worth $37,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Madison Investment Advisors LLC bought a new stake in THOR Industries during the 4th quarter worth approximately $95,688,000. ACR Alpine Capital Research LLC increased its holdings in THOR Industries by 40.6% during the 4th quarter. ACR Alpine Capital Research LLC now owns 2,142,966 shares of the construction company’s stock worth $205,103,000 after acquiring an additional 619,318 shares during the period. Norges Bank bought a new stake in THOR Industries during the 4th quarter worth approximately $54,754,000. Raymond James Financial Inc. bought a new stake in THOR Industries during the 4th quarter worth approximately $52,497,000. Finally, Timucuan Asset Management Inc. FL increased its holdings in THOR Industries by 16.2% during the 4th quarter. Timucuan Asset Management Inc. FL now owns 2,038,765 shares of the construction company’s stock worth $195,130,000 after acquiring an additional 283,744 shares during the period. Institutional investors own 96.71% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on THO. DA Davidson raised shares of THOR Industries to a “hold” rating in a report on Monday, April 14th. Truist Financial upped their price objective on shares of THOR Industries from $72.00 to $78.00 and gave the company a “hold” rating in a research note on Tuesday, June 3rd. Robert W. Baird cut shares of THOR Industries from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $100.00 to $85.00 in a research note on Friday, April 4th. Roth Capital set a $77.00 price objective on shares of THOR Industries and gave the company a “neutral” rating in a research note on Monday, June 9th. Finally, BMO Capital Markets cut their price objective on shares of THOR Industries from $120.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $87.63.

THOR Industries Stock Down 1.3%

Shares of NYSE THO opened at $86.86 on Monday. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26. THOR Industries, Inc. has a 12 month low of $63.16 and a 12 month high of $118.85. The firm has a market capitalization of $4.62 billion, a PE ratio of 22.21, a price-to-earnings-growth ratio of 1.16 and a beta of 1.21. The firm has a fifty day simple moving average of $77.52 and a two-hundred day simple moving average of $88.75.

THOR Industries (NYSE:THO) last issued its quarterly earnings data on Wednesday, June 4th. The construction company reported $2.53 EPS for the quarter, topping the consensus estimate of $1.79 by $0.74. The business had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.60 billion. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the business earned $2.13 EPS. Equities analysts expect that THOR Industries, Inc. will post 4.64 earnings per share for the current year.

THOR Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, April 8th. This represents a $2.00 dividend on an annualized basis and a yield of 2.30%. THOR Industries’s dividend payout ratio is currently 47.96%.

THOR Industries Company 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.