Zurcher Kantonalbank Zurich Cantonalbank Grows Stock Holdings in THOR Industries, Inc. (NYSE:THO)

Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of THOR Industries, Inc. (NYSE:THO) by 8.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,935 shares of the construction company’s stock after purchasing an additional 840 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in THOR Industries were worth $1,022,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Norges Bank purchased a new stake in THOR Industries during the 4th quarter worth about $65,391,000. Scout Investments Inc. lifted its stake in THOR Industries by 89.7% during the fourth quarter. Scout Investments Inc. now owns 239,396 shares of the construction company’s stock worth $28,309,000 after purchasing an additional 113,201 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in THOR Industries by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,634,436 shares of the construction company’s stock valued at $311,527,000 after purchasing an additional 81,840 shares in the last quarter. International Assets Investment Management LLC increased its stake in THOR Industries by 8,542.2% in the fourth quarter. International Assets Investment Management LLC now owns 43,989 shares of the construction company’s stock valued at $5,202,000 after purchasing an additional 43,480 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in THOR Industries by 596.7% during the first quarter. BNP Paribas Financial Markets now owns 47,061 shares of the construction company’s stock worth $5,522,000 after purchasing an additional 40,306 shares in the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

THOR Industries Price Performance

Shares of NYSE:THO opened at $105.23 on Wednesday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.74 and a current ratio of 1.65. THOR Industries, Inc. has a one year low of $84.54 and a one year high of $129.31. The company has a 50-day simple moving average of $100.01 and a 200-day simple moving average of $103.14. The stock has a market capitalization of $5.60 billion, a price-to-earnings ratio of 21.34 and a beta of 1.67.

THOR Industries (NYSE:THO) last posted its quarterly earnings data on Wednesday, June 5th. The construction company reported $2.13 EPS for the quarter, beating the consensus estimate of $1.89 by $0.24. THOR Industries had a return on equity of 7.07% and a net margin of 2.59%. The firm had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same period in the prior year, the business earned $2.24 EPS. The firm’s revenue was down 4.4% compared to the same quarter last year. On average, analysts predict that THOR Industries, Inc. will post 4.79 EPS for the current year.

THOR Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Wednesday, July 3rd were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.82%. The ex-dividend date was Wednesday, July 3rd. THOR Industries’s dividend payout ratio (DPR) is presently 38.95%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on THO shares. Robert W. Baird lowered their target price on shares of THOR Industries from $120.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday, June 6th. Citigroup decreased their price objective on shares of THOR Industries from $120.00 to $113.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Benchmark assumed coverage on THOR Industries in a research report on Thursday, July 18th. They set a “hold” rating on the stock. Finally, Truist Financial decreased their target price on THOR Industries from $100.00 to $95.00 and set a “hold” rating for the company in a research report on Thursday, June 6th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, THOR Industries has an average rating of “Hold” and a consensus price target of $102.00.

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.