Thrive Wealth Management LLC Buys Shares of 1,830 THOR Industries, Inc. (NYSE:THO)

Thrive Wealth Management LLC purchased a new position in THOR Industries, Inc. (NYSE:THO) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,830 shares of the construction company’s stock, valued at approximately $201,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. BNP Paribas Financial Markets increased 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 valued at $5,522,000 after buying an additional 40,306 shares during the last quarter. Inspire Advisors LLC raised its holdings in THOR Industries by 9.3% in the 1st quarter. Inspire Advisors LLC now owns 1,894 shares of the construction company’s stock worth $222,000 after purchasing an additional 161 shares during the period. Cetera Advisors LLC lifted its position in THOR Industries by 571.3% during the first quarter. Cetera Advisors LLC now owns 22,341 shares of the construction company’s stock valued at $2,622,000 after purchasing an additional 19,013 shares in the last quarter. ARGA Investment Management LP purchased a new position in THOR Industries during the first quarter valued at $1,046,000. Finally, &PARTNERS purchased a new stake in THOR Industries in the second quarter worth about $623,000. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

THOR Industries Price Performance

Shares of NYSE:THO traded up $1.10 during mid-day trading on Friday, reaching $108.64. The stock had a trading volume of 501,950 shares, compared to its average volume of 659,426. The business’s 50 day moving average price is $104.00 and its 200 day moving average price is $101.58. THOR Industries, Inc. has a 1 year low of $84.54 and a 1 year high of $129.31. The company has a market cap of $5.75 billion, a P/E ratio of 22.04 and a beta of 1.67. 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 (NYSE:THO) last posted its earnings results on Tuesday, September 24th. The construction company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.33. The firm had revenue of $2.53 billion during 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 revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period last year, the firm posted $1.68 earnings per share. Research analysts expect that THOR Industries, Inc. will post 4.85 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

THO has been the topic of a number of analyst reports. DA Davidson reaffirmed a “neutral” rating and set a $95.00 price objective on shares of THOR Industries in a research report on Monday, September 30th. Truist Financial lifted their price target on shares of THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a report on Friday, September 20th. Citigroup raised their price objective on shares of THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. BMO Capital Markets restated an “outperform” rating and set a $120.00 target price on shares of THOR Industries in a research note on Thursday, September 19th. Finally, Benchmark reiterated a “hold” rating on shares of THOR Industries in a research note on Tuesday. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, THOR Industries currently has an average rating of “Hold” and an average target price of $110.80.

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.