Arkadios Wealth Advisors Takes $212,000 Position in THOR Industries, Inc. (NYSE:THO)

Arkadios Wealth Advisors bought a new position in THOR Industries, Inc. (NYSE:THO) in the third quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 1,927 shares of the construction company’s stock, valued at approximately $212,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Shayne & Jacobs LLC raised its position in THOR Industries by 1.7% during the 3rd quarter. Shayne & Jacobs LLC now owns 22,101 shares of the construction company’s stock worth $2,429,000 after buying an additional 380 shares during the last quarter. Eagle Ridge Investment Management increased its stake in shares of THOR Industries by 3.1% in the third quarter. Eagle Ridge Investment Management now owns 109,869 shares of the construction company’s stock worth $12,074,000 after acquiring an additional 3,264 shares during the period. International Assets Investment Management LLC raised its holdings in shares of THOR Industries by 11,865.0% during the third quarter. International Assets Investment Management LLC now owns 41,758 shares of the construction company’s stock worth $4,589,000 after purchasing an additional 41,409 shares during the last quarter. Private Advisor Group LLC purchased a new stake in THOR Industries in the third quarter valued at $316,000. Finally, Jade Capital Advisors LLC acquired a new stake in THOR Industries during the 3rd quarter worth about $4,121,000. Institutional investors and hedge funds own 96.71% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Truist Financial upped their target price on THOR Industries from $95.00 to $105.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. DA Davidson restated a “neutral” rating and issued a $95.00 price objective on shares of THOR Industries in a research report on Monday, September 30th. BMO Capital Markets reiterated an “outperform” rating and issued a $120.00 target price on shares of THOR Industries in a research note on Thursday, September 19th. Citigroup raised their price target 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. Finally, Benchmark reiterated a “hold” rating on shares of THOR Industries in a research report on Tuesday, October 1st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $110.80.

Insider Transactions at THOR Industries

In other THOR Industries news, VP Colleen A. Zuhl sold 4,354 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $115.00, for a total value of $500,710.00. Following the transaction, the vice president now owns 131,905 shares in the company, valued at approximately $15,169,075. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 4.70% of the company’s stock.

THOR Industries Price Performance

THOR Industries stock opened at $104.08 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.82 and a current ratio of 1.69. The company’s fifty day moving average price is $106.66 and its 200 day moving average price is $101.24. The stock has a market capitalization of $5.51 billion, a P/E ratio of 21.11 and a beta of 1.67. THOR Industries, Inc. has a 1 year low of $85.38 and a 1 year high of $129.31.

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

THOR Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.92%. 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%.

About THOR Industries

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.