PFG Investments LLC Invests $216,000 in THOR Industries, Inc. (NYSE:THO)

PFG Investments LLC acquired a new stake in THOR Industries, Inc. (NYSE:THO) in the 3rd quarter, HoldingsChannel reports. The institutional investor acquired 1,963 shares of the construction company’s stock, valued at approximately $216,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in THO. Tortoise Investment Management LLC grew its position in shares of THOR Industries by 77.0% in the second quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock valued at $27,000 after purchasing an additional 124 shares in the last quarter. Quarry LP acquired a new position in THOR Industries during the second quarter worth $28,000. UMB Bank n.a. increased its stake in shares of THOR Industries by 2,050.0% in the 3rd quarter. UMB Bank n.a. now owns 258 shares of the construction company’s stock worth $28,000 after acquiring an additional 246 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of THOR Industries by 548.1% during the 2nd quarter. Blue Trust Inc. now owns 337 shares of the construction company’s stock worth $31,000 after acquiring an additional 285 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in shares of THOR Industries during the 2nd quarter valued at about $33,000. Hedge funds and other institutional investors own 96.71% of the company’s stock.

THOR Industries Stock Down 2.4 %

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 firm has a 50 day moving average price of $106.66 and a 200 day moving average price of $101.24. THOR Industries, Inc. has a fifty-two week low of $85.38 and a fifty-two week high of $129.31. The company has a market capitalization of $5.51 billion, a PE ratio of 21.11 and a beta of 1.67.

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

THOR Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a dividend of $0.50 per share. The ex-dividend date is Friday, November 1st. This is a positive change from THOR Industries’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a yield of 1.92%. THOR Industries’s dividend payout ratio is 40.57%.

Insider Buying and Selling at THOR Industries

In other news, VP Colleen A. Zuhl sold 4,354 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $115.00, for a total transaction of $500,710.00. Following the sale, the vice president now owns 131,905 shares of the company’s stock, valued at approximately $15,169,075. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 4.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

THO has been the subject of several recent analyst reports. Benchmark restated a “hold” rating on shares of THOR Industries in a research report on Tuesday, October 1st. DA Davidson restated a “neutral” rating and set a $95.00 price target on shares of THOR Industries in a report on Monday, September 30th. Truist Financial increased their price objective on THOR Industries from $95.00 to $105.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. Citigroup increased their price objective on THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $120.00 price target on shares of THOR Industries in a research note on Thursday, September 19th. Three 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, the company has a consensus rating of “Moderate Buy” and an average target price of $110.80.

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.