International Assets Investment Management LLC Buys 41,409 Shares of THOR Industries, Inc. (NYSE:THO)

International Assets Investment Management LLC increased its stake in shares of THOR Industries, Inc. (NYSE:THO) by 11,865.0% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 41,758 shares of the construction company’s stock after buying an additional 41,409 shares during the quarter. International Assets Investment Management LLC’s holdings in THOR Industries were worth $4,589,000 as of its most recent filing with the SEC.

Other hedge funds have also added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in THOR Industries by 0.4% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,356,769 shares of the construction company’s stock worth $500,590,000 after purchasing an additional 21,841 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of THOR Industries by 6.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,901,024 shares of the construction company’s stock valued at $271,097,000 after buying an additional 187,019 shares during the period. ACR Alpine Capital Research LLC lifted its holdings in shares of THOR Industries by 4.3% in the second quarter. ACR Alpine Capital Research LLC now owns 1,524,303 shares of the construction company’s stock worth $142,446,000 after buying an additional 62,716 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of THOR Industries by 35.1% in the second quarter. Pacer Advisors Inc. now owns 1,140,363 shares of the construction company’s stock valued at $106,567,000 after acquiring an additional 296,583 shares during the period. Finally, American Century Companies Inc. boosted its position in shares of THOR Industries by 12.2% in the second quarter. American Century Companies Inc. now owns 723,910 shares of the construction company’s stock valued at $67,649,000 after acquiring an additional 78,832 shares during the period. Institutional investors own 96.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. BMO Capital Markets restated an “outperform” rating and set a $120.00 price target on shares of THOR Industries in a research report on Thursday, September 19th. Citigroup boosted their target price on THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. DA Davidson reaffirmed a “neutral” rating and issued a $95.00 price target on shares of THOR Industries in a report on Monday, September 30th. Benchmark reissued a “hold” rating on shares of THOR Industries in a report on Tuesday, October 1st. Finally, Truist Financial raised their target price on shares of THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $110.80.

THOR Industries Price Performance

THO opened at $104.58 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.69 and a quick ratio of 0.82. The stock’s 50 day simple moving average is $106.61 and its 200 day simple moving average is $101.28. The firm has a market cap of $5.54 billion, a price-to-earnings ratio of 21.21 and a beta of 1.67. THOR Industries, Inc. has a 1 year low of $88.37 and a 1 year high of $129.31.

THOR Industries (NYSE:THO) last issued 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 analysts’ expectations of $2.47 billion. THOR Industries had a net margin of 2.64% and a return on equity of 7.02%. The business’s revenue was down 7.4% on a year-over-year basis. During the same quarter last year, the business earned $1.68 earnings per share. As a group, analysts predict that THOR Industries, Inc. will post 4.85 earnings per share for the current year.

THOR Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a dividend of $0.50 per share. This is an increase from THOR Industries’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Friday, November 1st. THOR Industries’s payout ratio is presently 38.95%.

Insider Buying and Selling at THOR Industries

In related news, VP Colleen A. Zuhl sold 4,354 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $115.00, for a total value of $500,710.00. Following the completion of the transaction, the vice president now directly owns 131,905 shares of the company’s stock, valued at $15,169,075. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 4.70% of the company’s stock.

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.