Private Advisor Group LLC Takes Position in THOR Industries, Inc. (NYSE:THO)

Private Advisor Group LLC bought a new position in THOR Industries, Inc. (NYSE:THO) during the third quarter, Holdings Channel.com reports. The fund bought 2,872 shares of the construction company’s stock, valued at approximately $316,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in THO. BNP Paribas Financial Markets grew its position in THOR Industries by 596.7% in the first quarter. BNP Paribas Financial Markets now owns 47,061 shares of the construction company’s stock worth $5,522,000 after buying an additional 40,306 shares during the last quarter. Inspire Advisors LLC boosted its stake in shares of THOR Industries by 9.3% during the 1st quarter. Inspire Advisors LLC now owns 1,894 shares of the construction company’s stock worth $222,000 after acquiring an additional 161 shares in the last quarter. Cetera Advisors LLC grew its holdings in shares of THOR Industries by 571.3% in the 1st quarter. Cetera Advisors LLC now owns 22,341 shares of the construction company’s stock worth $2,622,000 after acquiring an additional 19,013 shares during the last quarter. Dimensional Fund Advisors LP raised 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 worth $271,097,000 after purchasing an additional 187,019 shares during the period. Finally, &PARTNERS purchased a new stake in shares of THOR Industries during the second quarter valued at $623,000. 96.71% of the stock is owned by institutional investors and hedge funds.

THOR Industries Stock Up 1.6 %

THO opened at $110.20 on Thursday. The company has a market capitalization of $5.83 billion, a PE ratio of 22.35 and a beta of 1.67. The business has a 50-day moving average of $106.56 and a 200-day moving average of $101.42. THOR Industries, Inc. has a fifty-two week low of $88.37 and a fifty-two week high of $129.31. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.69 and a quick ratio of 0.82.

THOR Industries (NYSE:THO) last issued its quarterly earnings data on Tuesday, September 24th. The construction company reported $1.68 earnings per share for the quarter, beating 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 net margin of 2.64% and a return on equity of 7.02%. The company’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.68 earnings per share. Equities research analysts forecast that THOR Industries, Inc. will post 4.85 EPS for the current fiscal year.

THOR Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $0.50 dividend. The ex-dividend date is Friday, November 1st. This is a boost from THOR Industries’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a yield of 1.81%. THOR Industries’s dividend payout ratio is currently 40.57%.

Analyst Ratings Changes

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

Insider Buying and Selling at THOR Industries

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

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.