Amalgamated Bank Sells 7,759 Shares of THOR Industries, Inc. (NYSE:THO)

Amalgamated Bank trimmed its stake in THOR Industries, Inc. (NYSE:THO) by 23.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,267 shares of the construction company’s stock after selling 7,759 shares during the period. Amalgamated Bank’s holdings in THOR Industries were worth $2,777,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Tortoise Investment Management LLC raised its holdings in THOR Industries by 77.0% in the second quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock worth $27,000 after purchasing an additional 124 shares in the last quarter. Quarry LP bought a new position in shares of THOR Industries during the 2nd quarter worth approximately $28,000. UMB Bank n.a. lifted its position in THOR Industries by 2,050.0% during the third quarter. UMB Bank n.a. now owns 258 shares of the construction company’s stock valued at $28,000 after acquiring an additional 246 shares during the last quarter. Blue Trust Inc. boosted its stake in THOR Industries by 548.1% in the second quarter. Blue Trust Inc. now owns 337 shares of the construction company’s stock valued at $31,000 after acquiring an additional 285 shares in the last quarter. Finally, Van ECK Associates Corp purchased a new position in THOR Industries in the third quarter worth $32,000. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at THOR Industries

In other THOR Industries news, VP Colleen A. Zuhl sold 4,354 shares of the firm’s stock in a transaction that occurred 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 sale, the vice president now directly owns 131,905 shares of the company’s stock, valued at approximately $15,169,075. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 4.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

THO has been the subject of several analyst reports. BMO Capital Markets reiterated an “outperform” rating and set a $120.00 price objective on shares of THOR Industries in a report on Thursday, September 19th. Citigroup boosted their price objective on shares of THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Truist Financial lifted their price target on THOR Industries from $95.00 to $105.00 and gave the stock a “hold” rating in a research report 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 note on Monday, September 30th. Finally, Benchmark reiterated a “hold” rating on shares of THOR Industries in a research report on Tuesday, October 1st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, THOR Industries has a consensus rating of “Moderate Buy” and an average target price of $110.80.

THOR Industries Stock Performance

Shares of THO stock opened at $108.85 on Monday. The company has a quick ratio of 0.82, a current ratio of 1.69 and a debt-to-equity ratio of 0.27. THOR Industries, Inc. has a 52-week low of $88.37 and a 52-week high of $129.31. The business has a 50-day simple moving average of $106.71 and a 200-day simple moving average of $101.56. The stock has a market cap of $5.78 billion, a PE ratio of 22.08 and a beta of 1.67.

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

THOR Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Friday, November 1st. This is a positive change from THOR Industries’s previous quarterly dividend of $0.48. THOR Industries’s payout ratio is currently 40.57%.

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.