Entropy Technologies LP Makes New $502,000 Investment in THOR Industries, Inc. (NYSE:THO)

Entropy Technologies LP acquired a new stake in THOR Industries, Inc. (NYSE:THO) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,570 shares of the construction company’s stock, valued at approximately $502,000.

A number of other hedge funds have also modified their holdings of THO. Pacer Advisors Inc. boosted its stake in THOR Industries by 35.1% during the 2nd quarter. Pacer Advisors Inc. now owns 1,140,363 shares of the construction company’s stock worth $106,567,000 after purchasing an additional 296,583 shares during the period. Dimensional Fund Advisors LP boosted its stake 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 buying an additional 187,019 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of THOR Industries during the third quarter worth about $13,229,000. American Century Companies Inc. increased its position in THOR Industries by 12.2% in the 2nd 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. Finally, ACR Alpine Capital Research LLC increased its position in THOR Industries by 4.3% in the 2nd quarter. ACR Alpine Capital Research LLC now owns 1,524,303 shares of the construction company’s stock valued at $142,446,000 after acquiring an additional 62,716 shares during the period. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

THOR Industries Stock Performance

NYSE:THO opened at $109.32 on Friday. The firm’s fifty day simple moving average is $107.33 and its 200-day simple moving average is $101.89. The company has a quick ratio of 0.82, a current ratio of 1.69 and a debt-to-equity ratio of 0.27. The stock has a market cap of $5.80 billion, a PE ratio of 22.17 and a beta of 1.67. THOR Industries, Inc. has a fifty-two week low of $88.37 and a fifty-two week 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, beating analysts’ consensus estimates of $1.35 by $0.33. The company 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 firm’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same period last year, the company posted $1.68 earnings per share. Analysts expect that THOR Industries, Inc. will post 4.85 earnings per share for the current fiscal year.

THOR Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Friday, November 1st. This is a boost from THOR Industries’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a yield of 1.83%. THOR Industries’s payout ratio is currently 40.57%.

Insiders Place Their Bets

In other news, VP Colleen A. Zuhl sold 4,354 shares of THOR Industries 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 completion of the transaction, the vice president now owns 131,905 shares of the company’s stock, valued at $15,169,075. The trade was a 3.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 4.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on THO. DA Davidson reiterated a “neutral” rating and issued a $95.00 target price on shares of THOR Industries in a research note on Monday, September 30th. Benchmark reissued a “hold” rating on shares of THOR Industries in a research note on Tuesday, October 1st. BMO Capital Markets restated an “outperform” rating and set a $120.00 price objective on shares of THOR Industries in a research report on Thursday, September 19th. Citigroup lifted their target price 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. Finally, Truist Financial boosted their price target on shares of THOR Industries from $95.00 to $105.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently 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.