Zurcher Kantonalbank Zurich Cantonalbank Buys 949 Shares of THOR Industries, Inc. (NYSE:THO)

Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of THOR Industries, Inc. (NYSE:THO) by 8.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 11,884 shares of the construction company’s stock after buying an additional 949 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in THOR Industries were worth $1,306,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Tortoise Investment Management LLC raised its stake 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 acquiring an additional 124 shares during the period. Stratos Wealth Advisors LLC raised its position in THOR Industries by 2.2% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 6,411 shares of the construction company’s stock worth $705,000 after purchasing an additional 135 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of THOR Industries by 0.9% during the third quarter. Nisa Investment Advisors LLC now owns 15,776 shares of the construction company’s stock valued at $1,734,000 after buying an additional 135 shares during the period. MJP Associates Inc. ADV grew its stake in shares of THOR Industries by 7.1% during the second quarter. MJP Associates Inc. ADV now owns 2,321 shares of the construction company’s stock valued at $217,000 after buying an additional 153 shares during the last quarter. Finally, Palouse Capital Management Inc. raised its holdings in shares of THOR Industries by 25.1% in the second quarter. Palouse Capital Management Inc. now owns 793 shares of the construction company’s stock worth $74,000 after buying an additional 159 shares during the period. 96.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Citigroup boosted their price objective on THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, September 26th. BMO Capital Markets restated an “outperform” rating and issued a $120.00 price target on shares of THOR Industries in a report on Thursday, September 19th. DA Davidson reiterated a “neutral” rating and set a $95.00 price objective on shares of THOR Industries in a report on Monday, September 30th. Truist Financial upped their target price 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. Finally, Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a research note on Tuesday. Three analysts have rated the stock with a hold rating and three have assigned 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.

Insiders Place Their Bets

In other news, VP Colleen A. Zuhl sold 4,354 shares of THOR Industries stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $115.00, for a total value of $500,710.00. Following 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 4.50% of the stock is currently owned by corporate insiders.

THOR Industries Trading Down 0.9 %

NYSE:THO opened at $104.06 on Friday. The firm has a 50-day simple moving average of $109.25 and a 200-day simple moving average of $102.66. THOR Industries, Inc. has a one year low of $88.37 and a one year high of $129.31. The firm has a market cap of $5.53 billion, a P/E ratio of 21.11 and a beta of 1.67. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.82 and a current ratio of 1.69.

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

THOR Industries Increases Dividend

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

About THOR Industries

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.