HighTower Advisors LLC Grows Position in THOR Industries, Inc. (NYSE:THO)

HighTower Advisors LLC lifted its position in shares of THOR Industries, Inc. (NYSE:THO) by 20.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 21,402 shares of the construction company’s stock after purchasing an additional 3,621 shares during the quarter. HighTower Advisors LLC’s holdings in THOR Industries were worth $2,343,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. SG Americas Securities LLC purchased a new stake in THOR Industries during the second quarter worth approximately $496,000. Envestnet Portfolio Solutions Inc. increased its holdings in THOR Industries by 20.1% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 8,101 shares of the construction company’s stock valued at $757,000 after purchasing an additional 1,354 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in THOR Industries by 28.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 21,205 shares of the construction company’s stock valued at $1,982,000 after purchasing an additional 4,737 shares in the last quarter. Blue Trust Inc. raised its position 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 purchasing an additional 285 shares during the period. Finally, Raymond James & Associates lifted its stake in shares of THOR Industries by 4.1% during the second quarter. Raymond James & Associates now owns 331,524 shares of the construction company’s stock worth $30,981,000 after purchasing an additional 12,958 shares in the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

Insider Activity at THOR Industries

In other THOR Industries news, VP Colleen A. Zuhl sold 4,354 shares of the business’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $115.00, for a total transaction of $500,710.00. Following the completion of the sale, the vice president now owns 131,905 shares in the company, valued at $15,169,075. The trade was a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.50% of the company’s stock.

THOR Industries Price Performance

Shares of THO stock opened at $104.61 on Friday. The firm has a fifty day moving average of $108.74 and a two-hundred day moving average of $103.03. The firm has a market cap of $5.57 billion, a P/E ratio of 26.75 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. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78.

THOR Industries (NYSE:THO) last issued its quarterly earnings results on Tuesday, September 24th. The construction company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.35 by $0.33. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.47 billion. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.68 earnings per share. As a group, research analysts anticipate that THOR Industries, Inc. will post 4.71 earnings per share for the current fiscal year.

THOR Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.91%. This is an increase from THOR Industries’s previous quarterly dividend of $0.48. The ex-dividend date was Friday, November 1st. THOR Industries’s payout ratio is 51.15%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on THO shares. Citigroup raised their target price on THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, September 26th. StockNews.com cut shares of THOR Industries from a “hold” rating to a “sell” rating in a research report on Friday, December 6th. Truist Financial upped 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. Bank of America initiated coverage on shares of THOR Industries in a research note on Friday. They set a “neutral” rating and a $120.00 price target on the stock. Finally, Benchmark restated a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, THOR Industries currently has a consensus rating of “Hold” and an average target price of $112.33.

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.