THOR Industries, Inc. (NYSE:THO) Shares Acquired by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. grew its position in THOR Industries, Inc. (NYSE:THO) by 136.8% in the second quarter, HoldingsChannel reports. The fund owned 824 shares of the construction company’s stock after acquiring an additional 476 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in THOR Industries were worth $77,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Tortoise Investment Management LLC increased its stake in shares of THOR Industries by 77.0% during 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. Mather Group LLC. purchased a new stake in shares of THOR Industries during the first quarter worth about $30,000. Blue Trust Inc. increased its stake in shares of THOR Industries by 548.1% during the second quarter. Blue Trust Inc. now owns 337 shares of the construction company’s stock worth $31,000 after purchasing an additional 285 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of THOR Industries during the second quarter worth about $33,000. Finally, Parallel Advisors LLC increased its stake in shares of THOR Industries by 70.8% during the fourth quarter. Parallel Advisors LLC now owns 292 shares of the construction company’s stock worth $35,000 after purchasing an additional 121 shares in the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

THOR Industries Stock Up 1.4 %

Shares of NYSE THO opened at $109.96 on Friday. THOR Industries, Inc. has a 12-month low of $84.54 and a 12-month high of $129.31. The stock has a market cap of $5.85 billion, a PE ratio of 22.30 and a beta of 1.67. The company has a current ratio of 1.69, a quick ratio of 0.74 and a debt-to-equity ratio of 0.27. The company has a 50-day moving average of $103.10 and a 200 day moving average of $101.35.

THOR Industries (NYSE:THO) last posted its quarterly earnings results 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. THOR Industries had a net margin of 2.64% and a return on equity of 7.02%. The business had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter in the prior year, the company posted $1.68 EPS. The business’s revenue for the quarter was down 7.4% on a year-over-year basis. As a group, sell-side analysts predict that THOR Industries, Inc. will post 4.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on THO shares. Robert W. Baird cut their target price on shares of THOR Industries from $120.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, June 6th. 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. Benchmark initiated coverage on shares of THOR Industries in a research note on Thursday, July 18th. They set a “hold” rating for the company. BMO Capital Markets reaffirmed an “outperform” rating and set a $120.00 price objective on shares of THOR Industries in a research note on Thursday, September 19th. Finally, Truist Financial upped their price objective 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. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $114.75.

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.