THOR Industries, Inc. (NYSE:THO) Shares Sold by NBC Securities Inc.

NBC Securities Inc. lessened its holdings in shares of THOR Industries, Inc. (NYSE:THO) by 26.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,687 shares of the construction company’s stock after selling 952 shares during the period. NBC Securities Inc.’s holdings in THOR Industries were worth $295,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Mather Group LLC. acquired a new stake in shares of THOR Industries in the first quarter valued at approximately $30,000. UMB Bank n.a. grew its holdings in THOR Industries by 2,050.0% in the 3rd quarter. UMB Bank n.a. now owns 258 shares of the construction company’s stock valued at $28,000 after buying an additional 246 shares in the last quarter. Tortoise Investment Management LLC increased its stake in shares of THOR Industries by 77.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock worth $27,000 after acquiring an additional 124 shares during the last quarter. Quarry LP acquired a new stake in shares of THOR Industries in the 2nd quarter worth $28,000. Finally, Blue Trust Inc. raised its holdings in shares of THOR Industries by 548.1% during the 2nd quarter. Blue Trust Inc. now owns 337 shares of the construction company’s stock worth $31,000 after acquiring an additional 285 shares during the period. 96.71% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

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 shares were sold at an average price of $115.00, for a total value 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. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 4.70% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms recently issued reports on THO. DA Davidson restated a “neutral” rating and set a $95.00 price objective on shares of THOR Industries in a research report on Monday, September 30th. Truist Financial raised their price target on shares of THOR Industries from $95.00 to $105.00 and gave the stock a “hold” rating in a report on Friday, September 20th. BMO Capital Markets reiterated an “outperform” rating and issued a $120.00 price objective on shares of THOR Industries in a report on Thursday, September 19th. Benchmark reissued a “hold” rating on shares of THOR Industries in a research note on Tuesday, October 1st. Finally, Citigroup increased their price target on THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.80.

THOR Industries Stock Up 1.4 %

Shares of NYSE THO opened at $115.57 on Friday. 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 business’s 50 day moving average is $105.74 and its two-hundred day moving average is $101.47. THOR Industries, Inc. has a 52-week low of $84.54 and a 52-week high of $129.31. The firm has a market cap of $6.12 billion, a price-to-earnings ratio of 23.44 and a beta of 1.67.

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

THOR Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.73%. This is a boost from THOR Industries’s previous quarterly dividend of $0.48. THOR Industries’s payout ratio is 38.95%.

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.