The Manufacturers Life Insurance Company Sells 1,742 Shares of THOR Industries, Inc. (NYSE:THO)

The Manufacturers Life Insurance Company trimmed its position in THOR Industries, Inc. (NYSE:THO) by 3.9% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 43,409 shares of the construction company’s stock after selling 1,742 shares during the period. The Manufacturers Life Insurance Company owned about 0.08% of THOR Industries worth $4,770,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in THO. Tortoise Investment Management LLC boosted its holdings in 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 last quarter. Quarry LP bought a new stake in THOR Industries during the 2nd quarter worth about $28,000. UMB Bank n.a. lifted its position in THOR Industries by 2,050.0% during the 3rd quarter. UMB Bank n.a. now owns 258 shares of the construction company’s stock valued at $28,000 after purchasing an additional 246 shares during the period. Blue Trust Inc. boosted its stake in shares of THOR Industries by 548.1% in the 2nd 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 last quarter. Finally, Van ECK Associates Corp bought a new position in shares of THOR Industries in the 3rd quarter valued at about $32,000. 96.71% of the stock is owned by institutional investors and hedge funds.

THOR Industries Price Performance

Shares of THO stock opened at $106.42 on Friday. The firm has a market capitalization of $5.65 billion, a price-to-earnings ratio of 21.59 and a beta of 1.67. THOR Industries, Inc. has a 12-month low of $88.37 and a 12-month high of $129.31. 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 firm has a fifty day moving average of $109.10 and a 200-day moving average of $102.71.

THOR Industries (NYSE:THO) last posted 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 firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.47 billion. THOR Industries had a return on equity of 7.02% and a net margin of 2.64%. The company’s revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.68 earnings per share. On average, equities research analysts forecast that THOR Industries, Inc. will post 4.85 earnings per share for the current 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 issued a dividend of $0.50 per share. This is an increase from THOR Industries’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a yield of 1.88%. The ex-dividend date was Friday, November 1st. THOR Industries’s dividend payout ratio (DPR) is 40.57%.

Wall Street Analysts Forecast Growth

THO has been the topic of several analyst reports. StockNews.com lowered shares of THOR Industries from a “hold” rating to a “sell” rating in a report on Friday. Truist Financial increased their price target on THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Citigroup raised their price target on THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Benchmark reiterated a “hold” rating on shares of THOR Industries in a report on Tuesday. Finally, DA Davidson reissued a “neutral” rating and issued a $95.00 target price on shares of THOR Industries in a research note on Monday, September 30th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $110.80.

Insider Buying and Selling at THOR Industries

In other THOR Industries news, VP Colleen A. Zuhl sold 4,354 shares of the stock in a transaction dated 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 in the company, valued at approximately $15,169,075. This represents a 3.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 4.50% of the company’s stock.

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.