Charles Schwab Investment Management Inc. Increases Stock Holdings in THOR Industries, Inc. (NYSE:THO)

Charles Schwab Investment Management Inc. boosted its position in shares of THOR Industries, Inc. (NYSE:THO) by 2.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 601,435 shares of the construction company’s stock after acquiring an additional 15,018 shares during the period. Charles Schwab Investment Management Inc.’s holdings in THOR Industries were worth $66,092,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Pacer Advisors Inc. grew its position in shares of THOR Industries by 35.1% during the 2nd quarter. Pacer Advisors Inc. now owns 1,140,363 shares of the construction company’s stock valued at $106,567,000 after purchasing an additional 296,583 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in THOR Industries by 6.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,901,024 shares of the construction company’s stock valued at $271,097,000 after buying an additional 187,019 shares during the period. Natixis Advisors LLC grew its position in THOR Industries by 51.3% during the third quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company’s stock worth $55,486,000 after buying an additional 171,244 shares in the last quarter. Janney Montgomery Scott LLC bought a new position in THOR Industries in the 3rd quarter worth about $13,229,000. Finally, American Century Companies Inc. raised its holdings in shares of THOR Industries by 12.2% in the 2nd quarter. American Century Companies Inc. now owns 723,910 shares of the construction company’s stock valued at $67,649,000 after acquiring an additional 78,832 shares in the last quarter. Institutional investors own 96.71% of the company’s stock.

Analysts Set New Price Targets

THO has been the subject of several recent analyst reports. DA Davidson reissued a “neutral” rating and set a $95.00 price objective on shares of THOR Industries in a report on Monday, September 30th. Truist Financial increased 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. Benchmark reissued a “hold” rating on shares of THOR Industries in a research note on Tuesday, October 1st. BMO Capital Markets reaffirmed an “outperform” rating and set a $120.00 price target on shares of THOR Industries in a research note on Thursday, September 19th. Finally, Citigroup increased their price objective on THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $110.80.

THOR Industries Stock Performance

NYSE THO opened at $111.13 on Friday. The company has a 50-day simple moving average of $108.91 and a two-hundred day simple moving average of $102.44. THOR Industries, Inc. has a 12-month low of $88.37 and a 12-month high of $129.31. The firm has a market cap of $5.90 billion, a price-to-earnings ratio of 22.54 and a beta of 1.67. The company has a quick ratio of 0.82, a current ratio of 1.69 and a debt-to-equity ratio of 0.27.

THOR Industries (NYSE:THO) last issued its 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. The company 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%. THOR Industries’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.68 EPS. On average, equities analysts forecast that THOR Industries, Inc. will post 4.85 EPS for the current year.

THOR Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a dividend of $0.50 per share. This is a positive change from THOR Industries’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend was Friday, November 1st. THOR Industries’s dividend payout ratio is currently 40.57%.

Insiders Place Their Bets

In other news, VP Colleen A. Zuhl sold 4,354 shares of the stock in a transaction dated 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 directly owns 131,905 shares in the company, valued at approximately $15,169,075. This represents a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.50% of the company’s stock.

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.