GAMMA Investing LLC Boosts Stock Position in THOR Industries, Inc. (NYSE:THO)

GAMMA Investing LLC boosted its holdings in shares of THOR Industries, Inc. (NYSE:THO) by 34.7% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 780 shares of the construction company’s stock after purchasing an additional 201 shares during the period. GAMMA Investing LLC’s holdings in THOR Industries were worth $86,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Tortoise Investment Management LLC raised its stake in THOR Industries by 77.0% in the second quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock worth $27,000 after buying an additional 124 shares in the last quarter. Quarry LP bought a new stake in shares of THOR Industries during the second quarter valued at approximately $28,000. Mather Group LLC. purchased a new stake in THOR Industries in the first quarter worth $30,000. Blue Trust Inc. raised its holdings in THOR Industries by 548.1% in 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. Finally, International Assets Investment Management LLC purchased a new position in THOR Industries during the second quarter valued at $33,000. Institutional investors own 96.71% of the company’s stock.

THOR Industries Price Performance

NYSE THO opened at $110.45 on Tuesday. 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 market capitalization of $5.85 billion, a P/E ratio of 22.40 and a beta of 1.67. The company has a 50-day moving average price of $104.62 and a 200-day moving average price of $101.33. THOR Industries, Inc. has a 52 week low of $84.54 and a 52 week high of $129.31.

THOR Industries (NYSE:THO) last released its quarterly earnings results on Tuesday, September 24th. The construction company reported $1.68 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $2.47 billion. During the same period last year, the firm earned $1.68 earnings per share. The company’s quarterly revenue was down 7.4% on a year-over-year basis. Equities research analysts anticipate that THOR Industries, Inc. will post 4.85 earnings per share for the current year.

THOR Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.81%. The ex-dividend date of this dividend is Friday, November 1st. This is a positive change from THOR Industries’s previous quarterly dividend of $0.48. THOR Industries’s payout ratio is currently 38.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Truist Financial upped their price objective 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 reaffirmed an “outperform” rating and set a $120.00 price objective on shares of THOR Industries in a research report on Thursday, September 19th. Benchmark reissued a “hold” rating on shares of THOR Industries in a report on Tuesday, October 1st. Citigroup raised their price target on THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Finally, DA Davidson reiterated a “neutral” rating and issued a $95.00 price target on shares of THOR Industries in a research note on Monday, September 30th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, THOR Industries has a consensus rating of “Moderate Buy” and a consensus price target of $110.80.

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.