THOR Industries, Inc. (NYSE:THO) Shares Acquired by Blue Trust Inc.

Blue Trust Inc. raised its position in THOR Industries, Inc. (NYSE:THO) by 62.6% in the 3rd quarter, Holdings Channel reports. The fund owned 548 shares of the construction company’s stock after purchasing an additional 211 shares during the period. Blue Trust Inc.’s holdings in THOR Industries were worth $60,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in THO. Pacer Advisors Inc. grew its holdings in 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 position in THOR Industries by 6.9% in the 2nd 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 last quarter. American Century Companies Inc. grew its stake in shares of THOR Industries by 12.2% during the second 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. ACR Alpine Capital Research LLC increased its position in shares of THOR Industries by 4.3% during the second quarter. ACR Alpine Capital Research LLC now owns 1,524,303 shares of the construction company’s stock worth $142,446,000 after acquiring an additional 62,716 shares during the last quarter. Finally, Natixis Advisors LLC boosted its holdings in THOR Industries by 22.9% in the second quarter. Natixis Advisors LLC now owns 333,678 shares of the construction company’s stock valued at $31,182,000 after purchasing an additional 62,141 shares during the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Analysts Set New Price Targets

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

THOR Industries Stock Down 2.4 %

THOR Industries stock opened at $104.08 on Friday. The firm has a market capitalization of $5.51 billion, a P/E ratio of 21.11 and a beta of 1.67. The company has a 50-day simple moving average of $106.66 and a 200-day simple moving average of $101.24. THOR Industries, Inc. has a one year low of $85.38 and a one year high of $129.31. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.82 and a current ratio of 1.69.

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

THOR Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a $0.50 dividend. This is a boost from THOR Industries’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, November 1st. This represents a $2.00 annualized dividend and a dividend yield of 1.92%. THOR Industries’s dividend payout ratio is presently 40.57%.

Insider Transactions at THOR Industries

In related news, VP Colleen A. Zuhl sold 4,354 shares of THOR Industries 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 sale, the vice president now directly owns 131,905 shares in the company, valued at $15,169,075. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.70% 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.