Stephens Inc. AR Acquires Shares of 1,960 THOR Industries, Inc. (NYSE:THO)

Stephens Inc. AR acquired a new stake in shares of THOR Industries, Inc. (NYSE:THO) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm acquired 1,960 shares of the construction company’s stock, valued at approximately $215,000.

Other large investors have also bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of THOR Industries by 0.4% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,356,769 shares of the construction company’s stock worth $500,590,000 after purchasing an additional 21,841 shares during the period. Dimensional Fund Advisors LP raised its stake 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 acquiring an additional 187,019 shares during the period. ACR Alpine Capital Research LLC grew its holdings in THOR Industries by 4.3% during the 2nd quarter. ACR Alpine Capital Research LLC now owns 1,524,303 shares of the construction company’s stock valued at $142,446,000 after buying an additional 62,716 shares in the last quarter. 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 buying an additional 296,583 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in THOR Industries by 12.2% during the 2nd quarter. American Century Companies Inc. now owns 723,910 shares of the construction company’s stock valued at $67,649,000 after buying an additional 78,832 shares in the last quarter. 96.71% of the stock is currently owned by institutional investors.

Insider Activity at THOR Industries

In related news, VP Colleen A. Zuhl sold 4,354 shares of the stock in a transaction on Wednesday, October 16th. The stock was 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 of the company’s stock, valued at $15,169,075. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 4.70% of the stock is currently owned by insiders.

THOR Industries Trading Down 0.8 %

NYSE THO opened at $108.85 on Friday. THOR Industries, Inc. has a 12 month low of $88.37 and a 12 month high of $129.31. The stock has a market cap of $5.76 billion, a P/E ratio of 22.08 and a beta of 1.67. The stock’s fifty day moving average price is $106.71 and its 200-day moving average price is $101.59. The company has a current ratio of 1.69, a quick ratio of 0.82 and a debt-to-equity ratio of 0.27.

THOR Industries (NYSE:THO) last released its earnings results on Tuesday, September 24th. The construction company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.33. THOR Industries had a return on equity of 7.02% and a net margin of 2.64%. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same period in the prior year, the firm posted $1.68 earnings per share. The company’s quarterly revenue was down 7.4% on a year-over-year basis. As a group, equities analysts forecast that THOR Industries, Inc. will post 4.85 EPS for the current fiscal 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 given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, November 1st. This is a boost from THOR Industries’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 1.84%. THOR Industries’s dividend payout ratio (DPR) is 40.57%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. DA Davidson reaffirmed a “neutral” rating and set a $95.00 target price on shares of THOR Industries in a report on Monday, September 30th. Citigroup lifted their target price on THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a report on Tuesday, October 1st. BMO Capital Markets reaffirmed an “outperform” rating and set a $120.00 target price on shares of THOR Industries in a report on Thursday, September 19th. Finally, Truist Financial boosted their price objective on THOR Industries from $95.00 to $105.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, THOR Industries presently has an average 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.