Mutual of America Capital Management LLC Sells 1,780 Shares of THOR Industries, Inc. (NYSE:THO)

Mutual of America Capital Management LLC trimmed its position in shares of THOR Industries, Inc. (NYSE:THO) by 5.8% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 28,752 shares of the construction company’s stock after selling 1,780 shares during the quarter. Mutual of America Capital Management LLC’s holdings in THOR Industries were worth $3,160,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL grew its stake in shares of THOR Industries by 2.5% during the first quarter. Gamco Investors INC. ET AL now owns 4,100 shares of the construction company’s stock valued at $481,000 after buying an additional 100 shares during the last quarter. Tortoise Investment Management LLC grew its position in THOR Industries by 77.0% in the 2nd 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. Stratos Wealth Advisors LLC increased its stake in THOR Industries by 2.2% in the third quarter. Stratos Wealth Advisors LLC now owns 6,411 shares of the construction company’s stock worth $705,000 after purchasing an additional 135 shares during the period. Nisa Investment Advisors LLC lifted its position in shares of THOR Industries by 0.9% during the third quarter. Nisa Investment Advisors LLC now owns 15,776 shares of the construction company’s stock worth $1,734,000 after purchasing an additional 135 shares during the last quarter. Finally, MJP Associates Inc. ADV boosted its stake in shares of THOR Industries by 7.1% during the second quarter. MJP Associates Inc. ADV now owns 2,321 shares of the construction company’s stock valued at $217,000 after purchasing an additional 153 shares during the period. 96.71% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at THOR Industries

In related news, VP Colleen A. Zuhl sold 4,354 shares of the stock in a transaction that occurred on 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 owns 131,905 shares of the company’s stock, valued at $15,169,075. This represents a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 4.50% of the company’s stock.

THOR Industries Stock Performance

Shares of THO stock opened at $112.22 on Friday. The company’s 50 day moving average is $108.34 and its 200 day moving average is $102.25. 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 cap of $5.96 billion, a price-to-earnings ratio of 22.76 and a beta of 1.67. THOR Industries, Inc. has a 52-week low of $88.37 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 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $2.47 billion. During the same period in the previous year, the company posted $1.68 EPS. The business’s revenue for the quarter was down 7.4% compared to the same quarter last year. On average, sell-side analysts anticipate that THOR Industries, Inc. will post 4.85 EPS for the current fiscal year.

THOR Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a $0.50 dividend. This is a boost from THOR Industries’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date of this dividend was Friday, November 1st. THOR Industries’s dividend payout ratio (DPR) is currently 40.57%.

Analyst Upgrades and Downgrades

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