The Manufacturers Life Insurance Company Sells 1,742 Shares of THOR Industries, Inc. (NYSE:THO)

The Manufacturers Life Insurance Company lessened its holdings in THOR Industries, Inc. (NYSE:THO) by 3.9% during the third quarter, HoldingsChannel.com reports. The firm owned 43,409 shares of the construction company’s stock after selling 1,742 shares during the period. The Manufacturers Life Insurance Company’s holdings in THOR Industries were worth $4,770,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Hancock Whitney Corp increased its stake in THOR Industries by 12.0% in the 3rd quarter. Hancock Whitney Corp now owns 7,486 shares of the construction company’s stock valued at $823,000 after buying an additional 800 shares during the last quarter. Raymond James Trust N.A. bought a new position in shares of THOR Industries in the 3rd quarter valued at about $227,000. Charles Schwab Investment Management Inc. increased its position in shares of THOR Industries by 2.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 601,435 shares of the construction company’s stock valued at $66,092,000 after acquiring an additional 15,018 shares during the last quarter. Pacer Advisors Inc. increased its position in shares of THOR Industries by 2.8% in the third quarter. Pacer Advisors Inc. now owns 1,171,779 shares of the construction company’s stock valued at $128,767,000 after acquiring an additional 31,416 shares during the last quarter. Finally, Prospera Private Wealth LLC bought a new stake in THOR Industries during the third quarter worth about $136,000. Institutional investors own 96.71% of the company’s stock.

THOR Industries Trading Up 2.3 %

Shares of THOR Industries stock opened at $106.42 on Friday. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.69 and a quick ratio of 0.82. The business has a fifty day simple moving average of $109.10 and a two-hundred day simple moving average of $102.71. THOR Industries, Inc. has a 1 year low of $88.37 and a 1 year high of $129.31. The company has a market capitalization of $5.65 billion, a price-to-earnings ratio of 21.59 and a beta of 1.67.

THOR Industries (NYSE:THO) last posted its earnings results on Tuesday, September 24th. The construction company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 2.64% and a return on equity of 7.02%. THOR Industries’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.68 EPS. Research analysts forecast that THOR Industries, Inc. will post 4.85 EPS for the current year.

THOR Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend was Friday, November 1st. This is a boost from THOR Industries’s previous quarterly dividend of $0.48. THOR Industries’s payout ratio is currently 40.57%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. DA Davidson reaffirmed a “neutral” rating and set a $95.00 price target on shares of THOR Industries in a research report on Monday, September 30th. StockNews.com cut shares of THOR Industries from a “hold” rating to a “sell” rating in a research note on Friday. Truist Financial upped their price target on shares of THOR Industries from $95.00 to $105.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. Benchmark reissued a “hold” rating on shares of THOR Industries in a research report on Tuesday. Finally, Citigroup boosted their price objective on shares of THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, THOR Industries currently has an average rating of “Hold” and an average price target of $110.80.

Insider Transactions at THOR Industries

In related news, VP Colleen A. Zuhl sold 4,354 shares of THOR Industries stock in a transaction that occurred 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 completion of the sale, the vice president now directly owns 131,905 shares of the company’s stock, valued at approximately $15,169,075. This trade represents a 3.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 4.50% 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.