Mirae Asset Global Investments Co. Ltd. Sells 128 Shares of THOR Industries, Inc. (NYSE:THO)

Mirae Asset Global Investments Co. Ltd. trimmed its position in shares of THOR Industries, Inc. (NYSE:THO) by 16.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 638 shares of the construction company’s stock after selling 128 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in THOR Industries were worth $70,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Gamco Investors INC. ET AL boosted its position in THOR Industries by 2.5% in the 1st 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 period. Ontario Teachers Pension Plan Board lifted its position in THOR Industries by 0.8% during the first quarter. Ontario Teachers Pension Plan Board now owns 13,960 shares of the construction company’s stock valued at $1,638,000 after acquiring an additional 108 shares during the last quarter. Tortoise Investment Management LLC increased its stake in THOR Industries by 77.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock valued at $27,000 after purchasing an additional 124 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in THOR Industries by 2.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,714 shares of the construction company’s stock valued at $670,000 after purchasing an additional 131 shares in the last quarter. Finally, Stratos Wealth Advisors LLC increased its stake in THOR Industries by 2.2% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 6,411 shares of the construction company’s stock valued at $705,000 after purchasing an additional 135 shares in the last quarter. 96.71% of the stock is currently owned by institutional investors.

THOR Industries Stock Up 0.4 %

Shares of NYSE:THO opened at $104.98 on Tuesday. The stock has a market cap of $5.56 billion, a P/E ratio of 21.29 and a beta of 1.67. The firm has a fifty day moving average price of $106.61 and a 200 day moving average price of $101.31. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.69 and a quick ratio of 0.82. THOR Industries, Inc. has a 1-year low of $88.37 and a 1-year high of $129.31.

THOR Industries (NYSE:THO) last announced its quarterly earnings data on Tuesday, September 24th. The construction company reported $1.68 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 the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.68 EPS. Sell-side analysts predict 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 will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a dividend of $0.50 per share. The ex-dividend date is Friday, November 1st. This represents a $2.00 dividend on an annualized basis and a yield of 1.91%. This is an increase from THOR Industries’s previous quarterly dividend of $0.48. THOR Industries’s dividend payout ratio is presently 40.57%.

Insiders Place Their Bets

In other news, VP Colleen A. Zuhl sold 4,354 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $115.00, for a total value of $500,710.00. Following the completion of the transaction, the vice president now owns 131,905 shares in the company, valued at $15,169,075. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 4.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on THO. Citigroup increased 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. 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 price objective on shares of THOR Industries in a report on Thursday, September 19th. DA Davidson reissued a “neutral” rating and issued a $95.00 price target on shares of THOR Industries in a research note on Monday, September 30th. Finally, Truist Financial raised their price objective 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. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $110.80.

THOR Industries 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.