Thrive Wealth Management LLC Acquires Shares of 1,830 THOR Industries, Inc. (NYSE:THO)

Thrive Wealth Management LLC bought a new position in THOR Industries, Inc. (NYSE:THO) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,830 shares of the construction company’s stock, valued at approximately $201,000.

Several other hedge funds also recently made changes to their positions in THO. Gamco Investors INC. ET AL increased its position in shares of THOR Industries by 2.5% in the first quarter. Gamco Investors INC. ET AL now owns 4,100 shares of the construction company’s stock valued at $481,000 after acquiring an additional 100 shares during the period. Ontario Teachers Pension Plan Board raised its position in THOR Industries by 0.8% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 13,960 shares of the construction company’s stock valued at $1,638,000 after purchasing an additional 108 shares during the last quarter. Parallel Advisors LLC lifted its holdings in THOR Industries by 70.8% in the 4th quarter. Parallel Advisors LLC now owns 292 shares of the construction company’s stock worth $35,000 after buying an additional 121 shares during the period. Tortoise Investment Management LLC grew its position in shares of THOR Industries by 77.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock worth $27,000 after buying an additional 124 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of THOR Industries by 2.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 5,714 shares of the construction company’s stock valued at $670,000 after buying an additional 131 shares during the period. 96.71% of the stock is owned by hedge funds and other institutional investors.

THOR Industries Stock Up 1.0 %

Shares of THO stock traded up $1.10 during trading hours on Friday, hitting $108.64. 501,950 shares of the company’s stock traded hands, compared to its average volume of 659,426. 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 stock has a market cap of $5.75 billion, a price-to-earnings ratio of 22.04 and a beta of 1.67. The stock’s fifty day simple moving average is $104.00 and its two-hundred day simple moving average is $101.58. THOR Industries, Inc. has a 12-month low of $84.54 and a 12-month high of $129.31.

THOR Industries (NYSE:THO) last released its 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. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.47 billion. THOR Industries had a return on equity of 7.02% and a net margin of 2.64%. The company’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.68 earnings per share. On average, analysts expect that THOR Industries, Inc. will post 4.85 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a research note on Tuesday. BMO Capital Markets reaffirmed an “outperform” rating and set a $120.00 target price on shares of THOR Industries in a research note on Thursday, September 19th. DA Davidson reiterated a “neutral” rating and set a $95.00 price target on shares of THOR Industries in a research report on Monday, September 30th. 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 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. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, THOR Industries has a consensus rating of “Hold” and an average 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.