Blue Trust Inc. Raises Holdings in THOR Industries, Inc. (NYSE:THO)

Blue Trust Inc. grew its holdings in THOR Industries, Inc. (NYSE:THO) by 62.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 548 shares of the construction company’s stock after buying an additional 211 shares during the quarter. Blue Trust Inc.’s holdings in THOR Industries were worth $60,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Pacer Advisors Inc. increased its position in shares of THOR Industries by 35.1% in the second 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. Dimensional Fund Advisors LP increased its holdings in THOR Industries by 6.9% during 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 in the last quarter. American Century Companies Inc. raised its position in THOR Industries by 12.2% during the second quarter. American Century Companies Inc. now owns 723,910 shares of the construction company’s stock worth $67,649,000 after acquiring an additional 78,832 shares during the last quarter. ACR Alpine Capital Research LLC lifted its holdings in shares of THOR Industries by 4.3% in the second quarter. ACR Alpine Capital Research LLC now owns 1,524,303 shares of the construction company’s stock valued at $142,446,000 after purchasing an additional 62,716 shares in the last quarter. Finally, Natixis Advisors LLC grew its position in shares of THOR Industries by 22.9% in the second quarter. Natixis Advisors LLC now owns 333,678 shares of the construction company’s stock valued at $31,182,000 after purchasing an additional 62,141 shares during the last quarter. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

THOR Industries Price Performance

THO opened at $104.08 on Friday. THOR Industries, Inc. has a 1 year low of $85.38 and a 1 year high of $129.31. The company’s 50 day simple moving average is $106.66 and its 200 day simple moving average is $101.24. The stock has a market capitalization of $5.51 billion, a PE ratio of 21.11 and a beta of 1.67. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.82 and a current ratio of 1.69.

THOR Industries (NYSE:THO) last announced its quarterly earnings results on Tuesday, September 24th. The construction company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.33. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.47 billion. THOR Industries had a net margin of 2.64% and a return on equity of 7.02%. THOR Industries’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter last year, the business earned $1.68 EPS. As a group, sell-side analysts expect that THOR Industries, Inc. will post 4.85 EPS for the current year.

THOR Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.50 per share. The ex-dividend date is Friday, November 1st. This is a positive change from THOR Industries’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a yield of 1.92%. THOR Industries’s dividend payout ratio is currently 40.57%.

Insider Transactions at THOR Industries

In other news, VP Colleen A. Zuhl sold 4,354 shares of the business’s stock in a transaction dated 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 owns 131,905 shares in the company, valued at approximately $15,169,075. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.70% of the company’s stock.

Analyst Ratings Changes

THO has been the subject of several recent research reports. Citigroup raised their price target on THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. DA Davidson reissued a “neutral” rating and issued a $95.00 target price on shares of THOR Industries in a research note on Monday, September 30th. Benchmark restated a “hold” rating on shares of THOR Industries in a report on Tuesday, October 1st. BMO Capital Markets reiterated an “outperform” rating and set a $120.00 price target on shares of THOR Industries in a report on Thursday, September 19th. Finally, Truist Financial upped their price objective on shares of THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.