Allspring Global Investments Holdings LLC Increases Stock Position in THOR Industries, Inc. (NYSE:THO)

Allspring Global Investments Holdings LLC lifted its position in shares of THOR Industries, Inc. (NYSE:THO) by 9.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 3,754 shares of the construction company’s stock after buying an additional 327 shares during the period. Allspring Global Investments Holdings LLC’s holdings in THOR Industries were worth $413,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the company. Pacer Advisors Inc. raised its stake in THOR Industries by 35.1% during the second quarter. Pacer Advisors Inc. now owns 1,140,363 shares of the construction company’s stock worth $106,567,000 after purchasing an additional 296,583 shares during the period. Dimensional Fund Advisors LP boosted its stake 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 during the last quarter. American Century Companies Inc. boosted its stake in THOR Industries by 12.2% during the 2nd quarter. American Century Companies Inc. now owns 723,910 shares of the construction company’s stock valued at $67,649,000 after acquiring an additional 78,832 shares during the last quarter. ACR Alpine Capital Research LLC lifted its position in shares of THOR Industries by 4.3% in the 2nd quarter. ACR Alpine Capital Research LLC now owns 1,524,303 shares of the construction company’s stock worth $142,446,000 after buying an additional 62,716 shares during the last quarter. Finally, Natixis Advisors LLC lifted its position in shares of THOR Industries by 22.9% in the 2nd quarter. Natixis Advisors LLC now owns 333,678 shares of the construction company’s stock worth $31,182,000 after buying an additional 62,141 shares during the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Insider Buying and Selling

In other news, VP Colleen A. Zuhl sold 4,354 shares of the stock in a transaction on 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 approximately $15,169,075. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 4.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several analysts recently weighed in on THO shares. BMO Capital Markets reiterated an “outperform” rating and issued a $120.00 price objective on shares of THOR Industries in a research report on Thursday, September 19th. DA Davidson reaffirmed 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 lifted their price objective on shares of THOR Industries from $95.00 to $105.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. Citigroup lifted their target price on shares of THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Finally, Benchmark restated a “hold” rating on shares of THOR Industries in a report on Tuesday, October 1st. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $110.80.

THOR Industries Price Performance

NYSE THO opened at $104.58 on Friday. 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 capitalization of $5.54 billion, a PE ratio of 21.21 and a beta of 1.67. The company has a 50 day moving average price of $106.61 and a two-hundred day moving average price of $101.28. THOR Industries, Inc. has a 12-month low of $88.37 and a 12-month 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, beating analysts’ consensus estimates of $1.35 by $0.33. THOR Industries had a net margin of 2.64% and a return on equity of 7.02%. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same quarter last year, the firm posted $1.68 earnings per share. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. As a group, equities analysts predict that THOR Industries, Inc. will post 4.85 earnings per share for the current fiscal year.

THOR Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors 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 a positive change from THOR Industries’s previous quarterly dividend of $0.48. THOR Industries’s payout ratio is 38.95%.

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.