2,872 Shares in THOR Industries, Inc. (NYSE:THO) Bought by Private Advisor Group LLC

Private Advisor Group LLC acquired a new position in shares of THOR Industries, Inc. (NYSE:THO) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 2,872 shares of the construction company’s stock, valued at approximately $316,000.

Several other hedge funds and other institutional investors also recently modified their holdings of THO. BNP Paribas Financial Markets grew its stake in THOR Industries by 596.7% in the first quarter. BNP Paribas Financial Markets now owns 47,061 shares of the construction company’s stock worth $5,522,000 after purchasing an additional 40,306 shares in the last quarter. Inspire Advisors LLC grew its position in shares of THOR Industries by 9.3% in the 1st quarter. Inspire Advisors LLC now owns 1,894 shares of the construction company’s stock worth $222,000 after acquiring an additional 161 shares in the last quarter. Cetera Advisors LLC increased its holdings in shares of THOR Industries by 571.3% in the 1st quarter. Cetera Advisors LLC now owns 22,341 shares of the construction company’s stock valued at $2,622,000 after acquiring an additional 19,013 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of 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. Finally, &PARTNERS bought a new position in THOR Industries during the second quarter worth $623,000. Institutional investors own 96.71% of the company’s stock.

THOR Industries Stock Up 1.6 %

THO opened at $110.20 on Thursday. The stock’s 50 day moving average price is $106.56 and its 200 day moving average price is $101.42. 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 stock has a market cap of $5.83 billion, a P/E ratio of 22.35 and a beta of 1.67. THOR Industries, Inc. has a 12 month low of $88.37 and a 12 month high of $129.31.

THOR Industries (NYSE:THO) last issued its quarterly earnings data 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 business had revenue of $2.53 billion for 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%. The company’s revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.68 earnings per share. As a group, research analysts predict that THOR Industries, Inc. will post 4.85 earnings per share for the current year.

THOR Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, November 1st. This is a boost from THOR Industries’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 1.81%. THOR Industries’s dividend payout ratio (DPR) is 40.57%.

Analyst Upgrades and Downgrades

THO has been the subject of a number of recent research reports. Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a research report on Tuesday, October 1st. Truist Financial raised their price target on THOR Industries from $95.00 to $105.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Citigroup boosted their price objective on THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. DA Davidson reaffirmed a “neutral” rating and issued a $95.00 target price on shares of THOR Industries in a research report on Monday, September 30th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $120.00 price target on shares of THOR Industries in a report on Thursday, September 19th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $110.80.

Insider Activity

In related news, VP Colleen A. Zuhl sold 4,354 shares of the business’s 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 sale, the vice president now owns 131,905 shares of the company’s stock, valued at $15,169,075. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 4.70% 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.