Victory Capital Management Inc. Cuts Stake in THOR Industries, Inc. (NYSE:THO)

Victory Capital Management Inc. cut its holdings in shares of THOR Industries, Inc. (NYSE:THO) by 14.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 64,031 shares of the construction company’s stock after selling 10,396 shares during the period. Victory Capital Management Inc. owned 0.12% of THOR Industries worth $7,036,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in THO. Pacer Advisors Inc. grew its holdings in shares of THOR Industries by 35.1% during 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 during the last quarter. Dimensional Fund Advisors LP grew its position in shares of THOR Industries by 6.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,901,024 shares of the construction company’s stock worth $271,097,000 after purchasing an additional 187,019 shares in the last quarter. Janney Montgomery Scott LLC purchased a new stake in THOR Industries in the 3rd quarter worth $13,229,000. American Century Companies Inc. increased its position in THOR Industries by 12.2% in the second quarter. American Century Companies Inc. now owns 723,910 shares of the construction company’s stock worth $67,649,000 after purchasing an additional 78,832 shares during the last quarter. Finally, ACR Alpine Capital Research LLC increased its position in shares of THOR Industries by 4.3% during the 2nd 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 during the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

THOR Industries Trading Up 2.1 %

Shares of THOR Industries stock opened at $110.53 on Friday. 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’s 50 day simple moving average is $108.14 and its 200-day simple moving average is $102.17. The stock has a market cap of $5.87 billion, a P/E ratio of 22.42 and a beta of 1.67. THOR Industries, Inc. has a 1-year low of $88.37 and a 1-year high of $129.31.

THOR Industries (NYSE:THO) last issued its earnings results on Tuesday, September 24th. The construction company reported $1.68 EPS for the quarter, topping 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 the consensus estimate of $2.47 billion. During the same period in the previous year, the firm earned $1.68 earnings per share. THOR Industries’s quarterly revenue was down 7.4% compared to the same quarter last year. Analysts predict that THOR Industries, Inc. will post 4.85 EPS for the current fiscal year.

THOR Industries Increases Dividend

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

Analyst Upgrades and Downgrades

THO has been the subject of a number of research analyst 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 note on Thursday, September 26th. Benchmark restated a “hold” rating on shares of THOR Industries in a research note on Tuesday, October 1st. DA Davidson reaffirmed 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 increased their price target on THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $120.00 price objective on shares of THOR Industries in a research note on Thursday, September 19th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $110.80.

Insider Buying and Selling at THOR Industries

In other news, VP Colleen A. Zuhl sold 4,354 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $115.00, for a total value of $500,710.00. Following the sale, the vice president now directly owns 131,905 shares in the company, valued at approximately $15,169,075. This trade represents a 3.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.50% of the stock is owned by corporate insiders.

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.