Thrivent Financial for Lutherans Has $1.37 Million Position in THOR Industries, Inc. (NYSE:THO)

Thrivent Financial for Lutherans trimmed its holdings in THOR Industries, Inc. (NYSE:THO) by 3.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,498 shares of the construction company’s stock after selling 386 shares during the quarter. Thrivent Financial for Lutherans’ holdings in THOR Industries were worth $1,373,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in THO. Pacer Advisors Inc. increased its stake in shares of THOR Industries by 35.1% in the 2nd quarter. Pacer Advisors Inc. now owns 1,140,363 shares of the construction company’s stock valued at $106,567,000 after acquiring an additional 296,583 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings 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 valued at $271,097,000 after purchasing an additional 187,019 shares during the period. Natixis Advisors LLC raised its holdings in shares of THOR Industries by 51.3% during the third quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company’s stock valued at $55,486,000 after purchasing an additional 171,244 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of THOR Industries during the 3rd quarter worth about $13,229,000. Finally, American Century Companies Inc. grew its stake in shares of THOR Industries by 12.2% in the 2nd quarter. American Century Companies Inc. now owns 723,910 shares of the construction company’s stock valued at $67,649,000 after buying an additional 78,832 shares during the period. Institutional investors own 96.71% of the company’s stock.

THOR Industries Stock Performance

Shares of THO opened at $111.60 on Friday. The stock has a 50 day moving average of $109.15 and a 200 day moving average of $102.55. The company has a market capitalization of $5.93 billion, a price-to-earnings ratio of 22.64 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. The company has a current ratio of 1.69, a quick ratio of 0.82 and a debt-to-equity ratio of 0.27.

THOR Industries (NYSE:THO) last announced its earnings results on Tuesday, September 24th. The construction company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.33. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.47 billion. THOR Industries had a return on equity of 7.02% and a net margin of 2.64%. The business’s revenue was down 7.4% compared to the same quarter last year. During the same period last year, the firm posted $1.68 EPS. As a group, sell-side analysts forecast 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 was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a $0.50 dividend. This is a positive change from THOR Industries’s previous quarterly dividend of $0.48. The ex-dividend date was Friday, November 1st. This represents a $2.00 annualized dividend and a yield of 1.79%. THOR Industries’s payout ratio is currently 40.57%.

Analysts Set New Price Targets

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

Insider Buying and Selling at THOR Industries

In other THOR Industries news, VP Colleen A. Zuhl sold 4,354 shares of the firm’s 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 completion of the sale, the vice president now directly owns 131,905 shares of the company’s stock, valued at $15,169,075. This trade represents a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 4.50% of the company’s stock.

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.