THOR Industries, Inc. (NYSE:THO) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets lessened its holdings in THOR Industries, Inc. (NYSE:THO) by 24.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 5,539 shares of the construction company’s stock after selling 1,810 shares during the quarter. BNP Paribas Financial Markets’ holdings in THOR Industries were worth $609,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. Brooklyn Investment Group acquired a new position in THOR Industries in the 3rd quarter worth approximately $38,000. FMR LLC raised its stake in shares of THOR Industries by 8.0% during the 3rd quarter. FMR LLC now owns 29,716 shares of the construction company’s stock valued at $3,265,000 after buying an additional 2,205 shares during the last quarter. Hancock Whitney Corp lifted its holdings in shares of THOR Industries by 12.0% in the 3rd quarter. Hancock Whitney Corp now owns 7,486 shares of the construction company’s stock valued at $823,000 after buying an additional 800 shares during the period. Raymond James Trust N.A. acquired a new stake in THOR Industries during the third quarter worth about $227,000. Finally, Charles Schwab Investment Management Inc. raised its position in THOR Industries by 2.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 601,435 shares of the construction company’s stock valued at $66,092,000 after acquiring an additional 15,018 shares in the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on THO. Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. StockNews.com downgraded shares of THOR Industries from a “hold” rating to a “sell” rating in a research report on Friday, December 6th. DA Davidson restated a “neutral” rating and set a $95.00 target price on shares of THOR Industries in a research report on Monday, September 30th. Citigroup upped their price target on THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Finally, Truist Financial raised their price objective on THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a report on Friday, September 20th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $110.80.

THOR Industries Stock Performance

NYSE THO opened at $105.11 on Friday. The stock has a market capitalization of $5.59 billion, a price-to-earnings ratio of 26.88 and a beta of 1.67. The business’s 50 day moving average is $108.82 and its two-hundred day moving average is $102.97. 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 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26.

THOR Industries (NYSE:THO) last released its quarterly earnings results on Tuesday, September 24th. The construction company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.33. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter in the prior year, the firm posted $1.68 EPS. The company’s revenue was down 7.4% compared to the same quarter last year. Research analysts expect that THOR Industries, Inc. will post 4.71 EPS for the current year.

THOR Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was 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 1.90%. THOR Industries’s dividend payout ratio is currently 51.15%.

Insider Transactions at THOR Industries

In related news, VP Colleen A. Zuhl sold 4,354 shares of THOR Industries 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 sale, the vice president now owns 131,905 shares in the company, valued at approximately $15,169,075. The trade was a 3.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company 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.