Fmr LLC Purchases 2,205 Shares of THOR Industries, Inc. (NYSE:THO)

Fmr LLC grew its stake in THOR Industries, Inc. (NYSE:THO) by 8.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 29,716 shares of the construction company’s stock after acquiring an additional 2,205 shares during the period. Fmr LLC owned 0.06% of THOR Industries worth $3,265,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of THO. Pacer Advisors Inc. raised its stake in shares of THOR Industries by 35.1% in the second quarter. Pacer Advisors Inc. now owns 1,140,363 shares of the construction company’s stock worth $106,567,000 after acquiring an additional 296,583 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of THOR Industries by 6.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,901,024 shares of the construction company’s stock worth $271,097,000 after acquiring an additional 187,019 shares during the last quarter. Natixis Advisors LLC raised its stake in shares of THOR Industries by 51.3% in the third quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company’s stock worth $55,486,000 after acquiring an additional 171,244 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of THOR Industries in the third quarter worth about $13,229,000. Finally, American Century Companies Inc. raised its stake in shares of 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 acquiring an additional 78,832 shares during the last quarter. 96.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. Citigroup boosted their price target on shares of THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Truist Financial boosted their price target 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. Bank of America began coverage on shares of THOR Industries in a research note on Friday. They set a “neutral” rating and a $120.00 price target for the company. Finally, BMO Capital Markets reissued an “outperform” rating and set a $120.00 price target on shares of THOR Industries in a research note on Thursday, September 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $112.33.

Insider Activity

In other news, VP Colleen A. Zuhl sold 4,354 shares of the company’s stock in a transaction that occurred 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 $15,169,075. This represents a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 4.50% of the company’s stock.

THOR Industries Stock Down 0.5 %

Shares of NYSE THO opened at $104.61 on Friday. The stock has a market cap of $5.57 billion, a P/E ratio of 26.75 and a beta of 1.67. The firm has a 50 day moving average price of $108.74 and a 200 day moving average price of $103.03. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71. THOR Industries, Inc. has a 52-week low of $88.37 and a 52-week 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 (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.33. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.47 billion. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The business’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.68 earnings per share. Analysts expect that THOR Industries, Inc. will post 4.71 EPS for the current year.

THOR Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.91%. The ex-dividend date was Friday, November 1st. This is a boost from THOR Industries’s previous quarterly dividend of $0.48. THOR Industries’s dividend payout ratio is 51.15%.

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.