Captrust Financial Advisors Acquires 521 Shares of THOR Industries, Inc. (NYSE:THO)

Captrust Financial Advisors raised its stake in shares of THOR Industries, Inc. (NYSE:THO) by 21.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,992 shares of the construction company’s stock after buying an additional 521 shares during the period. Captrust Financial Advisors’ holdings in THOR Industries were worth $329,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. SG Americas Securities LLC bought a new position in shares of THOR Industries in the second quarter worth about $496,000. Envestnet Portfolio Solutions Inc. raised its stake in THOR Industries by 20.1% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 8,101 shares of the construction company’s stock worth $757,000 after acquiring an additional 1,354 shares in the last quarter. Assenagon Asset Management S.A. lifted its holdings in shares of THOR Industries by 28.8% during the second quarter. Assenagon Asset Management S.A. now owns 21,205 shares of the construction company’s stock valued at $1,982,000 after acquiring an additional 4,737 shares during the period. Blue Trust Inc. boosted its stake in shares of THOR Industries by 548.1% in the 2nd quarter. Blue Trust Inc. now owns 337 shares of the construction company’s stock valued at $31,000 after purchasing an additional 285 shares in the last quarter. Finally, Raymond James & Associates grew its holdings in shares of THOR Industries by 4.1% in the 2nd quarter. Raymond James & Associates now owns 331,524 shares of the construction company’s stock worth $30,981,000 after purchasing an additional 12,958 shares during the last quarter. 96.71% of the stock is owned by institutional investors.

Insider Transactions 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 completion of the transaction, the vice president now directly owns 131,905 shares in the company, valued at approximately $15,169,075. This represents a 3.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.50% of the company’s stock.

THOR Industries Stock Down 0.5 %

Shares of THOR Industries stock opened at $104.61 on Friday. The stock has a market cap of $5.57 billion, a PE ratio of 26.75 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 business has a fifty day simple moving average of $108.74 and a 200 day simple moving average of $103.09. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26.

THOR Industries (NYSE:THO) last released its earnings results on Tuesday, September 24th. The construction company reported $1.68 earnings per share (EPS) for the quarter, topping 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 return on equity of 5.97% and a net margin of 2.17%. The company’s revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.68 EPS. Research analysts predict that THOR Industries, Inc. will post 4.67 EPS for the current year.

THOR Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a dividend of $0.50 per share. The ex-dividend date was 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 yield of 1.91%. THOR Industries’s payout ratio is 51.15%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on THO shares. StockNews.com downgraded shares of THOR Industries from a “hold” rating to a “sell” rating in a report on Friday, December 6th. Bank of America initiated coverage on THOR Industries in a report on Friday. They issued a “neutral” rating and a $120.00 target price on the stock. BMO Capital Markets reiterated an “outperform” rating and issued a $120.00 price objective on shares of THOR Industries in a research report on Thursday, September 19th. DA Davidson restated a “neutral” rating and set a $95.00 target price on shares of THOR Industries in a report on Monday, September 30th. Finally, Truist Financial increased their price objective 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. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $112.33.

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.