Algert Global LLC Acquires New Shares in THOR Industries, Inc. (NYSE:THO)

Algert Global LLC acquired a new stake in shares of THOR Industries, Inc. (NYSE:THO) during the second quarter, according to its most recent filing with the SEC. The fund acquired 5,102 shares of the construction company’s stock, valued at approximately $477,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of THOR Industries by 0.4% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,356,769 shares of the construction company’s stock valued at $500,590,000 after purchasing an additional 21,841 shares during the period. Vanguard Group Inc. raised its stake in shares of THOR Industries by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 5,295,044 shares of the construction company’s stock valued at $626,139,000 after purchasing an additional 24,985 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of THOR Industries by 6.9% during the 2nd 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. ACR Alpine Capital Research LLC raised its stake 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 period. Finally, Pacer Advisors Inc. raised its stake in shares of THOR Industries by 35.1% during the 2nd quarter. Pacer Advisors Inc. now owns 1,140,363 shares of the construction company’s stock valued at $106,567,000 after purchasing an additional 296,583 shares during the period. 96.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

THO has been the subject of several recent analyst reports. Benchmark restated a “hold” rating on shares of THOR Industries in a research report on Tuesday, October 1st. Truist Financial boosted their target price on THOR Industries from $95.00 to $105.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. Citigroup boosted their target price on THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. BMO Capital Markets restated an “outperform” rating and set a $120.00 target price on shares of THOR Industries in a research report on Thursday, September 19th. Finally, 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. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $110.80.

THOR Industries Price Performance

THO opened at $107.13 on Tuesday. The stock has a 50-day moving average price of $104.02 and a 200-day moving average price of $101.50. THOR Industries, Inc. has a 12-month low of $84.54 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. The stock has a market capitalization of $5.67 billion, a P/E ratio of 21.73 and a beta of 1.67.

THOR Industries (NYSE:THO) last posted its quarterly earnings data 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. THOR Industries had a return on equity of 7.02% and a net margin of 2.64%. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.47 billion. During the same period in the prior year, the business earned $1.68 EPS. The company’s revenue for the quarter was down 7.4% compared to the same quarter last year. Equities analysts predict that THOR Industries, Inc. will post 4.85 earnings per share for the current fiscal year.

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.