Quarry LP Takes Position in THOR Industries, Inc. (NYSE:THO)

Quarry LP bought a new stake in shares of THOR Industries, Inc. (NYSE:THO) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 297 shares of the construction company’s stock, valued at approximately $28,000.

A number of other institutional investors have also recently added to or reduced their stakes in THO. Tortoise Investment Management LLC lifted its holdings in THOR Industries by 77.0% during the second quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock valued at $27,000 after purchasing an additional 124 shares in the last quarter. Mather Group LLC. acquired a new position in shares of THOR Industries during the first quarter valued at approximately $30,000. Blue Trust Inc. lifted its position in shares of THOR Industries by 548.1% in the second quarter. Blue Trust Inc. now owns 337 shares of the construction company’s stock valued at $31,000 after acquiring an additional 285 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of THOR Industries in the second quarter worth approximately $33,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in shares of THOR Industries during the second quarter worth approximately $39,000. Institutional investors and hedge funds own 96.71% of the company’s stock.

THOR Industries Trading Down 1.4 %

Shares of THOR Industries stock opened at $107.13 on Tuesday. The stock has a 50 day moving average of $104.02 and a 200 day moving average of $101.50. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.82 and a current ratio of 1.69. The firm has a market capitalization of $5.67 billion, a price-to-earnings ratio of 21.73 and a beta of 1.67. THOR Industries, Inc. has a fifty-two week low of $84.54 and a fifty-two 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 the consensus estimate of $1.35 by $0.33. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.47 billion. THOR Industries had a net margin of 2.64% and a return on equity of 7.02%. THOR Industries’s revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.68 EPS. As a group, research analysts predict that THOR Industries, Inc. will post 4.85 earnings per share for the current year.

Wall Street Analyst Weigh In

THO has been the topic of a number of research reports. BMO Capital Markets restated an “outperform” rating and issued a $120.00 price objective on shares of THOR Industries in a report on Thursday, September 19th. DA Davidson restated a “neutral” rating and set a $95.00 price target on shares of THOR Industries in a research report on Monday, September 30th. Truist Financial increased their price objective on shares of THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a report on Friday, September 20th. Benchmark restated a “hold” rating on shares of THOR Industries in a report on Tuesday, October 1st. Finally, Citigroup upped their price target on THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $110.80.

THOR Industries Company 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.