THOR Industries, Inc. (NYSE:THO) Shares Bought by Bleakley Financial Group LLC

Bleakley Financial Group LLC grew its stake in shares of THOR Industries, Inc. (NYSE:THO) by 5.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,260 shares of the construction company’s stock after acquiring an additional 406 shares during the period. Bleakley Financial Group LLC’s holdings in THOR Industries were worth $798,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. boosted its position in THOR Industries by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 5,295,044 shares of the construction company’s stock worth $626,139,000 after purchasing an additional 24,985 shares in the last quarter. CWM LLC boosted its position in shares of THOR Industries by 15.5% in the 1st quarter. CWM LLC now owns 992 shares of the construction company’s stock worth $116,000 after buying an additional 133 shares in the last quarter. Mather Group LLC. acquired a new stake in THOR Industries in the 1st quarter valued at about $30,000. Triad Investment Management raised its position in THOR Industries by 5.1% during the first quarter. Triad Investment Management now owns 32,123 shares of the construction company’s stock worth $3,769,000 after acquiring an additional 1,553 shares during the last quarter. Finally, ARGA Investment Management LP purchased a new stake in shares of THOR Industries in the first quarter valued at about $1,046,000. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Insider Activity at THOR Industries

In other THOR Industries news, VP Colleen A. Zuhl sold 4,354 shares of the business’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 transaction of $500,710.00. Following the completion of the sale, the vice president now directly owns 131,905 shares in the company, valued at $15,169,075. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.70% of the stock is currently owned by insiders.

THOR Industries Stock Performance

Shares of THO stock opened at $115.57 on Monday. The firm has a market capitalization of $6.12 billion, a price-to-earnings ratio of 23.44 and a beta of 1.67. The company has a 50 day moving average price of $105.74 and a 200 day moving average price of $101.39. THOR Industries, Inc. has a one year low of $84.54 and a one year high of $129.31. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.82 and a current ratio of 1.69.

THOR Industries (NYSE:THO) last issued its earnings results on Tuesday, September 24th. The construction company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.33. THOR Industries had a return on equity of 7.02% and a net margin of 2.64%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same period last year, the company posted $1.68 EPS. The business’s quarterly revenue was down 7.4% on a year-over-year basis. Sell-side analysts anticipate that THOR Industries, Inc. will post 4.85 EPS for the current year.

THOR Industries Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date is Friday, November 1st. This is an increase from THOR Industries’s previous quarterly dividend of $0.48. THOR Industries’s dividend payout ratio is 38.95%.

Wall Street Analysts Forecast Growth

THO has been the subject of several research reports. Citigroup lifted their price objective 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 reiterated an “outperform” rating and set 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 issued a $95.00 target price on shares of THOR Industries in a report on Monday, September 30th. Truist Financial lifted their price target 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. Finally, Benchmark restated a “hold” rating on shares of THOR Industries in a research report on Tuesday, October 1st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $110.80.

About THOR Industries

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.