Creative Planning Increases Holdings in THOR Industries, Inc. (NYSE:THO)

Creative Planning lifted its position in THOR Industries, Inc. (NYSE:THO) by 12.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,012 shares of the construction company’s stock after purchasing an additional 1,254 shares during the quarter. Creative Planning’s holdings in THOR Industries were worth $1,210,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of THO. Allspring Global Investments Holdings LLC raised its stake in shares of THOR Industries by 2.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 5,714 shares of the construction company’s stock worth $670,000 after purchasing an additional 131 shares during the last quarter. State of Michigan Retirement System raised its stake in shares of THOR Industries by 2.3% in the first quarter. State of Michigan Retirement System now owns 13,118 shares of the construction company’s stock worth $1,539,000 after purchasing an additional 300 shares during the last quarter. Retirement Systems of Alabama raised its stake in shares of THOR Industries by 0.3% in the first quarter. Retirement Systems of Alabama now owns 66,960 shares of the construction company’s stock worth $7,857,000 after purchasing an additional 233 shares during the last quarter. Centric Wealth Management raised its stake in shares of THOR Industries by 9.2% in the first quarter. Centric Wealth Management now owns 19,740 shares of the construction company’s stock worth $2,316,000 after purchasing an additional 1,659 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its stake in shares of THOR Industries by 596.7% in the first quarter. BNP Paribas Financial Markets now owns 47,061 shares of the construction company’s stock worth $5,522,000 after purchasing an additional 40,306 shares during the last quarter. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on THO. Benchmark reiterated a “hold” rating on shares of THOR Industries in a research report on Tuesday, October 1st. Citigroup lifted 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. Truist Financial lifted their price target on THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a research report on Friday, September 20th. BMO Capital Markets reiterated an “outperform” rating and set a $120.00 price target on shares of THOR Industries in a research report on Thursday, September 19th. Finally, DA Davidson reiterated a “neutral” rating and set a $95.00 price target on shares of THOR Industries in a research report on Monday, September 30th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $110.80.

THOR Industries Stock Down 2.2 %

Shares of THO opened at $106.68 on Thursday. The company has a current ratio of 1.69, a quick ratio of 0.82 and a debt-to-equity ratio of 0.27. THOR Industries, Inc. has a 12 month low of $85.38 and a 12 month high of $129.31. The stock’s 50 day moving average is $106.66 and its two-hundred day moving average is $101.24. The firm has a market cap of $5.65 billion, a P/E ratio of 21.64 and a beta of 1.67.

THOR Industries (NYSE:THO) last issued its quarterly earnings data on Tuesday, September 24th. The construction company reported $1.68 EPS for the quarter, beating 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 company 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 earned $1.68 earnings per share. THOR Industries’s quarterly revenue was down 7.4% compared to the same quarter last year. Analysts predict that THOR Industries, Inc. will post 4.85 earnings per share for the current fiscal year.

THOR Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a $0.50 dividend. This is a positive change from THOR Industries’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a yield of 1.87%. The ex-dividend date of this dividend is Friday, November 1st. THOR Industries’s dividend payout ratio (DPR) is presently 38.95%.

Insider Buying and Selling at THOR Industries

In other news, VP Colleen A. Zuhl sold 4,354 shares of THOR Industries stock in a transaction that occurred 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 sale, the vice president now directly owns 131,905 shares of the company’s stock, valued at $15,169,075. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 4.70% of the stock is owned by corporate insiders.

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.