309 Shares in THOR Industries, Inc. (NYSE:THO) Purchased by Van ECK Associates Corp

Van ECK Associates Corp bought a new stake in shares of THOR Industries, Inc. (NYSE:THO) in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 309 shares of the construction company’s stock, valued at approximately $32,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. raised its holdings in shares of THOR Industries by 102.7% in the third quarter. Harbor Capital Advisors Inc. now owns 28,591 shares of the construction company’s stock worth $3,142,000 after acquiring an additional 14,485 shares during the last quarter. Janney Montgomery Scott LLC acquired a new position in THOR Industries in the 3rd quarter valued at about $13,229,000. Fullcircle Wealth LLC lifted its holdings in THOR Industries by 14.8% in the 3rd quarter. Fullcircle Wealth LLC now owns 4,564 shares of the construction company’s stock valued at $486,000 after purchasing an additional 590 shares in the last quarter. Stephens Inc. AR acquired a new stake in shares of THOR Industries during the 3rd quarter worth about $215,000. Finally, Tevis Investment Management grew its holdings in shares of THOR Industries by 4.5% during the third quarter. Tevis Investment Management now owns 6,756 shares of the construction company’s stock worth $742,000 after buying an additional 289 shares in the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

THOR Industries Stock Up 0.7 %

THO opened at $109.41 on Friday. The firm has a 50 day moving average price of $107.16 and a 200 day moving average price of $101.84. 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, Inc. has a 1 year low of $88.37 and a 1 year high of $129.31. The company has a market cap of $5.81 billion, a PE ratio of 22.19 and a beta of 1.67.

THOR Industries (NYSE:THO) last announced its earnings results 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 business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same period last year, the business posted $1.68 EPS. The company’s revenue was down 7.4% on a year-over-year basis. Sell-side analysts expect that THOR Industries, Inc. will post 4.85 earnings per share for the current year.

THOR Industries Increases Dividend

The company 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. The ex-dividend date is Friday, November 1st. This represents a $2.00 dividend on an annualized basis and a yield of 1.83%. This is a positive change from THOR Industries’s previous quarterly dividend of $0.48. THOR Industries’s payout ratio is currently 40.57%.

Analyst Upgrades and Downgrades

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

Insider Activity

In other THOR Industries news, VP Colleen A. Zuhl sold 4,354 shares of the company’s 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 transaction, the vice president now directly owns 131,905 shares of the company’s stock, valued at $15,169,075. This represents a 3.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 4.50% of the company’s stock.

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.