Captrust Financial Advisors raised its position in THOR Industries, Inc. (NYSE:THO – Free Report) by 21.1% during the third quarter, Holdings Channel reports. The firm owned 2,992 shares of the construction company’s stock after purchasing an additional 521 shares during the period. Captrust Financial Advisors’ holdings in THOR Industries were worth $329,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC increased its holdings in THOR Industries by 0.4% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,356,769 shares of the construction company’s stock worth $500,590,000 after purchasing an additional 21,841 shares in the last quarter. Dimensional Fund Advisors LP lifted its position 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 acquiring an additional 187,019 shares during the period. ACR Alpine Capital Research LLC boosted its stake in THOR Industries by 4.3% during the second quarter. ACR Alpine Capital Research LLC now owns 1,524,303 shares of the construction company’s stock worth $142,446,000 after acquiring an additional 62,716 shares in the last quarter. Pacer Advisors Inc. grew its holdings in THOR Industries by 2.8% in the third quarter. Pacer Advisors Inc. now owns 1,171,779 shares of the construction company’s stock worth $128,767,000 after purchasing an additional 31,416 shares during the period. Finally, American Century Companies Inc. increased its stake in THOR Industries by 12.2% in the second quarter. American Century Companies Inc. now owns 723,910 shares of the construction company’s stock valued at $67,649,000 after purchasing an additional 78,832 shares in the last quarter. 96.71% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on the stock. Truist Financial increased their price objective 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 reissued a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. DA Davidson reaffirmed a “neutral” rating and set a $95.00 target price on shares of THOR Industries in a research report on Monday, September 30th. BMO Capital Markets reissued an “outperform” rating and issued a $120.00 price target on shares of THOR Industries in a research report on Thursday, September 19th. Finally, Citigroup upped 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. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $112.33.
Check Out Our Latest Analysis on THOR Industries
THOR Industries Price Performance
THO opened at $104.61 on Friday. THOR Industries, Inc. has a 1 year low of $88.37 and a 1 year high of $129.31. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78. The company has a market capitalization of $5.57 billion, a price-to-earnings ratio of 26.75 and a beta of 1.67. The firm’s fifty day moving average price is $108.74 and its two-hundred day moving average price is $103.09.
THOR Industries (NYSE:THO – Get Free Report) last released its quarterly 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. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.47 billion. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the previous year, the company earned $1.68 earnings per share. As a group, analysts anticipate that THOR Industries, Inc. will post 4.67 earnings per share for the current fiscal year.
THOR Industries Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.91%. This is an increase from THOR Industries’s previous quarterly dividend of $0.48. The ex-dividend date was Friday, November 1st. THOR Industries’s dividend payout ratio (DPR) is presently 51.15%.
Insider Buying and Selling
In related news, VP Colleen A. Zuhl sold 4,354 shares of the firm’s stock in a transaction dated 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 owns 131,905 shares in the company, valued at approximately $15,169,075. This trade represents a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 4.50% of the stock is currently owned by corporate insiders.
About THOR Industries
(Free Report)
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.
See Also
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