THOR Industries, Inc. (NYSE:THO) Stake Raised by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in shares of THOR Industries, Inc. (NYSE:THO) by 1.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 911,232 shares of the construction company’s stock after acquiring an additional 12,758 shares during the quarter. Geode Capital Management LLC’s holdings in THOR Industries were worth $100,161,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Pacer Advisors Inc. grew its position in THOR Industries by 35.1% during the second quarter. Pacer Advisors Inc. now owns 1,140,363 shares of the construction company’s stock valued at $106,567,000 after purchasing an additional 296,583 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake 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 buying an additional 187,019 shares during the period. Natixis Advisors LLC grew its holdings in shares of THOR Industries by 51.3% during the 3rd quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company’s stock valued at $55,486,000 after acquiring an additional 171,244 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of THOR Industries by 46.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 501,479 shares of the construction company’s stock worth $55,108,000 after acquiring an additional 159,022 shares during the last quarter. Finally, Janney Montgomery Scott LLC acquired a new position in shares of THOR Industries in the third quarter worth $13,229,000. Institutional investors and hedge funds own 96.71% of the company’s stock.

Insider Buying and Selling

In related news, VP Colleen A. Zuhl sold 4,354 shares of the business’s stock in a transaction 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 transaction, the vice president now owns 131,905 shares of the company’s stock, valued at approximately $15,169,075. The trade was a 3.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 4.50% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages have commented on THO. BMO Capital Markets restated an “outperform” rating and issued a $120.00 target price on shares of THOR Industries in a research note on Thursday, September 19th. Benchmark reissued a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. Truist Financial raised their price objective on shares of THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a research report on Friday, September 20th. StockNews.com downgraded shares of THOR Industries from a “hold” rating to a “sell” rating in a research report on Friday, December 6th. Finally, Citigroup raised their price target on shares of THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, September 26th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $112.33.

THOR Industries Stock Down 5.1 %

Shares of THOR Industries stock opened at $96.84 on Thursday. THOR Industries, Inc. has a 12-month low of $88.37 and a 12-month high of $129.31. The stock has a market capitalization of $5.15 billion, a P/E ratio of 24.77 and a beta of 1.67. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. The stock has a 50 day moving average price of $108.32 and a two-hundred day moving average price of $103.17.

THOR Industries (NYSE:THO) last posted its quarterly earnings data on Tuesday, September 24th. The construction company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.33. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.47 billion. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. THOR Industries’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.68 EPS. Equities analysts expect that THOR Industries, Inc. will post 4.67 earnings per share for the current year.

THOR Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $0.50 dividend. The ex-dividend date was Friday, November 1st. This is a positive change from THOR Industries’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.07%. THOR Industries’s payout ratio is presently 51.15%.

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.