Sanctuary Advisors LLC Boosts Stake in THOR Industries, Inc. (NYSE:THO)

Sanctuary Advisors LLC raised its position in THOR Industries, Inc. (NYSE:THOFree Report) by 2.1% during the third quarter, HoldingsChannel.com reports. The firm owned 21,501 shares of the construction company’s stock after purchasing an additional 442 shares during the period. Sanctuary Advisors LLC’s holdings in THOR Industries were worth $2,412,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Pacer Advisors Inc. increased its position in shares of THOR Industries by 35.1% during the second quarter. Pacer Advisors Inc. now owns 1,140,363 shares of the construction company’s stock worth $106,567,000 after acquiring an additional 296,583 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of THOR Industries by 6.9% during the second 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 in the last quarter. Natixis Advisors LLC raised its stake in shares of THOR Industries by 51.3% during the third 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 raised its stake in shares of THOR Industries by 46.4% during 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 valued at $55,108,000 after acquiring an additional 159,022 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in shares of THOR Industries during the third quarter valued at approximately $13,229,000. 96.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. BMO Capital Markets reaffirmed an “outperform” rating and set a $120.00 price target on shares of THOR Industries in a research note on Thursday, September 19th. Truist Financial lifted their price target on shares of THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Bank of America began coverage on shares of THOR Industries in a research note on Friday, December 13th. They set a “neutral” rating and a $120.00 price target for the company. StockNews.com downgraded shares of THOR Industries from a “hold” rating to a “sell” rating in a research note on Friday, December 6th. Finally, DA Davidson reissued a “neutral” rating and issued a $95.00 price objective on shares of THOR Industries in a research note on Monday, September 30th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $112.33.

Check Out Our Latest Analysis on THOR Industries

THOR Industries Stock Performance

Shares of NYSE:THO opened at $102.03 on Wednesday. The firm has a 50 day moving average of $108.52 and a 200 day moving average of $103.21. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. THOR Industries, Inc. has a 52 week low of $88.37 and a 52 week high of $129.31. The company has a market capitalization of $5.43 billion, a price-to-earnings ratio of 26.09 and a beta of 1.67.

THOR Industries (NYSE:THOGet Free Report) last released its quarterly earnings results 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. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same period in the previous year, the company earned $1.68 earnings per share. The business’s revenue for the quarter was down 7.4% on a year-over-year basis. On average, sell-side analysts predict that THOR Industries, Inc. will post 4.67 earnings per share for the current fiscal year.

THOR Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were 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 1.96%. The ex-dividend date of this dividend was Friday, November 1st. THOR Industries’s payout ratio is currently 51.15%.

Insiders Place Their Bets

In other THOR Industries news, VP Colleen A. Zuhl sold 4,354 shares of THOR Industries stock in a transaction on Wednesday, October 16th. The shares were 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 approximately $15,169,075. The trade was a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 4.50% of the company’s stock.

THOR Industries Company Profile

(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

Want to see what other hedge funds are holding THO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for THOR Industries, Inc. (NYSE:THOFree Report).

Institutional Ownership by Quarter for THOR Industries (NYSE:THO)

Receive News & Ratings for THOR Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for THOR Industries and related companies with MarketBeat.com's FREE daily email newsletter.