Tevis Investment Management Increases Position in THOR Industries, Inc. (NYSE:THO)

Tevis Investment Management raised its holdings in shares of THOR Industries, Inc. (NYSE:THO) by 4.5% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,756 shares of the construction company’s stock after acquiring an additional 289 shares during the quarter. Tevis Investment Management’s holdings in THOR Industries were worth $742,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in THO. Gamco Investors INC. ET AL increased its holdings in shares of THOR Industries by 2.5% in the first quarter. Gamco Investors INC. ET AL now owns 4,100 shares of the construction company’s stock worth $481,000 after purchasing an additional 100 shares during the last quarter. Ontario Teachers Pension Plan Board raised its holdings in shares of THOR Industries by 0.8% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 13,960 shares of the construction company’s stock worth $1,638,000 after acquiring an additional 108 shares in the last quarter. Tortoise Investment Management LLC grew its holdings in shares of THOR Industries by 77.0% in the second quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock valued at $27,000 after purchasing an additional 124 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in 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. Finally, Stratos Wealth Advisors LLC increased its position in THOR Industries by 2.2% in the third quarter. Stratos Wealth Advisors LLC now owns 6,411 shares of the construction company’s stock worth $705,000 after purchasing an additional 135 shares during the last quarter. Institutional investors own 96.71% of the company’s stock.

THOR Industries Price Performance

Shares of THO stock opened at $106.68 on Thursday. The stock has a 50 day moving average price of $106.66 and a 200 day moving average price of $101.24. THOR Industries, Inc. has a 52-week low of $85.38 and a 52-week high of $129.31. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.82 and a current ratio of 1.69. The firm has a market capitalization of $5.65 billion, a P/E ratio of 21.64 and a beta of 1.67.

THOR Industries (NYSE:THO) last issued its earnings results on Tuesday, September 24th. The construction company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.33. The firm had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.47 billion. THOR Industries had a net margin of 2.64% and a return on equity of 7.02%. The business’s revenue was down 7.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.68 earnings per share. As a group, sell-side analysts predict that THOR Industries, Inc. will post 4.85 earnings per share for the current year.

THOR Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a $0.50 dividend. This is an increase from THOR Industries’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date of this dividend is Friday, November 1st. THOR Industries’s dividend payout ratio is currently 38.95%.

Wall Street Analysts Forecast Growth

THO has been the subject of a number of recent research reports. Truist Financial lifted their price objective on shares of THOR Industries from $95.00 to $105.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. BMO Capital Markets restated an “outperform” rating and set a $120.00 price objective on shares of THOR Industries in a research report on Thursday, September 19th. Citigroup lifted their target price on THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Benchmark restated a “hold” rating on shares of THOR Industries in a report on Tuesday, October 1st. Finally, DA Davidson restated a “neutral” rating and issued a $95.00 price target on shares of THOR Industries in a research report on Monday, September 30th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $110.80.

Insider Transactions at THOR Industries

In related news, VP Colleen A. Zuhl sold 4,354 shares of the business’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 completion of the sale, the vice president now owns 131,905 shares in the company, valued at approximately $15,169,075. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 4.70% of the company’s stock.

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.