Oppenheimer Asset Management Inc. Reduces Stake in THOR Industries, Inc. (NYSE:THO)

Oppenheimer Asset Management Inc. trimmed its stake in shares of THOR Industries, Inc. (NYSE:THO) by 0.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 386,189 shares of the construction company’s stock after selling 1,000 shares during the period. Oppenheimer Asset Management Inc.’s holdings in THOR Industries were worth $42,438,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in THO. Cetera Advisors LLC increased its holdings in THOR Industries by 571.3% during the 1st quarter. Cetera Advisors LLC now owns 22,341 shares of the construction company’s stock worth $2,622,000 after purchasing an additional 19,013 shares during the period. Dimensional Fund Advisors LP lifted its position in THOR Industries by 6.9% in 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 purchasing an additional 187,019 shares during the period. &PARTNERS acquired a new position in shares of THOR Industries during the 2nd quarter worth $623,000. Envestnet Asset Management Inc. grew its holdings in shares of THOR Industries by 0.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 639,378 shares of the construction company’s stock worth $59,750,000 after acquiring an additional 5,761 shares during the period. Finally, Jade Capital Advisors LLC purchased a new position in THOR Industries during the 3rd quarter valued at about $4,121,000. 96.71% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other THOR Industries 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 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 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.50% of the company’s stock.

THOR Industries Trading Up 1.5 %

Shares of THO stock traded up $1.67 on Wednesday, reaching $113.42. The company had a trading volume of 19,872 shares, compared to its average volume of 497,211. The company has a current ratio of 1.69, a quick ratio of 0.82 and a debt-to-equity ratio of 0.27. THOR Industries, Inc. has a 12 month low of $88.37 and a 12 month high of $129.31. The company has a 50-day moving average of $106.99 and a 200-day moving average of $101.74. The stock has a market cap of $6.02 billion, a PE ratio of 22.67 and a beta of 1.67.

THOR Industries (NYSE:THO) last posted 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 2.64% and a return on equity of 7.02%. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same period in the prior year, the firm posted $1.68 earnings per share. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. On average, equities analysts forecast that THOR Industries, Inc. will post 4.85 earnings per share for the current year.

THOR Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.76%. This is a boost from THOR Industries’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, November 1st. THOR Industries’s dividend payout ratio is currently 40.57%.

Wall Street Analysts Forecast Growth

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

THOR Industries Company 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.