THOR Industries, Inc. (NYSE:THO) Shares Sold by SFE Investment Counsel

SFE Investment Counsel reduced its position in THOR Industries, Inc. (NYSE:THO) by 5.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 18,728 shares of the construction company’s stock after selling 1,027 shares during the quarter. SFE Investment Counsel’s holdings in THOR Industries were worth $2,058,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Gamco Investors INC. ET AL increased its stake in shares of THOR Industries by 2.5% during the 1st 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 in the last quarter. Ontario Teachers Pension Plan Board raised its holdings in shares of THOR Industries by 0.8% in the first 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 during the last quarter. Tortoise Investment Management LLC lifted its position 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 acquiring an additional 124 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of THOR Industries by 2.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 5,714 shares of the construction company’s stock valued at $670,000 after acquiring an additional 131 shares during the last quarter. Finally, Stratos Wealth Advisors LLC increased its position in THOR Industries by 2.2% during the 3rd 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 in the last quarter. Hedge funds and other institutional investors 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 dated 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 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 4.70% of the stock is currently owned by insiders.

THOR Industries Price Performance

THOR Industries stock opened at $106.54 on Tuesday. The firm has a fifty day moving average of $106.44 and a 200-day moving average of $101.16. THOR Industries, Inc. has a 52-week low of $84.54 and a 52-week high of $129.31. The company has a quick ratio of 0.82, a current ratio of 1.69 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $5.64 billion, a P/E ratio of 21.61 and a beta of 1.67.

THOR Industries (NYSE:THO) last posted 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 business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.47 billion. THOR Industries had a return on equity of 7.02% and a net margin of 2.64%. The company’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.68 earnings per share. As a group, analysts predict that THOR Industries, Inc. will post 4.85 EPS for the current year.

THOR Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.88%. This is a positive change from THOR Industries’s previous quarterly dividend of $0.48. The ex-dividend date is Friday, November 1st. THOR Industries’s dividend payout ratio (DPR) is presently 38.95%.

Analyst Ratings Changes

Several research firms have issued reports on THO. DA Davidson reaffirmed a “neutral” rating and set a $95.00 price target on shares of THOR Industries in a research note on Monday, September 30th. Truist Financial lifted their target price 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. Citigroup increased their price target on THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Benchmark reissued a “hold” rating on shares of THOR Industries in a research report on Tuesday, October 1st. Finally, 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. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, THOR Industries has a consensus rating of “Moderate Buy” and a consensus target price 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.