THOR Industries, Inc. (NYSE:THO) Shares Sold by Quantbot Technologies LP

Quantbot Technologies LP decreased its stake in shares of THOR Industries, Inc. (NYSE:THO) by 58.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,103 shares of the construction company’s stock after selling 27,991 shares during the period. Quantbot Technologies LP’s holdings in THOR Industries were worth $2,209,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of THOR Industries by 0.4% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,356,769 shares of the construction company’s stock valued at $500,590,000 after acquiring an additional 21,841 shares during the period. Dimensional Fund Advisors LP increased its position 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 purchasing an additional 187,019 shares during the period. ACR Alpine Capital Research LLC raised its stake in shares of THOR Industries by 4.3% in the 2nd quarter. ACR Alpine Capital Research LLC now owns 1,524,303 shares of the construction company’s stock worth $142,446,000 after buying an additional 62,716 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in shares of THOR Industries by 2.8% in the third quarter. Pacer Advisors Inc. now owns 1,171,779 shares of the construction company’s stock valued at $128,767,000 after buying an additional 31,416 shares during the period. Finally, American Century Companies Inc. boosted its stake in THOR Industries by 12.2% during the second quarter. American Century Companies Inc. now owns 723,910 shares of the construction company’s stock valued at $67,649,000 after buying an additional 78,832 shares in the last quarter. 96.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on THO. DA Davidson reiterated a “neutral” rating and issued a $95.00 price target on shares of THOR Industries in a research report on Monday, September 30th. Citigroup boosted their target price on shares of THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Truist Financial raised their target price on shares of THOR Industries from $95.00 to $105.00 and gave the stock a “hold” rating in a report on Friday, September 20th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $120.00 price target on shares of THOR Industries in a report on Thursday, September 19th. Finally, Benchmark reissued a “hold” rating on shares of THOR Industries in a research note on Tuesday, October 1st. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $110.80.

Insider Activity

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 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 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 sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.50% of the stock is owned by corporate insiders.

THOR Industries Stock Down 1.8 %

Shares of NYSE:THO opened at $111.13 on Friday. THOR Industries, Inc. has a 52 week low of $88.37 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 company has a market cap of $5.90 billion, a PE ratio of 22.54 and a beta of 1.67. The firm has a 50 day simple moving average of $108.91 and a 200 day simple moving average of $102.44.

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

THOR Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend was Friday, November 1st. This is a boost from THOR Industries’s previous quarterly dividend of $0.48. THOR Industries’s payout ratio is 40.57%.

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.