Retirement Systems of Alabama Sells 1,193 Shares of THOR Industries, Inc. (NYSE:THO)

Retirement Systems of Alabama lessened its stake in shares of THOR Industries, Inc. (NYSE:THO) by 1.8% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 64,623 shares of the construction company’s stock after selling 1,193 shares during the quarter. Retirement Systems of Alabama’s holdings in THOR Industries were worth $7,101,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. Natixis Advisors LLC raised its holdings in THOR Industries by 51.3% in the 3rd 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 during the period. Dimensional Fund Advisors LP raised its holdings in THOR Industries by 6.9% in 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 acquiring an additional 187,019 shares in the last quarter. &PARTNERS bought a new stake in shares of THOR Industries during the 2nd quarter valued at $623,000. Oppenheimer Asset Management Inc. grew its holdings in shares of THOR Industries by 12.6% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 387,189 shares of the construction company’s stock worth $36,183,000 after purchasing an additional 43,326 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of THOR Industries by 0.9% in the second quarter. Envestnet Asset Management Inc. now owns 639,378 shares of the construction company’s stock worth $59,750,000 after purchasing an additional 5,761 shares during the period. Institutional investors and hedge funds own 96.71% of the company’s stock.

Analyst Ratings Changes

THO has been the topic of several recent analyst reports. Truist Financial raised their target price on shares of THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a report on Friday, September 20th. BMO Capital Markets reissued an “outperform” rating and issued a $120.00 price objective on shares of THOR Industries in a research note on Thursday, September 19th. Bank of America initiated coverage on THOR Industries in a research note on Friday, December 13th. They set a “neutral” rating and a $120.00 target price for the company. Benchmark restated a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. Finally, Citigroup increased their price objective on THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, THOR Industries has an average rating of “Hold” and a consensus target price of $112.33.

Insider Buying and Selling

In other news, VP Colleen A. Zuhl sold 4,354 shares of the business’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $115.00, for a total transaction of $500,710.00. Following the completion of the sale, the vice president now directly owns 131,905 shares of the company’s stock, valued at $15,169,075. The trade was a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 4.50% of the stock is owned by company insiders.

THOR Industries Trading Up 0.5 %

NYSE THO opened at $102.03 on Wednesday. The stock has a market capitalization of $5.43 billion, a P/E ratio of 26.09 and a beta of 1.67. The business has a 50 day simple moving average of $108.52 and a 200 day simple moving average of $103.21. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78. THOR Industries, Inc. has a one year low of $88.37 and a one year high of $129.31.

THOR Industries (NYSE:THO) last posted its quarterly earnings results on Tuesday, September 24th. The construction company reported $1.68 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.47 billion. During the same period last year, the company posted $1.68 earnings per share. The business’s quarterly revenue was down 7.4% on a year-over-year basis. Research analysts expect that THOR Industries, Inc. will post 4.67 earnings per share for the current year.

THOR Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.96%. This is a positive change from THOR Industries’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, November 1st. THOR Industries’s dividend payout ratio is presently 51.15%.

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.