Cetera Investment Advisers lifted its holdings in shares of Thor Industries, Inc. (NYSE:THO - Free Report) by 28.5% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 49,492 shares of the construction company's stock after buying an additional 10,974 shares during the period. Cetera Investment Advisers owned about 0.09% of Thor Industries worth $3,752,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also modified their holdings of the company. UMB Bank n.a. boosted its position in Thor Industries by 135.6% in the first quarter. UMB Bank n.a. now owns 483 shares of the construction company's stock valued at $37,000 after buying an additional 278 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Thor Industries by 96.3% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 805 shares of the construction company's stock valued at $61,000 after acquiring an additional 395 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new stake in shares of Thor Industries during the 4th quarter valued at $201,000. NBC Securities Inc. boosted its holdings in shares of Thor Industries by 135,500.0% during the 1st quarter. NBC Securities Inc. now owns 2,712 shares of the construction company's stock valued at $205,000 after acquiring an additional 2,710 shares in the last quarter. Finally, Oxford Asset Management LLP bought a new stake in Thor Industries during the 4th quarter worth $217,000. 96.71% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities analysts have commented on the company. Truist Financial increased their target price on Thor Industries from $72.00 to $78.00 and gave the company a "hold" rating in a research report on Tuesday, June 3rd. KeyCorp raised Thor Industries from an "underweight" rating to a "sector weight" rating in a research note on Friday, August 1st. Wall Street Zen upgraded shares of Thor Industries from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. Roth Capital set a $77.00 price target on shares of Thor Industries and gave the company a "neutral" rating in a research report on Monday, June 9th. Finally, DA Davidson raised shares of Thor Industries to a "hold" rating in a research note on Monday, April 14th. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Thor Industries presently has an average rating of "Hold" and an average target price of $87.63.
Get Our Latest Research Report on THO
Insider Activity at Thor Industries
In other Thor Industries news, Director Peter Busch Orthwein bought 3,000 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The stock was acquired at an average price of $85.40 per share, with a total value of $256,200.00. Following the completion of the purchase, the director directly owned 136,400 shares of the company's stock, valued at approximately $11,648,560. This trade represents a 2.25% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 4.50% of the stock is currently owned by insiders.
Thor Industries Stock Performance
Shares of NYSE THO remained flat at $95.84 during midday trading on Friday. 163,852 shares of the stock were exchanged, compared to its average volume of 764,190. The firm has a fifty day simple moving average of $89.97 and a 200 day simple moving average of $86.53. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.71. Thor Industries, Inc. has a 1 year low of $63.15 and a 1 year high of $118.85. The company has a market cap of $5.10 billion, a price-to-earnings ratio of 22.98, a price-to-earnings-growth ratio of 1.91 and a beta of 1.21.
Thor Industries (NYSE:THO - Get Free Report) last announced its earnings results on Wednesday, June 4th. The construction company reported $2.53 earnings per share for the quarter, topping analysts' consensus estimates of $1.79 by $0.74. The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.60 billion. Thor Industries had a net margin of 2.32% and a return on equity of 6.15%. Thor Industries's quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.13 earnings per share. Equities analysts forecast that Thor Industries, Inc. will post 4.64 earnings per share for the current fiscal year.
Thor Industries Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st were given a dividend of $0.50 per share. The ex-dividend date was Tuesday, July 1st. This represents a $2.00 annualized dividend and a dividend yield of 2.1%. Thor Industries's dividend payout ratio is presently 47.96%.
Thor Industries declared that its board has initiated a share repurchase program on Monday, June 23rd that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the construction company to repurchase up to 8.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.
Thor Industries Company Profile
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Free Report)
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.
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