Corient Private Wealth LP Buys Shares of 35,046 Thor Industries, Inc. $THO

Corient Private Wealth LP bought a new position in Thor Industries, Inc. (NYSE:THO - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 35,046 shares of the RV manufacturer's stock, valued at approximately $2,634,000. Corient Private Wealth LP owned about 0.07% of Thor Industries at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. Jones Financial Companies Lllp increased its position in Thor Industries by 433.3% in the 1st quarter. Jones Financial Companies Lllp now owns 7,061 shares of the RV manufacturer's stock valued at $535,000 after acquiring an additional 5,737 shares during the period. United Services Automobile Association acquired a new position in Thor Industries during the 1st quarter worth $269,000. Empowered Funds LLC acquired a new position in Thor Industries during the 1st quarter worth $1,177,000. Focus Partners Wealth bought a new position in shares of Thor Industries in the first quarter worth $255,000. Finally, Prudential Financial Inc. grew its stake in shares of Thor Industries by 20.4% in the second quarter. Prudential Financial Inc. now owns 5,534 shares of the RV manufacturer's stock worth $491,000 after purchasing an additional 937 shares in the last quarter. Institutional investors and hedge funds own 96.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on THO. Bank of America lowered their price target on Thor Industries from $120.00 to $96.00 and set a "buy" rating on the stock in a report on Thursday, June 4th. Truist Financial decreased their target price on shares of Thor Industries from $109.00 to $80.00 and set a "hold" rating for the company in a research report on Wednesday, July 8th. Benchmark restated a "hold" rating on shares of Thor Industries in a research report on Friday, June 12th. DA Davidson reduced their price target on shares of Thor Industries from $100.00 to $80.00 and set a "neutral" rating for the company in a research note on Monday, June 15th. Finally, Roth Capital set a $78.00 price objective on shares of Thor Industries in a report on Thursday, June 4th. Three equities research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $92.33.

Thor Industries Trading Down 2.1%

Shares of THO stock opened at $74.42 on Wednesday. The stock has a 50-day simple moving average of $76.98 and a 200 day simple moving average of $80.69. The stock has a market capitalization of $3.87 billion, a P/E ratio of 32.22, a P/E/G ratio of 1.67 and a beta of 1.34. Thor Industries, Inc. has a fifty-two week low of $69.71 and a fifty-two week high of $122.83. The company has a quick ratio of 0.80, a current ratio of 1.71 and a debt-to-equity ratio of 0.20.

Thor Industries (NYSE:THO - Get Free Report) last issued its quarterly earnings results on Wednesday, June 3rd. The RV manufacturer reported $1.86 EPS for the quarter, missing the consensus estimate of $1.88 by ($0.02). Thor Industries had a return on equity of 5.74% and a net margin of 2.67%.The business had revenue of $2.78 billion during the quarter, compared to the consensus estimate of $2.67 billion. During the same quarter last year, the firm posted $2.53 earnings per share. Thor Industries's revenue was down 3.9% compared to the same quarter last year. On average, sell-side analysts expect that Thor Industries, Inc. will post 3.21 earnings per share for the current fiscal year.

Thor Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were given a $0.52 dividend. The ex-dividend date was Wednesday, July 1st. This represents a $2.08 annualized dividend and a yield of 2.8%. Thor Industries's payout ratio is 90.04%.

About Thor Industries

Thor Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and related components for the leisure travel market. Through its family of well-known brands—such as Airstream, Heartland, Jayco, Keystone RV and Thor Motor Coach—the company designs, manufactures and sells a broad range of motorized and towable RVs, complemented by aftermarket parts and service solutions. Thor offers products that span travel trailers, fifth wheels, toy haulers and Class A, B and C motorhomes, addressing both entry-level and premium segments.

Founded in 1980 when Wade Thompson and Peter Orthwein acquired Airstream from Beatrice Foods, Thor Industries has grown organically and through strategic acquisitions to become one of the largest RV producers in the world.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source