THOR Industries, Inc. (NYSE:THO) Position Lessened by Amalgamated Bank

Amalgamated Bank lowered its position in shares of THOR Industries, Inc. (NYSE:THO - Free Report) by 23.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,267 shares of the construction company's stock after selling 7,759 shares during the quarter. Amalgamated Bank's holdings in THOR Industries were worth $2,777,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC raised its stake in 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 buying an additional 21,841 shares in the last quarter. Dimensional Fund Advisors LP raised 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 worth $271,097,000 after purchasing an additional 187,019 shares during the period. ACR Alpine Capital Research LLC raised its position in shares of THOR Industries by 4.3% during 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 purchasing an additional 62,716 shares during the period. Pacer Advisors Inc. raised its position in shares of THOR Industries by 35.1% during the 2nd quarter. Pacer Advisors Inc. now owns 1,140,363 shares of the construction company's stock worth $106,567,000 after purchasing an additional 296,583 shares during the period. Finally, American Century Companies Inc. raised its position in shares of THOR Industries by 12.2% during the 2nd quarter. American Century Companies Inc. now owns 723,910 shares of the construction company's stock worth $67,649,000 after purchasing an additional 78,832 shares during the period. Institutional investors and hedge funds own 96.71% of the company's stock.

Wall Street Analysts Forecast Growth

THO has been the topic of a number of research reports. Citigroup increased their price target on THOR Industries from $119.00 to $124.00 and gave the stock a "buy" rating in a research report on Thursday, September 26th. Truist Financial increased their price target on THOR Industries from $95.00 to $105.00 and gave the stock a "hold" rating in a research report on Friday, September 20th. DA Davidson reissued a "neutral" rating and issued a $95.00 price objective on shares of THOR Industries in a report on Monday, September 30th. Benchmark reissued a "hold" rating on shares of THOR Industries in a report on Tuesday, October 1st. Finally, BMO Capital Markets reissued an "outperform" rating and issued a $120.00 price objective on shares of THOR Industries in a report on Thursday, September 19th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $110.80.

Insider Transactions at THOR Industries

In other news, VP Colleen A. Zuhl sold 4,354 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $115.00, for a total value of $500,710.00. Following the completion of the sale, the vice president now owns 131,905 shares in the company, valued at $15,169,075. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.70% of the company's stock.

THOR Industries Price Performance

Shares of THO traded up $6.06 during trading hours on Monday, hitting $114.91. 558,548 shares of the company were exchanged, compared to its average volume of 499,580. The company has a market capitalization of $6.10 billion, a PE ratio of 23.31 and a beta of 1.67. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.69 and a quick ratio of 0.82. The firm has a fifty day simple moving average of $106.86 and a 200-day simple moving average of $101.66. THOR Industries, Inc. has a one year low of $88.37 and a one year high of $129.31.

THOR Industries (NYSE:THO - Get Free Report) last released its quarterly earnings data on Tuesday, September 24th. The construction company reported $1.68 earnings per share for the quarter, topping the consensus estimate 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 was down 7.4% compared to the same quarter last year. During the same period last year, the company posted $1.68 EPS. As a group, sell-side analysts predict that THOR Industries, Inc. will post 4.85 earnings per share for the current year.

THOR Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, November 1st. This is a positive change from THOR Industries's previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 1.74%. THOR Industries's dividend payout ratio (DPR) is currently 40.57%.

THOR Industries 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.