Charles Schwab Investment Management Inc. Acquires 15,018 Shares of THOR Industries, Inc. (NYSE:THO)

Charles Schwab Investment Management Inc. grew its position in THOR Industries, Inc. (NYSE:THO - Free Report) by 2.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 601,435 shares of the construction company's stock after acquiring an additional 15,018 shares during the period. Charles Schwab Investment Management Inc. owned 1.13% of THOR Industries worth $66,092,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of THO. Kayne Anderson Rudnick Investment Management LLC lifted its position in THOR Industries by 0.4% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,356,769 shares of the construction company's stock worth $500,590,000 after buying an additional 21,841 shares in the last quarter. Dimensional Fund Advisors LP raised its position 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 worth $271,097,000 after purchasing an additional 187,019 shares during the last quarter. ACR Alpine Capital Research LLC lifted its holdings in 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 buying an additional 62,716 shares in the last quarter. Pacer Advisors Inc. increased its stake in shares of THOR Industries by 2.8% in the 3rd 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. lifted its stake in shares of 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 acquiring an additional 78,832 shares during the period. Institutional investors own 96.71% of the company's stock.

Analyst Ratings Changes

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

Insider Buying and Selling

In related news, VP Colleen A. Zuhl sold 4,354 shares of THOR Industries stock in a transaction that occurred 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 sale, the vice president now owns 131,905 shares of the company's stock, valued at approximately $15,169,075. This trade represents a 3.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.50% of the stock is currently owned by company insiders.

THOR Industries Trading Up 0.4 %

THOR Industries stock traded up $0.47 during mid-day trading on Friday, hitting $111.60. 292,200 shares of the company's stock were exchanged, compared to its average volume of 502,778. The company's 50 day simple moving average is $108.98 and its 200-day simple moving average is $102.51. The company has a quick ratio of 0.82, a current ratio of 1.69 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $5.93 billion, a P/E ratio of 22.54 and a beta of 1.67. THOR Industries, Inc. has a fifty-two week low of $88.37 and a fifty-two week high of $129.31.

THOR Industries (NYSE:THO - Get Free Report) last released 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 return on equity of 7.02% and a net margin of 2.64%. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same quarter last year, the firm posted $1.68 earnings per share. THOR Industries's revenue was down 7.4% compared to the same quarter last year. On average, equities analysts anticipate 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 was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a dividend of $0.50 per share. This is an increase from THOR Industries's previous quarterly dividend of $0.48. The ex-dividend date was Friday, November 1st. This represents a $2.00 annualized dividend and a dividend yield of 1.79%. THOR Industries's dividend payout ratio is currently 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.