Consolidated Planning Corp Makes New Investment in THOR Industries, Inc. (NYSE:THO)

Consolidated Planning Corp purchased a new position in shares of THOR Industries, Inc. (NYSE:THO - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 5,644 shares of the construction company's stock, valued at approximately $620,000.

Several other large investors also recently made changes to their positions in THO. Tortoise Investment Management LLC boosted its stake in THOR Industries by 77.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company's stock valued at $27,000 after purchasing an additional 124 shares during the period. Quarry LP bought a new stake in THOR Industries during the 2nd quarter valued at approximately $28,000. UMB Bank n.a. boosted its stake in THOR Industries by 2,050.0% during the 3rd quarter. UMB Bank n.a. now owns 258 shares of the construction company's stock valued at $28,000 after purchasing an additional 246 shares during the period. Blue Trust Inc. boosted its stake in THOR Industries by 548.1% during the 2nd quarter. Blue Trust Inc. now owns 337 shares of the construction company's stock valued at $31,000 after purchasing an additional 285 shares during the period. Finally, Van ECK Associates Corp bought a new stake in THOR Industries during the 3rd quarter valued at approximately $32,000. Institutional investors own 96.71% of the company's stock.

THOR Industries Trading Down 0.8 %

THO traded down $0.90 during mid-day trading on Friday, reaching $108.85. The stock had a trading volume of 417,555 shares, compared to its average volume of 499,308. The stock has a market capitalization of $5.76 billion, a P/E ratio of 22.08 and a beta of 1.67. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.82 and a current ratio of 1.69. The firm's fifty day simple moving average is $106.68 and its two-hundred day simple moving average is $101.54. THOR Industries, Inc. has a 52 week low of $88.37 and a 52 week high of $129.31.

THOR Industries (NYSE:THO - Get Free Report) last announced its quarterly earnings data on Tuesday, September 24th. The construction company reported $1.68 EPS for the quarter, beating 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 firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same period last year, the company earned $1.68 EPS. The business's quarterly revenue was down 7.4% compared to the same quarter last year. On average, equities analysts predict that THOR Industries, Inc. will post 4.85 EPS for the current year.

THOR Industries Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a $0.50 dividend. 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 1.84%. The ex-dividend date is Friday, November 1st. THOR Industries's dividend payout ratio (DPR) is currently 40.57%.

Analysts Set New Price Targets

Several analysts recently weighed in on THO shares. Truist Financial increased their target price on THOR Industries from $95.00 to $105.00 and gave the company a "hold" rating in a research note on Friday, September 20th. BMO Capital Markets reissued an "outperform" rating and issued a $120.00 target price on shares of THOR Industries in a report on Thursday, September 19th. Citigroup increased their target price on THOR Industries from $119.00 to $124.00 and gave the stock a "buy" rating in a report on Thursday, September 26th. Benchmark reaffirmed a "hold" rating on shares of THOR Industries in a report on Tuesday, October 1st. Finally, DA Davidson reaffirmed a "neutral" rating and set a $95.00 price target on shares of THOR Industries in a report on Monday, September 30th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus 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 firm's 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 transaction, the vice president now directly owns 131,905 shares in the company, valued at $15,169,075. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.70% of the stock is owned by corporate insiders.

THOR Industries Company 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.