THOR Industries, Inc. (NYSE:THO) Shares Bought by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. increased its stake in shares of THOR Industries, Inc. (NYSE:THO - Free Report) by 418.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 82,877 shares of the construction company's stock after buying an additional 66,897 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.16% of THOR Industries worth $9,107,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Tortoise Investment Management LLC boosted its holdings in THOR Industries by 77.0% during the second quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company's stock worth $27,000 after buying an additional 124 shares in the last quarter. Quarry LP purchased a new stake in shares of THOR Industries in the second quarter valued at about $28,000. UMB Bank n.a. lifted its holdings in shares of THOR Industries by 2,050.0% in the third 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 in the last quarter. Blue Trust Inc. lifted its holdings in shares of THOR Industries by 548.1% in the second quarter. Blue Trust Inc. now owns 337 shares of the construction company's stock valued at $31,000 after purchasing an additional 285 shares in the last quarter. Finally, Van ECK Associates Corp purchased a new stake in shares of THOR Industries in the third quarter valued at about $32,000. Hedge funds and other institutional investors own 96.71% of the company's stock.

Insider Buying and Selling

In related news, VP Colleen A. Zuhl sold 4,354 shares of the company's stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $115.00, for a total transaction of $500,710.00. Following the completion of the transaction, the vice president now owns 131,905 shares of the company's stock, valued at approximately $15,169,075. This represents a 3.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 4.50% of the stock is currently owned by company insiders.

THOR Industries Trading Up 2.3 %

Shares of THO traded up $2.36 on Friday, hitting $106.42. 551,888 shares of the stock traded hands, compared to its average volume of 507,995. 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 $5.65 billion, a P/E ratio of 21.59 and a beta of 1.67. The stock's 50 day moving average is $109.17 and its two-hundred day moving average is $102.67. THOR Industries, Inc. has a 1 year low of $88.37 and a 1 year 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 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.33. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.47 billion. THOR Industries had a net margin of 2.64% and a return on equity of 7.02%. The company's quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.68 earnings per share. 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 declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a dividend of $0.50 per share. This is a positive change 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 yield of 1.88%. THOR Industries's dividend payout ratio is 40.57%.

Analyst Ratings Changes

Several brokerages have issued reports on THO. Truist Financial upped their price target on shares of THOR Industries from $95.00 to $105.00 and gave the company a "hold" rating in a report on Friday, September 20th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $120.00 price target on shares of THOR Industries in a report on Thursday, September 19th. Citigroup upped their price target on shares of THOR Industries from $119.00 to $124.00 and gave the company 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. Finally, DA Davidson reaffirmed a "neutral" rating and issued a $95.00 price target on shares of THOR Industries in a report on Monday, September 30th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $110.80.

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.