Natixis Advisors LLC Increases Position in THOR Industries, Inc. (NYSE:THO)

Natixis Advisors LLC raised its stake in shares of THOR Industries, Inc. (NYSE:THO - Free Report) by 51.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 504,922 shares of the construction company's stock after purchasing an additional 171,244 shares during the period. Natixis Advisors LLC owned approximately 0.95% of THOR Industries worth $55,486,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of THOR Industries by 0.4% in 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 acquiring an additional 21,841 shares in the last quarter. Dimensional Fund Advisors LP grew its stake 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 valued at $271,097,000 after purchasing an additional 187,019 shares during the period. ACR Alpine Capital Research LLC increased 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 valued at $142,446,000 after purchasing an additional 62,716 shares during the last quarter. Pacer Advisors Inc. raised its stake 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. boosted its holdings in shares of THOR Industries by 12.2% in the 2nd quarter. American Century Companies Inc. now owns 723,910 shares of the construction company's stock worth $67,649,000 after buying an additional 78,832 shares during the last quarter. Institutional investors and hedge funds own 96.71% of the company's stock.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other THOR Industries news, VP Colleen A. Zuhl sold 4,354 shares of the company's stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $115.00, for a total transaction of $500,710.00. Following the transaction, the vice president now owns 131,905 shares in the company, valued at approximately $15,169,075. This represents a 3.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.50% of the stock is currently owned by insiders.

THOR Industries Trading Down 0.0 %

Shares of NYSE THO traded down $0.05 during mid-day trading on Friday, hitting $109.37. The stock had a trading volume of 585,180 shares, compared to its average volume of 519,964. The business has a 50 day moving average price of $107.33 and a two-hundred day moving average price of $101.91. THOR Industries, Inc. has a 1 year low of $88.37 and a 1 year high of $129.31. 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 has a market cap of $5.81 billion, a P/E ratio of 22.18 and a beta of 1.67.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.35 by $0.33. The firm had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.47 billion. THOR Industries had a net margin of 2.64% and a return on equity of 7.02%. The company's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.68 earnings per share. On average, equities analysts anticipate that THOR Industries, Inc. will post 4.85 EPS for the current fiscal year.

THOR Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date was Friday, November 1st. This is an increase from THOR Industries's previous quarterly dividend of $0.48. THOR Industries's dividend payout ratio 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.