Accurate Wealth Management LLC Invests $526,000 in THOR Industries, Inc. (NYSE:THO)

Accurate Wealth Management LLC bought a new stake in shares of THOR Industries, Inc. (NYSE:THO - Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 4,717 shares of the construction company's stock, valued at approximately $526,000.

A number of other hedge funds have also made changes to their positions in THO. Pacer Advisors Inc. raised its stake in THOR Industries by 35.1% during the second quarter. Pacer Advisors Inc. now owns 1,140,363 shares of the construction company's stock valued at $106,567,000 after buying an additional 296,583 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 valued at $271,097,000 after acquiring an additional 187,019 shares in the last quarter. American Century Companies Inc. lifted its stake in THOR Industries by 12.2% during the second 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 last quarter. ACR Alpine Capital Research LLC lifted its stake in THOR Industries by 4.3% during the second 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 last quarter. Finally, Natixis Advisors LLC boosted its holdings in THOR Industries by 22.9% in the second quarter. Natixis Advisors LLC now owns 333,678 shares of the construction company's stock worth $31,182,000 after purchasing an additional 62,141 shares during the period. Institutional investors and hedge funds own 96.71% of the company's stock.

THOR Industries Stock Performance

Shares of THO traded up $1.61 during mid-day trading on Friday, reaching $115.57. 572,316 shares of the company's stock traded hands, compared to its average volume of 501,245. 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 business's 50-day moving average price is $105.74 and its 200-day moving average price is $101.39. The stock has a market capitalization of $6.15 billion, a P/E ratio of 23.44 and a beta of 1.67. THOR Industries, Inc. has a 12 month low of $84.54 and a 12 month high of $129.31.

THOR Industries (NYSE:THO - Get Free Report) last announced its earnings results on Tuesday, September 24th. The construction company reported $1.68 earnings per share for the quarter, beating the consensus estimate 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 the consensus estimate of $2.47 billion. During the same quarter in the previous year, the business earned $1.68 EPS. The firm's revenue for the quarter was down 7.4% on a year-over-year basis. Equities 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. Investors of record on Friday, November 1st will be issued a $0.50 dividend. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.00 annualized dividend and a yield of 1.73%. This is an increase from THOR Industries's previous quarterly dividend of $0.48. THOR Industries's dividend payout ratio is presently 40.57%.

Insiders Place Their Bets

In other news, VP Colleen A. Zuhl sold 4,354 shares of the business'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 sale, the vice president now owns 131,905 shares of the company's stock, valued at approximately $15,169,075. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 4.70% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on THO shares. Benchmark restated a "hold" rating on shares of THOR Industries in a research report on Tuesday, October 1st. DA Davidson reissued a "neutral" rating and issued a $95.00 target price on shares of THOR Industries in a report on Monday, September 30th. Truist Financial upped 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. 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. Finally, BMO Capital Markets restated an "outperform" rating and set a $120.00 price objective on shares of THOR Industries in a research report 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. According to data from MarketBeat.com, THOR Industries has a consensus rating of "Moderate Buy" and a consensus price target of $110.80.

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.