Jade Capital Advisors LLC Acquires Shares of 37,500 THOR Industries, Inc. (NYSE:THO)

Jade Capital Advisors LLC purchased a new position in THOR Industries, Inc. (NYSE:THO - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 37,500 shares of the construction company's stock, valued at approximately $4,121,000. THOR Industries comprises about 2.6% of Jade Capital Advisors LLC's investment portfolio, making the stock its 9th biggest holding. Jade Capital Advisors LLC owned 0.07% of THOR Industries as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of THO. Pacer Advisors Inc. raised its position in THOR Industries by 35.1% in the 2nd quarter. Pacer Advisors Inc. now owns 1,140,363 shares of the construction company's stock worth $106,567,000 after buying an additional 296,583 shares during the last quarter. Dimensional Fund Advisors LP grew its stake 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 purchasing an additional 187,019 shares during the period. American Century Companies Inc. grew its stake in shares of THOR Industries by 12.2% during the 2nd quarter. American Century Companies Inc. now owns 723,910 shares of the construction company's stock valued at $67,649,000 after purchasing an additional 78,832 shares during the period. ACR Alpine Capital Research LLC grew its stake 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 period. Finally, Natixis Advisors LLC grew its stake in shares of THOR Industries by 22.9% during the 2nd quarter. Natixis Advisors LLC now owns 333,678 shares of the construction company's stock valued at $31,182,000 after purchasing an additional 62,141 shares during the period. Hedge funds and other institutional investors own 96.71% of the company's stock.

Insider Activity at THOR Industries

In related news, VP Colleen A. Zuhl sold 4,354 shares of the stock in a transaction 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 sale, the vice president now owns 131,905 shares in the company, valued at approximately $15,169,075. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 4.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Citigroup boosted their price objective 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 reiterated a "neutral" rating and set a $95.00 price objective on shares of THOR Industries in a research note on Monday, September 30th. BMO Capital Markets reiterated an "outperform" rating and set a $120.00 price objective on shares of THOR Industries in a research note on Thursday, September 19th. Truist Financial boosted their price target on THOR Industries from $95.00 to $105.00 and gave the stock a "hold" rating in a report on Friday, September 20th. Finally, Benchmark reissued a "hold" rating on shares of THOR Industries in a report on Tuesday, October 1st. 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.com, the company currently has an average rating of "Moderate Buy" and an average price target of $110.80.

THOR Industries Price Performance

Shares of THO traded down $1.76 during mid-day trading on Tuesday, hitting $108.58. 488,895 shares of the stock were exchanged, compared to its average volume of 500,859. The company has a market cap of $5.75 billion, a PE ratio of 22.29 and a beta of 1.67. THOR Industries, Inc. has a 52-week low of $84.54 and a 52-week high of $129.31. The firm has a 50-day moving average of $105.98 and a two-hundred day moving average of $101.30. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.82 and a current ratio of 1.69.

THOR Industries (NYSE:THO - Get Free Report) last issued its quarterly earnings data on Tuesday, September 24th. The construction company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.33. The business had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.47 billion. THOR Industries had a return on equity of 7.02% and a net margin of 2.64%. The company's revenue for the quarter was down 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.68 EPS. On average, 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 declared a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Friday, November 1st. This is a positive change from THOR Industries's previous quarterly dividend of $0.48. THOR Industries's dividend payout ratio is presently 38.95%.

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.