Raymond James & Associates Purchases 17,095 Shares of THOR Industries, Inc. (NYSE:THO)

Raymond James & Associates boosted its holdings in THOR Industries, Inc. (NYSE:THO - Free Report) by 5.2% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 348,619 shares of the construction company's stock after buying an additional 17,095 shares during the quarter. Raymond James & Associates owned approximately 0.66% of THOR Industries worth $38,310,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Mather Group LLC. bought a new position in shares of THOR Industries in the 1st quarter valued at $30,000. UMB Bank n.a. raised its position in 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 during the last quarter. Tortoise Investment Management LLC boosted its stake in shares of THOR Industries by 77.0% during the second 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 in the last quarter. Quarry LP bought a new stake in shares of THOR Industries during the second quarter worth about $28,000. Finally, Blue Trust Inc. increased its stake 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 buying an additional 285 shares during the period. Institutional investors own 96.71% of the company's stock.

Wall Street Analyst Weigh In

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

THOR Industries Trading Down 4.0 %

NYSE THO traded down $4.33 during trading hours on Wednesday, hitting $104.25. 707,637 shares of the company's stock were exchanged, compared to its average volume of 501,867. The firm has a market cap of $5.52 billion, a price-to-earnings ratio of 22.02 and a beta of 1.67. The stock has a 50-day simple moving average of $106.13 and a 200 day simple moving average of $101.28. The company has a current ratio of 1.69, a quick ratio of 0.82 and a debt-to-equity ratio of 0.27. THOR Industries, Inc. has a 1-year low of $84.54 and a 1-year high of $129.31.

THOR Industries (NYSE:THO - Get Free Report) last issued its earnings results 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 analyst estimates of $2.47 billion. THOR Industries had a net margin of 2.64% and a return on equity of 7.02%. THOR Industries's revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.68 earnings per share. On average, equities analysts forecast that THOR Industries, Inc. will post 4.85 EPS for the current fiscal year.

THOR Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.50 per share. This is an increase from THOR Industries's previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.00 annualized dividend and a dividend yield of 1.92%. THOR Industries's payout ratio is currently 38.95%.

Insider Transactions at THOR Industries

In other THOR Industries news, VP Colleen A. Zuhl sold 4,354 shares of the business's stock in a transaction 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 sale, the vice president now owns 131,905 shares in the company, valued at approximately $15,169,075. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 4.70% of the stock is owned by insiders.

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.