THOR Industries, Inc. (NYSE:THO) Holdings Boosted by International Assets Investment Management LLC

International Assets Investment Management LLC raised its stake in shares of THOR Industries, Inc. (NYSE:THO - Free Report) by 11,865.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 41,758 shares of the construction company's stock after acquiring an additional 41,409 shares during the quarter. International Assets Investment Management LLC owned approximately 0.08% of THOR Industries worth $4,589,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in THO. BNP Paribas Financial Markets lifted its stake in THOR Industries by 596.7% during the first quarter. BNP Paribas Financial Markets now owns 47,061 shares of the construction company's stock worth $5,522,000 after purchasing an additional 40,306 shares during the last quarter. Inspire Advisors LLC lifted its position in shares of THOR Industries by 9.3% in the 1st quarter. Inspire Advisors LLC now owns 1,894 shares of the construction company's stock worth $222,000 after buying an additional 161 shares during the last quarter. Cetera Advisors LLC boosted its holdings in shares of THOR Industries by 571.3% in the 1st quarter. Cetera Advisors LLC now owns 22,341 shares of the construction company's stock valued at $2,622,000 after buying an additional 19,013 shares during the period. &PARTNERS bought a new stake in shares of THOR Industries during the 2nd quarter valued at about $623,000. Finally, Dimensional Fund Advisors LP raised its stake in THOR Industries by 6.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,901,024 shares of the construction company's stock worth $271,097,000 after acquiring an additional 187,019 shares during the period. 96.71% of the stock is owned by institutional investors and hedge funds.

THOR Industries Stock Performance

Shares of THO traded up $1.00 during trading hours on Friday, reaching $104.58. 416,734 shares of the company's stock traded hands, compared to its average volume of 514,595. The firm has a market capitalization of $5.54 billion, a price-to-earnings ratio of 21.21 and a beta of 1.67. The business's fifty day simple moving average is $106.61 and its two-hundred day simple moving average is $101.28. THOR Industries, Inc. has a twelve month low of $88.37 and a twelve month high of $129.31. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.69 and a quick ratio of 0.82.

THOR Industries (NYSE:THO - Get Free Report) last released its earnings results on Tuesday, September 24th. The construction company reported $1.68 EPS for the quarter, beating the consensus estimate 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%. THOR Industries's quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter last year, the company earned $1.68 EPS. Analysts predict that THOR Industries, Inc. will post 4.85 earnings per share for the current year.

THOR Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be paid a dividend of $0.50 per share. This is a positive change from THOR Industries's previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a yield of 1.91%. The ex-dividend date is Friday, November 1st. THOR Industries's dividend payout ratio (DPR) is presently 38.95%.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. 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. Benchmark restated a "hold" rating on shares of THOR Industries in a research note on Tuesday, October 1st. Citigroup raised their target price 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 restated a "neutral" rating and set a $95.00 price target on shares of THOR Industries in a research report on Monday, September 30th. Finally, BMO Capital Markets reiterated an "outperform" rating and issued 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 given a buy rating to the company. According to MarketBeat, THOR Industries presently has a consensus rating of "Moderate Buy" and an average price target of $110.80.

Insider Activity

In other news, VP Colleen A. Zuhl sold 4,354 shares of the company'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 completion of the sale, the vice president now owns 131,905 shares in the company, valued at $15,169,075. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 4.70% of the stock is owned by insiders.

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.