Harbor Capital Advisors Inc. Has $3.14 Million Position in THOR Industries, Inc. (NYSE:THO)

Harbor Capital Advisors Inc. raised its holdings in shares of THOR Industries, Inc. (NYSE:THO - Free Report) by 102.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,591 shares of the construction company's stock after purchasing an additional 14,485 shares during the quarter. Harbor Capital Advisors Inc. owned 0.05% of THOR Industries worth $3,142,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in THO. Gamco Investors INC. ET AL increased its holdings in shares of THOR Industries by 2.5% during the 1st quarter. Gamco Investors INC. ET AL now owns 4,100 shares of the construction company's stock valued at $481,000 after purchasing an additional 100 shares in the last quarter. Ontario Teachers Pension Plan Board lifted its position in shares of THOR Industries by 0.8% during the first quarter. Ontario Teachers Pension Plan Board now owns 13,960 shares of the construction company's stock worth $1,638,000 after purchasing an additional 108 shares in the last quarter. Tortoise Investment Management LLC increased 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 worth $27,000 after buying an additional 124 shares during the period. Allspring Global Investments Holdings LLC increased its stake in shares of THOR Industries by 2.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 5,714 shares of the construction company's stock worth $670,000 after buying an additional 131 shares during the period. Finally, Stratos Wealth Advisors LLC grew its holdings in shares of THOR Industries by 2.2% during the third quarter. Stratos Wealth Advisors LLC now owns 6,411 shares of the construction company's stock worth $705,000 after purchasing an additional 135 shares during the last quarter. Institutional investors own 96.71% of the company's stock.

Insiders Place Their Bets

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

Analysts Set New Price Targets

A number of brokerages recently commented on THO. BMO Capital Markets restated an "outperform" rating and issued a $120.00 price objective on shares of THOR Industries in a research report on Thursday, September 19th. Truist Financial raised their price target on shares of THOR Industries from $95.00 to $105.00 and gave the company a "hold" rating in a report on Friday, September 20th. 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. Citigroup increased their price objective on shares of THOR Industries from $119.00 to $124.00 and gave the stock a "buy" rating in a report on Thursday, September 26th. Finally, Benchmark reissued a "hold" rating on shares of THOR Industries in a research note on Tuesday, October 1st. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, THOR Industries presently has an average rating of "Moderate Buy" and an average target price of $110.80.

THOR Industries Stock Up 3.3 %

THOR Industries stock traded up $3.45 during mid-day trading on Tuesday, reaching $108.43. The stock had a trading volume of 466,952 shares, compared to its average volume of 499,684. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.69 and a quick ratio of 0.82. The company has a market capitalization of $5.74 billion, a price-to-earnings ratio of 21.29 and a beta of 1.67. The company has a 50-day moving average price of $106.55 and a two-hundred day moving average price of $101.36. THOR Industries, Inc. has a one year low of $88.37 and a one year high of $129.31.

THOR Industries (NYSE:THO - Get Free Report) last announced its quarterly 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. 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 analyst estimates of $2.47 billion. During the same quarter last year, the firm posted $1.68 earnings per share. The business's revenue for the quarter was down 7.4% on a year-over-year basis. On average, analysts expect 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 will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend 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 (DPR) is 40.57%.

THOR Industries Company 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.