Quantinno Capital Management LP Raises Holdings in THOR Industries, Inc. (NYSE:THO)

Quantinno Capital Management LP boosted its holdings in THOR Industries, Inc. (NYSE:THO - Free Report) by 82.8% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,346 shares of the construction company's stock after purchasing an additional 9,666 shares during the quarter. Quantinno Capital Management LP's holdings in THOR Industries were worth $2,346,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of THO. Natixis Advisors LLC increased its holdings in THOR Industries by 51.3% in the 3rd quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company's stock valued at $55,486,000 after buying an additional 171,244 shares during the period. Dimensional Fund Advisors LP increased its stake in THOR Industries by 6.9% in the second 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 during the last quarter. &PARTNERS bought a new stake in THOR Industries during the second quarter worth $623,000. Oppenheimer Asset Management Inc. boosted its holdings in shares of THOR Industries by 12.6% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 387,189 shares of the construction company's stock valued at $36,183,000 after purchasing an additional 43,326 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of THOR Industries by 0.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 639,378 shares of the construction company's stock valued at $59,750,000 after purchasing an additional 5,761 shares during the last quarter. 96.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

THO has been the subject of a number of research reports. Truist Financial raised their price objective 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. BMO Capital Markets reaffirmed an "outperform" rating and set a $120.00 price target on shares of THOR Industries in a research note on Thursday, September 19th. StockNews.com downgraded THOR Industries from a "hold" rating to a "sell" rating in a report on Friday, December 6th. Benchmark reiterated a "hold" rating on shares of THOR Industries in a report on Tuesday, December 3rd. Finally, Citigroup boosted their price target on shares of THOR Industries from $119.00 to $124.00 and gave the company a "buy" rating in a research note on Thursday, September 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, THOR Industries currently has an average rating of "Hold" and a consensus price target of $110.80.

THOR Industries Stock Up 0.5 %

THOR Industries stock traded up $0.56 during midday trading on Wednesday, hitting $107.11. 228,855 shares of the stock were exchanged, compared to its average volume of 507,903. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $5.70 billion, a price-to-earnings ratio of 27.27 and a beta of 1.67. THOR Industries, Inc. has a 52-week low of $88.37 and a 52-week high of $129.31. The business's 50-day moving average price is $108.94 and its 200-day moving average price is $102.94.

THOR Industries (NYSE:THO - Get Free Report) last issued its quarterly earnings results on Tuesday, September 24th. The construction company reported $1.68 EPS for the quarter, beating analysts' consensus estimates of $1.35 by $0.33. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.47 billion. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. THOR Industries's revenue was down 7.4% on a year-over-year basis. During the same period last year, the business posted $1.68 earnings per share. On average, research analysts expect that THOR Industries, Inc. will post 4.71 EPS for the current fiscal year.

THOR Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date was Friday, November 1st. This is an increase from THOR Industries's previous quarterly dividend of $0.48. THOR Industries's dividend payout ratio (DPR) is 51.15%.

Insiders Place Their Bets

In other news, VP Colleen A. Zuhl sold 4,354 shares of the firm'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 sale, the vice president now owns 131,905 shares in the company, valued at approximately $15,169,075. This trade represents a 3.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 4.50% of the company's stock.

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.