Radnor Capital Management LLC Invests $631,000 in THOR Industries, Inc. (NYSE:THO)

Radnor Capital Management LLC acquired a new stake in THOR Industries, Inc. (NYSE:THO - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 5,739 shares of the construction company's stock, valued at approximately $631,000.

Other hedge funds have also recently added to or reduced their stakes in the company. UMB Bank n.a. raised its stake in THOR Industries by 2,050.0% in the 3rd 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 raised its stake in THOR Industries by 77.0% in the 2nd 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 during the last quarter. Quarry LP acquired a new position in THOR Industries in the 2nd quarter valued at $28,000. Van ECK Associates Corp acquired a new position in THOR Industries in the 3rd quarter valued at $32,000. Finally, Blue Trust Inc. increased its stake in shares of THOR Industries by 548.1% in the 2nd quarter. Blue Trust Inc. now owns 337 shares of the construction company's stock worth $31,000 after acquiring an additional 285 shares during the last quarter. 96.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on THO shares. Truist Financial raised their target price on THOR Industries from $95.00 to $105.00 and gave the stock a "hold" rating in a research note on Friday, September 20th. Citigroup raised their target price on THOR Industries from $119.00 to $124.00 and gave the stock a "buy" rating in a research note on Thursday, September 26th. DA Davidson reaffirmed a "neutral" rating and issued a $95.00 target price on shares of THOR Industries in a research note on Monday, September 30th. Benchmark reaffirmed a "hold" rating on shares of THOR Industries in a research note on Tuesday, October 1st. Finally, BMO Capital Markets reaffirmed an "outperform" rating and issued a $120.00 target price on shares of THOR Industries in a research note 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 stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $110.80.

THOR Industries Trading Down 0.8 %

Shares of NYSE:THO traded down $0.91 during midday trading on Thursday, reaching $109.29. 132,677 shares of the company's stock were exchanged, compared to its average volume of 498,712. The firm's 50 day simple moving average is $106.61 and its two-hundred day simple moving average is $101.48. 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 stock has a market cap of $5.78 billion, a price-to-earnings ratio of 22.35 and a beta of 1.67. THOR Industries, Inc. has a fifty-two week low of $88.37 and a fifty-two week high of $129.31.

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 analysts' consensus estimates of $1.35 by $0.33. The firm 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 7.02% and a net margin of 2.64%. The company's quarterly revenue was down 7.4% on a year-over-year basis. During the same period last year, the company earned $1.68 EPS. As a group, sell-side analysts forecast that THOR Industries, Inc. will post 4.85 EPS for the current fiscal year.

THOR Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a $0.50 dividend. This is an increase from THOR Industries's previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend is Friday, November 1st. THOR Industries's payout ratio is currently 40.57%.

Insider Buying and Selling at THOR Industries

In other THOR Industries news, VP Colleen A. Zuhl sold 4,354 shares of THOR Industries stock in a transaction dated 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 transaction, the vice president now directly 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 legal filing with the SEC, which is available through this link. 4.70% of the stock is currently owned by corporate 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.