Readystate Asset Management LP Purchases New Position in THOR Industries, Inc. (NYSE:THO)

Readystate Asset Management LP purchased a new stake in shares of THOR Industries, Inc. (NYSE:THO - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,186 shares of the construction company's stock, valued at approximately $570,000.

Other large investors have also bought and sold shares of the company. Kayne Anderson Rudnick Investment Management LLC raised its holdings in THOR Industries by 0.4% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,356,769 shares of the construction company's stock worth $500,590,000 after purchasing an additional 21,841 shares during the period. Dimensional Fund Advisors LP raised its holdings 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 worth $271,097,000 after purchasing an additional 187,019 shares during the period. ACR Alpine Capital Research LLC raised its holdings in THOR Industries by 4.3% in the second quarter. ACR Alpine Capital Research LLC now owns 1,524,303 shares of the construction company's stock worth $142,446,000 after purchasing an additional 62,716 shares during the period. Pacer Advisors Inc. raised its holdings in THOR Industries by 2.8% in the third quarter. Pacer Advisors Inc. now owns 1,171,779 shares of the construction company's stock worth $128,767,000 after purchasing an additional 31,416 shares during the period. Finally, American Century Companies Inc. raised its holdings in THOR Industries by 12.2% in the second quarter. American Century Companies Inc. now owns 723,910 shares of the construction company's stock worth $67,649,000 after purchasing an additional 78,832 shares during the period. 96.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on THO shares. Truist Financial increased 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. DA Davidson restated a "neutral" rating and set a $95.00 price objective on shares of THOR Industries in a report on Monday, September 30th. Citigroup raised 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. BMO Capital Markets reaffirmed an "outperform" rating and issued a $120.00 target price on shares of THOR Industries in a research report on Thursday, September 19th. Finally, Benchmark reaffirmed a "hold" rating on shares of THOR Industries in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $110.80.

THOR Industries Stock Performance

Shares of NYSE THO traded up $2.36 during mid-day trading on Friday, reaching $106.42. 551,888 shares of the company were exchanged, compared to its average volume of 507,995. The company's 50-day simple moving average is $109.17 and its 200-day simple moving average is $102.67. The company has a quick ratio of 0.82, a current ratio of 1.69 and a debt-to-equity ratio of 0.27. The stock has a market capitalization of $5.65 billion, a P/E ratio of 21.59 and a beta of 1.67. THOR Industries, Inc. has a twelve month low of $88.37 and a twelve month high of $129.31.

THOR Industries (NYSE:THO - Get Free Report) last posted its earnings results 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. THOR Industries had a net margin of 2.64% and a return on equity of 7.02%. The company had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.47 billion. During the same quarter last year, the company posted $1.68 EPS. THOR Industries's quarterly revenue was down 7.4% compared to the same quarter last year. As a group, research analysts predict that THOR Industries, Inc. will post 4.85 earnings per share for the current year.

THOR Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a $0.50 dividend. This is a boost from THOR Industries's previous quarterly dividend of $0.48. The ex-dividend date was Friday, November 1st. This represents a $2.00 annualized dividend and a yield of 1.88%. THOR Industries's payout ratio is 40.57%.

Insiders Place Their Bets

In other news, VP Colleen A. Zuhl sold 4,354 shares of the business's stock in a transaction that occurred on Wednesday, October 16th. The shares were 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 in the company, valued at approximately $15,169,075. The trade was a 3.20 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 4.50% of the company's stock.

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.