THOR Industries, Inc. (NYSE:THO) Shares Acquired by Stifel Financial Corp

Stifel Financial Corp lifted its stake in THOR Industries, Inc. (NYSE:THO - Free Report) by 13.7% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 208,808 shares of the construction company's stock after acquiring an additional 25,153 shares during the period. Stifel Financial Corp owned 0.39% of THOR Industries worth $22,946,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the stock. Quantinno Capital Management LP increased its position in THOR Industries by 82.8% during the 3rd quarter. Quantinno Capital Management LP now owns 21,346 shares of the construction company's stock valued at $2,346,000 after buying an additional 9,666 shares in the last quarter. Quarry LP increased its position in THOR Industries by 131.0% during the 3rd quarter. Quarry LP now owns 686 shares of the construction company's stock valued at $75,000 after buying an additional 389 shares in the last quarter. RBF Capital LLC acquired a new position in THOR Industries during the 3rd quarter valued at about $440,000. Readystate Asset Management LP acquired a new position in THOR Industries during the 3rd quarter valued at about $570,000. Finally, IHT Wealth Management LLC acquired a new position in THOR Industries during the 3rd quarter valued at about $257,000. 96.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

THO has been the topic of several recent analyst reports. DA Davidson reaffirmed a "neutral" rating and set a $95.00 target price on shares of THOR Industries in a research report on Monday, September 30th. Benchmark reiterated a "hold" rating on shares of THOR Industries in a research note on Tuesday, December 3rd. StockNews.com downgraded THOR Industries from a "hold" rating to a "sell" rating in a research note on Friday. Truist Financial boosted their price target on THOR Industries from $95.00 to $105.00 and gave the company a "hold" rating in a research note on Friday, September 20th. Finally, BMO Capital Markets reiterated an "outperform" rating and set a $120.00 price target on shares of THOR Industries in a research note on Thursday, September 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, THOR Industries has an average rating of "Hold" and an average price target of $110.80.

THOR Industries Stock Performance

Shares of THO traded down $0.67 during mid-day trading on Monday, reaching $105.75. The company had a trading volume of 549,120 shares, compared to its average volume of 508,168. THOR Industries, Inc. has a 52-week low of $88.37 and a 52-week high of $129.31. 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 $5.63 billion, a P/E ratio of 27.22 and a beta of 1.67. The stock has a 50 day moving average of $109.10 and a two-hundred day moving average of $102.78.

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

THOR Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $0.50 dividend. This is an increase from THOR Industries's previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.89%. THOR Industries's dividend payout ratio is presently 51.15%.

Insiders Place Their Bets

In other THOR Industries news, VP Colleen A. Zuhl sold 4,354 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $115.00, for a total transaction of $500,710.00. Following the transaction, the vice president now owns 131,905 shares in the company, valued at approximately $15,169,075. This represents a 3.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 4.50% of the stock is currently owned by company insiders.

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.