State Street Corp Raises Stock Position in THOR Industries, Inc. (NYSE:THO)

State Street Corp lifted its position in THOR Industries, Inc. (NYSE:THO - Free Report) by 2.1% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,624,002 shares of the construction company's stock after buying an additional 33,619 shares during the quarter. State Street Corp owned approximately 3.06% of THOR Industries worth $178,462,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Natixis Advisors LLC boosted its position in shares of THOR Industries by 51.3% during the 3rd quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company's stock valued at $55,486,000 after acquiring an additional 171,244 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of THOR Industries by 6.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,901,024 shares of the construction company's stock worth $271,097,000 after acquiring an additional 187,019 shares during the last quarter. &PARTNERS purchased a new position in THOR Industries in the second quarter worth $623,000. Oppenheimer Asset Management Inc. increased its stake in THOR Industries by 12.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 387,189 shares of the construction company's stock valued at $36,183,000 after acquiring an additional 43,326 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in THOR Industries by 0.9% during the second 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 in the last quarter. 96.71% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on THO shares. Bank of America assumed coverage on shares of THOR Industries in a research report on Friday. They set a "neutral" rating and a $120.00 price target on the stock. Truist Financial lifted their target price on shares of THOR Industries from $95.00 to $105.00 and gave the stock a "hold" rating in a research report on Friday, September 20th. BMO Capital Markets reaffirmed an "outperform" rating and set a $120.00 price objective on shares of THOR Industries in a research note on Thursday, September 19th. Benchmark reiterated a "hold" rating on shares of THOR Industries in a report on Tuesday, December 3rd. Finally, StockNews.com cut THOR Industries from a "hold" rating to a "sell" rating in a report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $112.33.

Insider Activity

In other THOR Industries news, VP Colleen A. Zuhl sold 4,354 shares of the business's stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $115.00, for a total transaction of $500,710.00. Following the completion of the sale, the vice president now directly owns 131,905 shares in the company, valued at $15,169,075. The trade was a 3.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 4.50% of the company's stock.

THOR Industries Trading Down 1.2 %

THO stock traded down $1.23 on Friday, reaching $103.90. The company's stock had a trading volume of 147,698 shares, compared to its average volume of 507,393. The firm has a market cap of $5.53 billion, a PE ratio of 26.88 and a beta of 1.67. The business has a fifty day simple moving average of $108.82 and a two-hundred day simple moving average of $102.97. THOR Industries, Inc. has a 12-month low of $88.37 and a 12-month high of $129.31. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71.

THOR Industries (NYSE:THO - Get Free Report) last released its quarterly 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. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.47 billion. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. THOR Industries's revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.68 earnings per share. As a group, research analysts forecast that THOR Industries, Inc. will post 4.71 EPS for the current year.

THOR Industries Increases Dividend

The company 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 represents a $2.00 annualized dividend and a dividend yield of 1.92%. 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 is currently 51.15%.

THOR Industries 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.