Geode Capital Management LLC Acquires 12,758 Shares of THOR Industries, Inc. (NYSE:THO)

Geode Capital Management LLC boosted its stake in THOR Industries, Inc. (NYSE:THO - Free Report) by 1.4% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 911,232 shares of the construction company's stock after purchasing an additional 12,758 shares during the quarter. Geode Capital Management LLC owned about 1.72% of THOR Industries worth $100,161,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of THO. UMB Bank n.a. raised its position in shares of 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 buying an additional 246 shares in the last quarter. Tortoise Investment Management LLC increased its stake in THOR Industries by 77.0% in the second quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company's stock valued at $27,000 after acquiring an additional 124 shares during the last quarter. Quarry LP acquired a new position in THOR Industries during the second quarter valued at approximately $28,000. Van ECK Associates Corp acquired a new stake in shares of 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 valued at $31,000 after purchasing an additional 285 shares during the last quarter. Institutional investors own 96.71% of the company's stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Truist Financial raised their price objective on THOR Industries from $95.00 to $105.00 and gave the company a "hold" rating in a research note on Friday, September 20th. Bank of America initiated coverage on shares of THOR Industries in a research report on Friday, December 13th. They issued a "neutral" rating and a $120.00 target price on the stock. Benchmark reiterated a "hold" rating on shares of THOR Industries in a report on Tuesday, December 3rd. Citigroup raised their price objective on THOR Industries from $119.00 to $124.00 and gave the company a "buy" rating in a report on Thursday, September 26th. Finally, StockNews.com cut THOR Industries from a "hold" rating to a "sell" rating in a report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. According to MarketBeat, THOR Industries has a consensus rating of "Hold" and a consensus price target of $112.33.

THOR Industries Trading Down 0.6 %

Shares of THOR Industries stock traded down $0.58 during trading on Thursday, hitting $96.26. The company's stock had a trading volume of 670,002 shares, compared to its average volume of 510,125. The stock has a market cap of $5.12 billion, a price-to-earnings ratio of 24.62 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 stock has a 50-day moving average price of $108.32 and a two-hundred day moving average price of $103.17. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78.

THOR Industries (NYSE:THO - Get Free Report) last released 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. 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 analyst estimates of $2.47 billion. During the same quarter in the previous year, the company posted $1.68 EPS. The business's revenue was down 7.4% on a year-over-year basis. Equities research analysts anticipate that THOR Industries, Inc. will post 4.67 EPS for the current fiscal year.

THOR Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Monday, January 6th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.08%. THOR Industries's dividend payout ratio is presently 51.15%.

Insiders Place Their Bets

In other news, VP Colleen A. Zuhl sold 4,354 shares of the 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 completion of the sale, the vice president now directly owns 131,905 shares in the company, valued at $15,169,075. This represents a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company 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.