UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Purchases 159,022 Shares of THOR Industries, Inc. (NYSE:THO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in THOR Industries, Inc. (NYSE:THO - Free Report) by 46.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 501,479 shares of the construction company's stock after acquiring an additional 159,022 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.94% of THOR Industries worth $55,108,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the stock. Tortoise Investment Management LLC increased its stake in THOR Industries by 77.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company's stock worth $27,000 after acquiring an additional 124 shares during the period. Quarry LP bought a new position in THOR Industries in the second quarter valued at about $28,000. UMB Bank n.a. raised its stake in THOR Industries by 2,050.0% during the third quarter. UMB Bank n.a. now owns 258 shares of the construction company's stock worth $28,000 after acquiring an additional 246 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of THOR Industries by 548.1% in the second 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. Finally, Van ECK Associates Corp bought a new stake in shares of THOR Industries during the 3rd quarter valued at approximately $32,000. Institutional investors and hedge funds own 96.71% of the company's stock.

Insider Transactions at THOR Industries

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 sale, the vice president now owns 131,905 shares of the company's stock, valued at $15,169,075. The trade was a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 4.50% of the company's stock.

THOR Industries Stock Down 2.1 %

Shares of THOR Industries stock traded down $2.23 during trading on Wednesday, reaching $106.26. 818,965 shares of the company traded hands, compared to its average volume of 505,502. 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 firm has a market capitalization of $5.64 billion, a PE ratio of 22.01 and a beta of 1.67. The company has a 50 day moving average price of $109.28 and a 200-day moving average price of $102.65. THOR Industries, Inc. has a 1-year low of $88.37 and a 1-year high of $129.31.

THOR Industries (NYSE:THO - Get Free Report) last released its quarterly earnings data on Tuesday, September 24th. The construction company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.33. The firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.47 billion. THOR Industries had a net margin of 2.64% and a return on equity of 7.02%. The business's revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.68 earnings per share. As a group, equities research analysts expect that THOR Industries, Inc. will post 4.85 earnings per share for the current fiscal year.

THOR Industries Increases Dividend

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on THO. BMO Capital Markets reissued an "outperform" rating and set a $120.00 price objective on shares of THOR Industries in a report on Thursday, September 19th. 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 report on Friday, September 20th. Benchmark reiterated a "hold" rating on shares of THOR Industries in a research report on Tuesday. DA Davidson restated a "neutral" rating and set a $95.00 price objective on shares of THOR Industries in a research report on Monday, September 30th. Finally, Citigroup upped their target price on THOR Industries from $119.00 to $124.00 and gave the company a "buy" rating in a report on Thursday, September 26th. 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 presently has a consensus rating of "Moderate Buy" and an average price target of $110.80.

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.