THOR Industries, Inc. (NYSE:THO) Shares Sold by Verition Fund Management LLC

Verition Fund Management LLC lowered its position in shares of THOR Industries, Inc. (NYSE:THO - Free Report) by 93.8% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 3,539 shares of the construction company's stock after selling 53,561 shares during the quarter. Verition Fund Management LLC's holdings in THOR Industries were worth $389,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Pacer Advisors Inc. lifted its holdings in shares of THOR Industries by 35.1% during the second quarter. Pacer Advisors Inc. now owns 1,140,363 shares of the construction company's stock worth $106,567,000 after purchasing an additional 296,583 shares during the period. Dimensional Fund Advisors LP lifted its stake in 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 valued at $271,097,000 after acquiring an additional 187,019 shares during the period. Natixis Advisors LLC boosted its holdings in shares of THOR Industries by 51.3% in 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. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of THOR Industries by 46.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 501,479 shares of the construction company's stock worth $55,108,000 after acquiring an additional 159,022 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new position in shares of THOR Industries during the third quarter worth $13,229,000. Hedge funds and other institutional investors own 96.71% of the company's stock.

THOR Industries Price Performance

Shares of NYSE:THO traded down $0.52 during midday trading on Friday, reaching $104.61. 547,090 shares of the company's stock traded hands, compared to its average volume of 509,076. The company has a fifty day simple moving average of $108.74 and a two-hundred day simple moving average of $103.03. THOR Industries, Inc. has a 1 year low of $88.37 and a 1 year high of $129.31. The company has a market cap of $5.57 billion, a P/E ratio of 26.75 and a beta of 1.67. 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 posted its quarterly earnings data on Tuesday, September 24th. The construction company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.33. The business 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 2.17% and a return on equity of 5.97%. The company's revenue was down 7.4% compared to the same quarter last year. During the same period last year, the firm posted $1.68 earnings per share. Equities analysts predict that THOR Industries, Inc. will post 4.71 EPS for the current fiscal year.

THOR Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid 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 annualized dividend and a yield of 1.91%. The ex-dividend date of this dividend was Friday, November 1st. THOR Industries's payout ratio is 51.15%.

Insider Buying and Selling at THOR Industries

In other news, VP Colleen A. Zuhl sold 4,354 shares of the firm's stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $115.00, for a total value of $500,710.00. Following the transaction, the vice president now directly owns 131,905 shares of the company's stock, valued at approximately $15,169,075. This trade represents a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 4.50% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on THO shares. Bank of America started coverage on shares of THOR Industries in a report on Friday. They issued a "neutral" rating and a $120.00 price target on the stock. DA Davidson reaffirmed a "neutral" rating and set a $95.00 target price on shares of THOR Industries in a report on Monday, September 30th. Benchmark reiterated a "hold" rating on shares of THOR Industries in a research report on Tuesday, December 3rd. StockNews.com cut shares of THOR Industries from a "hold" rating to a "sell" rating in a research note on Friday, December 6th. Finally, Truist Financial lifted their target price on shares of THOR Industries from $95.00 to $105.00 and gave the company a "hold" rating in a report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, THOR Industries currently has an average rating of "Hold" and an average price target of $112.33.

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.