Versor Investments LP Sells 8,534 Shares of THOR Industries, Inc. (NYSE:THO)

Versor Investments LP lowered its holdings in THOR Industries, Inc. (NYSE:THO - Free Report) by 80.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,100 shares of the construction company's stock after selling 8,534 shares during the period. Versor Investments LP's holdings in THOR Industries were worth $231,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Gamco Investors INC. ET AL boosted its holdings in shares of THOR Industries by 2.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 4,100 shares of the construction company's stock valued at $481,000 after buying an additional 100 shares during the last quarter. Ontario Teachers Pension Plan Board lifted its stake in THOR Industries by 0.8% in the first quarter. Ontario Teachers Pension Plan Board now owns 13,960 shares of the construction company's stock valued at $1,638,000 after acquiring an additional 108 shares during the last quarter. Tortoise Investment Management LLC grew its position in shares of THOR Industries by 77.0% in the 2nd 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 period. Stratos Wealth Advisors LLC increased its stake in shares of THOR Industries by 2.2% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 6,411 shares of the construction company's stock worth $705,000 after purchasing an additional 135 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in shares of THOR Industries by 0.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 15,776 shares of the construction company's stock valued at $1,734,000 after purchasing an additional 135 shares during the period. Institutional investors own 96.71% of the company's stock.

Insider Buying and Selling

In other THOR Industries news, VP Colleen A. Zuhl sold 4,354 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $115.00, for a total transaction of $500,710.00. Following 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. 4.50% of the stock is currently owned by company insiders.

THOR Industries Stock Performance

THO stock traded down $0.05 during trading hours on Friday, hitting $109.37. 585,180 shares of the stock were exchanged, compared to its average volume of 519,964. THOR Industries, Inc. has a 12 month low of $88.37 and a 12 month high of $129.31. The company has a current ratio of 1.69, a quick ratio of 0.82 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $5.81 billion, a P/E ratio of 22.18 and a beta of 1.67. The company has a 50-day simple moving average of $107.33 and a two-hundred day simple moving average of $101.93.

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, topping analysts' consensus estimates of $1.35 by $0.33. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.47 billion. THOR Industries had a net margin of 2.64% and a return on equity of 7.02%. THOR Industries's revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period last year, the firm earned $1.68 earnings per share. On average, analysts forecast that THOR Industries, Inc. will post 4.85 earnings per share for the current fiscal year.

THOR Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a $0.50 dividend. This is a boost from THOR Industries's previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 1.83%. The ex-dividend date was Friday, November 1st. THOR Industries's payout ratio is 40.57%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on THO shares. DA Davidson reissued a "neutral" rating and set a $95.00 price target on shares of THOR Industries in a research report on Monday, September 30th. BMO Capital Markets reissued an "outperform" rating and set a $120.00 target price on shares of THOR Industries in a report on Thursday, September 19th. Citigroup raised their price target on THOR Industries from $119.00 to $124.00 and gave the company a "buy" rating in a report on Thursday, September 26th. Benchmark reiterated a "hold" rating on shares of THOR Industries in a report on Tuesday, October 1st. Finally, Truist Financial raised their target price on shares of THOR Industries from $95.00 to $105.00 and gave the stock a "hold" rating in a research note on Friday, September 20th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $110.80.

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.