Victory Capital Management Inc. Has $7.04 Million Position in THOR Industries, Inc. (NYSE:THO)

Victory Capital Management Inc. cut its position in shares of THOR Industries, Inc. (NYSE:THO - Free Report) by 14.0% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 64,031 shares of the construction company's stock after selling 10,396 shares during the quarter. Victory Capital Management Inc. owned 0.12% of THOR Industries worth $7,036,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tortoise Investment Management LLC raised its stake 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 purchasing an additional 124 shares during the period. Quarry LP bought a new stake in THOR Industries during the second quarter worth $28,000. UMB Bank n.a. grew its holdings in shares of THOR Industries by 2,050.0% during the 3rd quarter. UMB Bank n.a. now owns 258 shares of the construction company's stock valued at $28,000 after purchasing an additional 246 shares during the last quarter. Blue Trust Inc. boosted its position in THOR Industries by 548.1% during the 2nd quarter. Blue Trust Inc. now owns 337 shares of the construction company's stock worth $31,000 after buying an additional 285 shares during the period. Finally, Van ECK Associates Corp acquired a new stake in shares of THOR Industries in the third quarter valued at about $32,000. Institutional investors own 96.71% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other THOR Industries news, VP Colleen A. Zuhl sold 4,354 shares of THOR Industries 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 owns 131,905 shares of the company's stock, valued at $15,169,075. This trade represents a 3.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 4.50% of the stock is owned by company insiders.

THOR Industries Stock Up 1.1 %

Shares of NYSE:THO traded up $1.18 on Friday, hitting $111.71. 141,181 shares of the company's stock were exchanged, compared to its average volume of 501,958. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.82 and a current ratio of 1.69. THOR Industries, Inc. has a 1-year low of $88.37 and a 1-year high of $129.31. The firm's 50-day moving average is $108.14 and its 200 day moving average is $102.17. The company has a market capitalization of $5.93 billion, a PE ratio of 22.42 and a beta of 1.67.

THOR Industries (NYSE:THO - Get Free Report) last issued its quarterly earnings data 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 net margin of 2.64% and a return on equity of 7.02%. The firm had revenue of $2.53 billion for the quarter, compared to analysts' expectations of $2.47 billion. During the same period in the prior year, the company earned $1.68 EPS. The firm's revenue was down 7.4% on a year-over-year basis. Sell-side analysts predict that THOR Industries, Inc. will post 4.85 EPS for the current year.

THOR Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a dividend of $0.50 per share. This is a boost from THOR Industries's previous quarterly dividend of $0.48. The ex-dividend date was Friday, November 1st. This represents a $2.00 annualized dividend and a dividend yield of 1.79%. THOR Industries's dividend payout ratio (DPR) is presently 40.57%.

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.