69,904 Shares in THOR Industries, Inc. (NYSE:THO) Bought by Wellington Management Group LLP

Wellington Management Group LLP purchased a new stake in shares of THOR Industries, Inc. (NYSE:THO - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 69,904 shares of the construction company's stock, valued at approximately $7,682,000. Wellington Management Group LLP owned 0.13% of THOR Industries at the end of the most recent reporting period.

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

THOR Industries Stock Performance

NYSE:THO traded up $0.49 during trading hours on Tuesday, hitting $102.03. 552,162 shares of the company were exchanged, compared to its average volume of 509,229. 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, Inc. has a 52-week low of $88.37 and a 52-week high of $129.31. The stock has a market capitalization of $5.43 billion, a price-to-earnings ratio of 26.09 and a beta of 1.67. The company's 50 day moving average price is $108.52 and its 200-day moving average price is $103.21.

THOR Industries (NYSE:THO - Get Free Report) last released its earnings results 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 firm had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.47 billion. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The firm's revenue was down 7.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.68 EPS. As a group, research analysts forecast that THOR Industries, Inc. will post 4.67 earnings per share for the current year.

THOR Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend was Friday, November 1st. This is a boost from THOR Industries's previous quarterly dividend of $0.48. THOR Industries's dividend payout ratio (DPR) is 51.15%.

Insider Buying and Selling

In related news, VP Colleen A. Zuhl sold 4,354 shares of the firm's 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 sale, the vice president now owns 131,905 shares in the company, 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 Securities & Exchange Commission, which can be accessed through this hyperlink. 4.50% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on THO shares. Truist Financial upped their price objective on THOR Industries from $95.00 to $105.00 and gave the stock a "hold" rating in a research note on Friday, September 20th. Citigroup increased their price objective on shares of THOR Industries from $119.00 to $124.00 and gave the company a "buy" rating in a report on Thursday, September 26th. StockNews.com downgraded shares of THOR Industries from a "hold" rating to a "sell" rating in a report on Friday, December 6th. BMO Capital Markets reiterated an "outperform" rating and issued a $120.00 price target on shares of THOR Industries in a report on Thursday, September 19th. Finally, DA Davidson reissued a "neutral" rating and set a $95.00 price objective on shares of THOR Industries in a report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus 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.