XTX Topco Ltd Has $1.56 Million Stock Position in THOR Industries, Inc. (NYSE:THO)

XTX Topco Ltd lifted its stake in shares of THOR Industries, Inc. (NYSE:THO - Free Report) by 69.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,195 shares of the construction company's stock after purchasing an additional 5,828 shares during the quarter. XTX Topco Ltd's holdings in THOR Industries were worth $1,560,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. UMB Bank n.a. increased its position 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 period. Tortoise Investment Management LLC grew its holdings in THOR Industries by 77.0% during the second 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 acquired a new position in THOR Industries during the second quarter worth about $28,000. Van ECK Associates Corp bought a new stake in THOR Industries in the third quarter worth about $32,000. Finally, Blue Trust Inc. lifted its holdings in THOR Industries by 548.1% in the 2nd quarter. Blue Trust Inc. now owns 337 shares of the construction company's stock valued at $31,000 after acquiring an additional 285 shares during the last quarter. Institutional investors and hedge funds own 96.71% of the company's stock.

Insiders Place Their Bets

In other THOR Industries news, VP Colleen A. Zuhl sold 4,354 shares of the company's 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 completion of 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. DA Davidson reiterated a "neutral" rating and issued a $95.00 target price on shares of THOR Industries in a report on Monday, September 30th. Citigroup upped their price objective on shares of THOR Industries from $119.00 to $124.00 and gave the company a "buy" rating in a research note on Thursday, September 26th. Benchmark reaffirmed a "hold" rating on shares of THOR Industries in a research note on Tuesday, December 3rd. StockNews.com downgraded shares of THOR Industries from a "hold" rating to a "sell" rating in a research note on Friday. Finally, Truist Financial upped their price target on THOR Industries from $95.00 to $105.00 and gave the company a "hold" rating in a research report on Friday, September 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $110.80.

THOR Industries Stock Down 0.6 %

Shares of NYSE:THO traded down $0.63 during midday trading on Monday, hitting $105.79. 549,118 shares of the stock were exchanged, compared to its average volume of 508,168. The company has a market capitalization of $5.63 billion, a PE ratio of 27.06 and a beta of 1.67. THOR Industries, Inc. has a 52-week low of $88.37 and a 52-week high of $129.31. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71. The business's fifty day simple moving average is $109.02 and its two-hundred day simple moving average is $102.86.

THOR Industries (NYSE:THO - Get Free Report) last announced its quarterly earnings results on Tuesday, September 24th. The construction company reported $1.68 EPS for the quarter, topping the consensus estimate of $1.35 by $0.33. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same quarter in the prior year, the business posted $1.68 EPS. THOR Industries's quarterly revenue was down 7.4% on a year-over-year basis. As a group, research analysts predict that THOR Industries, Inc. will post 4.71 earnings per share for the current fiscal year.

THOR Industries Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a $0.50 dividend. 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 1.89%. The ex-dividend date was Friday, November 1st. THOR Industries's payout ratio is 51.15%.

About THOR Industries

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.