State of Alaska Department of Revenue Increases Position in THOR Industries, Inc. (NYSE:THO)

State of Alaska Department of Revenue increased its stake in THOR Industries, Inc. (NYSE:THO) by 7.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,200 shares of the construction company’s stock after acquiring an additional 415 shares during the period. State of Alaska Department of Revenue’s holdings in THOR Industries were worth $681,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in THO. Tortoise Investment Management LLC grew its position in THOR Industries by 77.0% in 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 in the last quarter. Quarry LP purchased a new position in THOR Industries in the second quarter worth $28,000. UMB Bank n.a. grew its position in 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 acquiring an additional 246 shares in the last quarter. Blue Trust Inc. lifted its stake in 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 during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in THOR Industries in the second quarter worth $33,000. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Truist Financial boosted their price target 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. DA Davidson reissued a “neutral” rating and issued a $95.00 price target on shares of THOR Industries in a research note on Monday, September 30th. BMO Capital Markets reissued an “outperform” rating and issued a $120.00 price target on shares of THOR Industries in a research note on Thursday, September 19th. Citigroup boosted their price target on shares of THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Finally, Benchmark reissued a “hold” rating on shares of THOR Industries in a research note on Tuesday, October 1st. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, THOR Industries presently has an average rating of “Moderate Buy” and a consensus price target of $110.80.

Insider Activity at THOR Industries

In related news, VP Colleen A. Zuhl sold 4,354 shares of the business’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 transaction, the vice president now owns 131,905 shares in the company, valued at $15,169,075. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.70% of the stock is owned by corporate insiders.

THOR Industries Stock Performance

Shares of NYSE:THO opened at $110.20 on Thursday. The company has a market cap of $5.83 billion, a price-to-earnings ratio of 22.35 and a beta of 1.67. The company has a 50-day moving average price of $106.56 and a 200-day moving average price of $101.42. The company has a current ratio of 1.69, a quick ratio of 0.82 and a debt-to-equity ratio of 0.27. THOR Industries, Inc. has a 12 month low of $88.37 and a 12 month high of $129.31.

THOR Industries (NYSE:THO) last announced its quarterly 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. THOR Industries had a net margin of 2.64% and a return on equity of 7.02%. The company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same quarter in the previous year, the company earned $1.68 earnings per share. THOR Industries’s quarterly revenue was down 7.4% on a year-over-year basis. As a group, equities analysts anticipate 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 will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a dividend of $0.50 per share. The ex-dividend date is Friday, November 1st. This represents a $2.00 annualized dividend and a dividend yield of 1.81%. This is a boost from THOR Industries’s previous quarterly dividend of $0.48. THOR Industries’s payout ratio is currently 40.57%.

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.