Prospera Private Wealth LLC Acquires New Position in THOR Industries, Inc. (NYSE:THO)

Prospera Private Wealth LLC bought a new position in shares of THOR Industries, Inc. (NYSE:THO) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,238 shares of the construction company’s stock, valued at approximately $136,000.

Several other hedge funds have also modified their holdings of the business. Cetera Advisors LLC raised its stake in shares of THOR Industries by 571.3% during the 1st quarter. Cetera Advisors LLC now owns 22,341 shares of the construction company’s stock worth $2,622,000 after buying an additional 19,013 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in THOR Industries by 6.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,901,024 shares of the construction company’s stock valued at $271,097,000 after acquiring an additional 187,019 shares in the last quarter. &PARTNERS acquired a new position in THOR Industries during the second quarter worth about $623,000. Oppenheimer Asset Management Inc. lifted its holdings in shares of THOR Industries by 12.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 387,189 shares of the construction company’s stock valued at $36,183,000 after purchasing an additional 43,326 shares in the last quarter. Finally, Natixis Advisors LLC grew its position in shares of THOR Industries by 51.3% in the third quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company’s stock valued at $55,486,000 after purchasing an additional 171,244 shares during the last quarter. 96.71% of the stock is owned by institutional investors and hedge funds.

THOR Industries Trading Up 2.1 %

NYSE THO opened at $110.53 on Friday. The company has a market cap of $5.87 billion, a P/E ratio of 22.42 and a beta of 1.67. THOR Industries, Inc. has a 12 month low of $88.37 and a 12 month high of $129.31. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.69 and a quick ratio of 0.82. The company has a 50-day moving average of $108.14 and a 200-day moving average of $102.17.

THOR Industries (NYSE:THO) last posted its quarterly earnings results on Tuesday, September 24th. The construction company reported $1.68 earnings per share for the quarter, topping 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 company had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter last year, the firm posted $1.68 earnings per share. THOR Industries’s revenue was down 7.4% on a year-over-year basis. As a group, equities analysts predict that THOR Industries, Inc. will post 4.85 earnings per share for the current year.

THOR Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.81%. The ex-dividend date of this dividend was Friday, November 1st. This is an increase from THOR Industries’s previous quarterly dividend of $0.48. THOR Industries’s payout ratio is 40.57%.

Insider Transactions at THOR Industries

In other 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 value of $500,710.00. Following the transaction, the vice president now owns 131,905 shares of the company’s stock, valued at approximately $15,169,075. This trade represents a 3.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 4.50% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on THO shares. Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a research note on Tuesday, October 1st. 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. BMO Capital Markets reaffirmed an “outperform” rating and set a $120.00 price objective on shares of THOR Industries in a research note on Thursday, September 19th. Truist Financial boosted their target price 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. Finally, Citigroup raised 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. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.