THOR Industries, Inc. (NYSE:THO) Stock Position Reduced by BNP Paribas Financial Markets

BNP Paribas Financial Markets decreased its stake in THOR Industries, Inc. (NYSE:THO) by 24.6% in the third quarter, Holdings Channel reports. The institutional investor owned 5,539 shares of the construction company’s stock after selling 1,810 shares during the quarter. BNP Paribas Financial Markets’ holdings in THOR Industries were worth $609,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of THOR Industries by 0.4% during the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,356,769 shares of the construction company’s stock worth $500,590,000 after purchasing an additional 21,841 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in THOR Industries by 6.9% during the second quarter. Dimensional Fund Advisors LP now owns 2,901,024 shares of the construction company’s stock valued at $271,097,000 after buying an additional 187,019 shares in the last quarter. ACR Alpine Capital Research LLC lifted its position in shares of THOR Industries by 4.3% in the second quarter. ACR Alpine Capital Research LLC now owns 1,524,303 shares of the construction company’s stock worth $142,446,000 after buying an additional 62,716 shares during the last quarter. Pacer Advisors Inc. boosted its stake in shares of THOR Industries by 2.8% during the 3rd quarter. Pacer Advisors Inc. now owns 1,171,779 shares of the construction company’s stock worth $128,767,000 after acquiring an additional 31,416 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in shares of THOR Industries by 12.2% during the 2nd quarter. American Century Companies Inc. now owns 723,910 shares of the construction company’s stock valued at $67,649,000 after acquiring an additional 78,832 shares during the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

Insider Transactions at THOR Industries

In other news, VP Colleen A. Zuhl sold 4,354 shares of the business’s stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $115.00, for a total transaction of $500,710.00. Following the sale, the vice president now directly owns 131,905 shares in the company, valued at approximately $15,169,075. The trade was a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.50% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on THO. BMO Capital Markets restated an “outperform” rating and issued a $120.00 price objective on shares of THOR Industries in a research note on Thursday, September 19th. Benchmark restated a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. DA Davidson reiterated a “neutral” rating and issued a $95.00 price objective on shares of THOR Industries in a research note on Monday, September 30th. Truist Financial increased their target price on THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Finally, StockNews.com downgraded THOR Industries from a “hold” rating to a “sell” rating in a research report on Friday, December 6th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $110.80.

THOR Industries Stock Down 0.8 %

NYSE:THO opened at $105.11 on Friday. The firm has a market capitalization of $5.59 billion, a price-to-earnings ratio of 26.88 and a beta of 1.67. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. THOR Industries, Inc. has a twelve month low of $88.37 and a twelve month high of $129.31. The stock’s 50 day moving average price is $108.82 and its two-hundred day moving average price is $102.97.

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 return on equity of 5.97% and a net margin of 2.17%. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter last year, the firm posted $1.68 EPS. The company’s quarterly revenue was down 7.4% on a year-over-year basis. Equities research analysts expect that THOR Industries, Inc. will post 4.71 earnings per share for the current fiscal year.

THOR Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $0.50 dividend. This is a positive change from THOR Industries’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.00 annualized dividend and a dividend yield of 1.90%. THOR Industries’s dividend payout ratio (DPR) is presently 51.15%.

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.