Versor Investments LP Sells 8,534 Shares of THOR Industries, Inc. (NYSE:THO)

Versor Investments LP cut its holdings in shares of THOR Industries, Inc. (NYSE:THO) by 80.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,100 shares of the construction company’s stock after selling 8,534 shares during the period. Versor Investments LP’s holdings in THOR Industries were worth $231,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. Kayne Anderson Rudnick Investment Management LLC raised its holdings 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 buying an additional 21,841 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of THOR Industries by 6.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,901,024 shares of the construction company’s stock worth $271,097,000 after acquiring an additional 187,019 shares during the last quarter. ACR Alpine Capital Research LLC boosted its stake in shares of THOR Industries by 4.3% in the 2nd quarter. ACR Alpine Capital Research LLC now owns 1,524,303 shares of the construction company’s stock valued at $142,446,000 after purchasing an additional 62,716 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of THOR Industries by 35.1% during the 2nd quarter. Pacer Advisors Inc. now owns 1,140,363 shares of the construction company’s stock valued at $106,567,000 after purchasing an additional 296,583 shares during the last quarter. Finally, American Century Companies Inc. increased its position in THOR Industries by 12.2% during the 2nd quarter. American Century Companies Inc. now owns 723,910 shares of the construction company’s stock worth $67,649,000 after purchasing an additional 78,832 shares in the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

THOR Industries Price Performance

THOR Industries stock opened at $109.37 on Friday. The stock’s 50 day moving average is $107.33 and its 200 day moving average is $101.91. THOR Industries, Inc. has a one year low of $88.37 and a one year high of $129.31. The firm has a market cap of $5.81 billion, a P/E ratio of 22.18 and a beta of 1.67. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.69 and a quick ratio of 0.82.

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

THOR Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 1st. This is a positive change from THOR Industries’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 1.83%. THOR Industries’s dividend payout ratio (DPR) is 40.57%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on THO. Truist Financial raised their target price on shares of THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Citigroup increased their target price on THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Benchmark restated a “hold” rating on shares of THOR Industries in a report on Tuesday, October 1st. BMO Capital Markets reiterated an “outperform” rating and issued a $120.00 price objective on shares of THOR Industries in a report on Thursday, September 19th. Finally, DA Davidson reissued a “neutral” rating and set a $95.00 target price on shares of THOR Industries in a report on Monday, September 30th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $110.80.

Insider Activity

In other news, VP Colleen A. Zuhl sold 4,354 shares of THOR Industries 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 completion of the sale, the vice president now owns 131,905 shares in the company, valued at $15,169,075. The trade was a 3.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 4.50% of the stock is owned by company insiders.

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.