Bank of Nova Scotia Buys 1,430 Shares of THOR Industries, Inc. (NYSE:THO)

Bank of Nova Scotia lifted its holdings in shares of THOR Industries, Inc. (NYSE:THOGet Rating) by 17.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 9,501 shares of the construction company’s stock after purchasing an additional 1,430 shares during the period. Bank of Nova Scotia’s holdings in THOR Industries were worth $714,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Texas Permanent School Fund boosted its holdings in THOR Industries by 1.0% in the second quarter. Texas Permanent School Fund now owns 39,844 shares of the construction company’s stock valued at $2,978,000 after acquiring an additional 413 shares during the last quarter. Islay Capital Management LLC boosted its holdings in THOR Industries by 234.7% in the second quarter. Islay Capital Management LLC now owns 3,862 shares of the construction company’s stock valued at $289,000 after acquiring an additional 2,708 shares during the last quarter. Meridian Wealth Management LLC acquired a new position in THOR Industries in the second quarter valued at about $1,231,000. Illinois Municipal Retirement Fund lifted its stake in THOR Industries by 63.9% in the second quarter. Illinois Municipal Retirement Fund now owns 19,404 shares of the construction company’s stock valued at $1,450,000 after buying an additional 7,566 shares during the period. Finally, Los Angeles Capital Management LLC lifted its stake in THOR Industries by 52.7% in the second quarter. Los Angeles Capital Management LLC now owns 54,848 shares of the construction company’s stock valued at $4,099,000 after buying an additional 18,937 shares during the period. Institutional investors own 98.63% of the company’s stock.

THOR Industries Trading Down 0.8 %

NYSE THO opened at $83.49 on Friday. The company has a debt-to-equity ratio of 0.49, a current ratio of 1.74 and a quick ratio of 0.74. The firm has a market cap of $4.48 billion, a P/E ratio of 4.05 and a beta of 1.70. THOR Industries, Inc. has a one year low of $66.26 and a one year high of $113.29. The stock’s 50-day moving average is $77.76 and its 200-day moving average is $79.46.

THOR Industries (NYSE:THOGet Rating) last posted its quarterly earnings data on Wednesday, September 28th. The construction company reported $5.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.89 by $1.26. The business had revenue of $3.82 billion during the quarter, compared to the consensus estimate of $3.70 billion. THOR Industries had a return on equity of 33.89% and a net margin of 6.97%. THOR Industries’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the company earned $4.12 earnings per share. Sell-side analysts anticipate that THOR Industries, Inc. will post 8.56 earnings per share for the current fiscal year.

THOR Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 9th. Investors of record on Wednesday, October 26th were issued a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, October 25th. This is an increase from THOR Industries’s previous quarterly dividend of $0.43. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.16%. THOR Industries’s dividend payout ratio (DPR) is presently 8.74%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Argus lowered THOR Industries from a “buy” rating to a “hold” rating in a research note on Monday, October 3rd. MKM Partners cut their target price on THOR Industries to $69.00 in a research note on Friday, September 30th. StockNews.com assumed coverage on THOR Industries in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Truist Financial cut their target price on THOR Industries from $75.00 to $70.00 and set a “hold” rating on the stock in a research note on Friday, September 23rd. Finally, Benchmark lowered THOR Industries from a “buy” rating to a “hold” rating in a research note on Thursday, October 27th. Three research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, THOR Industries has a consensus rating of “Hold” and an average price target of $76.25.

Insider Buying and Selling

In other news, Director Peter Busch Orthwein acquired 20,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 5th. The stock was acquired at an average cost of $72.50 per share, for a total transaction of $1,450,000.00. Following the completion of the acquisition, the director now owns 30,000 shares in the company, valued at $2,175,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.50% of the stock is owned by corporate insiders.

THOR Industries Company Profile

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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.

Further Reading

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Institutional Ownership by Quarter for THOR Industries (NYSE:THO)

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