Lazard Asset Management LLC Purchases 520 Shares of THOR Industries, Inc. (NYSE:THO)

Lazard Asset Management LLC lifted its position in shares of THOR Industries, Inc. (NYSE:THOGet Rating) by 70.3% in the second quarter, HoldingsChannel.com reports. The fund owned 1,260 shares of the construction company’s stock after buying an additional 520 shares during the period. Lazard Asset Management LLC’s holdings in THOR Industries were worth $94,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of THOR Industries during the 1st quarter worth approximately $31,000. Northwestern Mutual Wealth Management Co. lifted its stake in THOR Industries by 52.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 445 shares of the construction company’s stock valued at $33,000 after purchasing an additional 153 shares during the last quarter. Steward Partners Investment Advisory LLC lifted its stake in THOR Industries by 133.5% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 509 shares of the construction company’s stock valued at $40,000 after purchasing an additional 291 shares during the last quarter. Quent Capital LLC lifted its stake in THOR Industries by 97.5% in the 1st quarter. Quent Capital LLC now owns 549 shares of the construction company’s stock valued at $43,000 after purchasing an additional 271 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its stake in THOR Industries by 60.9% in the 1st quarter. First Horizon Advisors Inc. now owns 687 shares of the construction company’s stock valued at $54,000 after purchasing an additional 260 shares during the last quarter. Institutional investors own 98.63% of the company’s stock.

THOR Industries Trading Up 1.1 %

Shares of NYSE THO opened at $86.10 on Thursday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.74 and a current ratio of 1.74. THOR Industries, Inc. has a 52-week low of $66.26 and a 52-week high of $110.99. The firm has a 50 day moving average price of $78.03 and a two-hundred day moving average price of $79.44. The stock has a market cap of $4.62 billion, a P/E ratio of 4.18 and a beta of 1.70.

THOR Industries (NYSE:THOGet Rating) last posted its quarterly earnings data on Wednesday, September 28th. The construction company reported $5.15 earnings per share for the quarter, topping the consensus estimate of $3.89 by $1.26. THOR Industries had a net margin of 6.97% and a return on equity of 33.89%. The company had revenue of $3.82 billion during the quarter, compared to analysts’ expectations of $3.70 billion. During the same period in the prior year, the company posted $4.12 earnings per share. THOR Industries’s revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, equities analysts forecast that THOR Industries, Inc. will post 8.53 EPS for the current year.

THOR Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 9th. Stockholders of record on Wednesday, October 26th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Tuesday, October 25th. This is a boost from THOR Industries’s previous quarterly dividend of $0.43. This represents a $1.80 annualized dividend and a dividend yield of 2.09%. THOR Industries’s dividend payout ratio is 8.74%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on THO shares. MKM Partners dropped their price objective on shares of THOR Industries to $69.00 in a research note on Friday, September 30th. Benchmark downgraded shares of THOR Industries from a “buy” rating to a “hold” rating in a research note on Thursday, October 27th. Argus downgraded shares of THOR Industries from a “buy” rating to a “hold” rating in a research note on Monday, October 3rd. Truist Financial dropped their price objective on shares of THOR Industries from $75.00 to $70.00 and set a “hold” rating for the company in a research note on Friday, September 23rd. Finally, StockNews.com began coverage on shares of THOR Industries in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $76.25.

Insider Transactions at THOR Industries

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

THOR Industries 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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