Nuveen Asset Management LLC Grows Stock Position in THOR Industries, Inc. (NYSE:THO)

Nuveen Asset Management LLC grew its position in shares of THOR Industries, Inc. (NYSE:THO – Get Rating) by 8.2% during the third quarter, Holdings Channel reports. The institutional investor owned 304,489 shares of the construction company’s stock after purchasing an additional 23,044 shares during the quarter. Nuveen Asset Management LLC’s holdings in THOR Industries were worth $21,308,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in THOR Industries by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 5,312,648 shares of the construction company’s stock valued at $418,105,000 after acquiring an additional 53,286 shares during the period. Royal London Asset Management Ltd. raised its position in shares of THOR Industries by 29.6% in the third quarter. Royal London Asset Management Ltd. now owns 1,931,035 shares of the construction company’s stock valued at $135,163,000 after purchasing an additional 440,696 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of THOR Industries by 18.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,905,508 shares of the construction company’s stock valued at $133,346,000 after buying an additional 291,421 shares in the last quarter. State Street Corp boosted its holdings in THOR Industries by 7.5% in the 1st quarter. State Street Corp now owns 1,515,941 shares of the construction company’s stock worth $119,305,000 after buying an additional 106,027 shares during the period. Finally, LSV Asset Management boosted its holdings in THOR Industries by 20.8% in the 3rd quarter. LSV Asset Management now owns 1,389,159 shares of the construction company’s stock worth $97,213,000 after buying an additional 239,400 shares during the period. Hedge funds and other institutional investors own 98.68% of the company’s stock.

THOR Industries Stock Performance

Shares of THO opened at $92.53 on Friday. The company has a current ratio of 1.85, a quick ratio of 0.70 and a debt-to-equity ratio of 0.47. The stock has a 50-day moving average price of $89.54 and a 200-day moving average price of $83.70. The company has a market cap of $4.95 billion, a PE ratio of 4.92 and a beta of 1.79. THOR Industries, Inc. has a 12-month low of $66.26 and a 12-month high of $105.36.

THOR Industries (NYSE:THO – Get Rating) last announced its earnings results on Wednesday, December 7th. The construction company reported $2.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.09 by $0.44. The business had revenue of $3.11 billion during the quarter, compared to analyst estimates of $3.12 billion. THOR Industries had a net margin of 6.67% and a return on equity of 29.59%. As a group, equities analysts forecast that THOR Industries, Inc. will post 7.43 earnings per share for the current fiscal year.

THOR Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 30th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, December 29th. This represents a $1.80 dividend on an annualized basis and a yield of 1.95%. THOR Industries’s dividend payout ratio is presently 9.58%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on THO. Citigroup boosted their target price on shares of THOR Industries from $87.00 to $94.00 and gave the company a “neutral” rating in a report on Friday, February 24th. Truist Financial increased their price objective on THOR Industries from $70.00 to $80.00 in a report on Friday, February 17th. Finally, DA Davidson raised THOR Industries from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $65.00 to $85.00 in a report on Monday, January 9th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $81.63.

THOR Industries Profile

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Thor Industries, Inc engages in the manufacture and sale of recreational vehicles. It operates through the following segments: North American Towable Recreational Vehicles, North American Motorized Recreational Vehicles, and European Recreational Vehicles. The North American Towable Recreational Vehicles segment includes operating entities such as Airstream, Heartland, Jayco, Keystone, and KZ.