Dimensional Fund Advisors LP lifted its holdings in THOR Industries, Inc. (NYSE:THO – Free Report) by 7.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,372,315 shares of the construction company’s stock after buying an additional 160,806 shares during the quarter. Dimensional Fund Advisors LP owned 4.45% of THOR Industries worth $245,534,000 as of its most recent SEC filing.
A number of other institutional investors have also recently modified their holdings of the business. Mcmillion Capital Management Inc. acquired a new stake in THOR Industries in the second quarter valued at $40,000. Industrial Alliance Investment Management Inc. lifted its stake in shares of THOR Industries by 343.9% in the fourth quarter. Industrial Alliance Investment Management Inc. now owns 617 shares of the construction company’s stock valued at $47,000 after purchasing an additional 478 shares during the period. Covestor Ltd grew its position in THOR Industries by 51.7% during the first quarter. Covestor Ltd now owns 725 shares of the construction company’s stock worth $57,000 after buying an additional 247 shares during the period. IFP Advisors Inc grew its position in THOR Industries by 3,413.6% during the second quarter. IFP Advisors Inc now owns 773 shares of the construction company’s stock worth $72,000 after buying an additional 751 shares during the period. Finally, Harbor Capital Advisors Inc. purchased a new position in THOR Industries in the second quarter valued at about $73,000. 96.52% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several brokerages have recently commented on THO. Truist Financial boosted their price target on THOR Industries from $84.00 to $86.00 and gave the stock a “hold” rating in a research note on Tuesday, September 26th. Citigroup dropped their price target on THOR Industries from $107.00 to $93.00 in a research report on Thursday, September 28th. StockNews.com initiated coverage on shares of THOR Industries in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. BMO Capital Markets reissued an “outperform” rating and issued a $115.00 price objective on shares of THOR Industries in a research note on Tuesday, September 26th. Finally, Roth Mkm restated a “neutral” rating and set a $72.00 target price on shares of THOR Industries in a research report on Friday, September 22nd. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, THOR Industries has a consensus rating of “Hold” and a consensus target price of $93.50.
THOR Industries Stock Down 1.0 %
THO opened at $100.05 on Friday. The firm has a market cap of $5.33 billion, a P/E ratio of 14.40 and a beta of 1.85. The business’s fifty day simple moving average is $93.29 and its 200 day simple moving average is $96.16. THOR Industries, Inc. has a 52 week low of $74.00 and a 52 week high of $116.31. The company has a quick ratio of 0.66, a current ratio of 1.63 and a debt-to-equity ratio of 0.32.
THOR Industries (NYSE:THO – Get Free Report) last released its earnings results on Monday, September 25th. The construction company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.73. The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.43 billion. THOR Industries had a net margin of 3.37% and a return on equity of 9.77%. The firm’s quarterly revenue was down 28.4% on a year-over-year basis. During the same period in the prior year, the firm earned $5.15 EPS. As a group, equities research analysts anticipate that THOR Industries, Inc. will post 6.69 EPS for the current fiscal year.
THOR Industries Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, November 10th. Investors of record on Wednesday, November 1st were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $1.92 dividend on an annualized basis and a yield of 1.92%. This is a positive change from THOR Industries’s previous quarterly dividend of $0.45. THOR Industries’s dividend payout ratio (DPR) is 27.63%.
THOR Industries Company 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.
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