Planning Capital Management Corp Sells 1,350 Shares of THOR Industries, Inc. (NYSE:THO)

Planning Capital Management Corp lessened its stake in shares of THOR Industries, Inc. (NYSE:THO) by 44.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,705 shares of the construction company’s stock after selling 1,350 shares during the period. Planning Capital Management Corp’s holdings in THOR Industries were worth $187,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Gamco Investors INC. ET AL boosted its stake in shares of THOR Industries by 2.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 4,100 shares of the construction company’s stock worth $481,000 after buying an additional 100 shares during the last quarter. Ontario Teachers Pension Plan Board lifted its position in THOR Industries by 0.8% during the first quarter. Ontario Teachers Pension Plan Board now owns 13,960 shares of the construction company’s stock valued at $1,638,000 after purchasing an additional 108 shares in the last quarter. Tortoise Investment Management LLC raised its holdings in THOR Industries by 77.0% during the second quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock valued at $27,000 after acquiring an additional 124 shares during the period. Stratos Wealth Advisors LLC raised its holdings in THOR Industries by 2.2% during the third quarter. Stratos Wealth Advisors LLC now owns 6,411 shares of the construction company’s stock valued at $705,000 after acquiring an additional 135 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in THOR Industries by 0.9% during the third quarter. Nisa Investment Advisors LLC now owns 15,776 shares of the construction company’s stock valued at $1,734,000 after acquiring an additional 135 shares during the period. Institutional investors own 96.71% of the company’s stock.

Wall Street Analyst Weigh In

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

Insider Buying and Selling at THOR Industries

In other THOR Industries news, VP Colleen A. Zuhl sold 4,354 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $115.00, for a total transaction of $500,710.00. Following the sale, the vice president now directly owns 131,905 shares in the company, valued at $15,169,075. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 4.50% of the company’s stock.

THOR Industries Price Performance

NYSE:THO opened at $108.66 on Thursday. THOR Industries, Inc. has a 12 month low of $88.37 and a 12 month high of $129.31. The company has a current ratio of 1.69, a quick ratio of 0.82 and a debt-to-equity ratio of 0.27. The business’s 50-day moving average is $107.05 and its 200 day moving average is $101.79. The company has a market capitalization of $5.77 billion, a P/E ratio of 22.04 and a beta of 1.67.

THOR Industries (NYSE:THO) last issued its quarterly earnings data on Tuesday, September 24th. The construction company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.33. THOR Industries had a return on equity of 7.02% and a net margin of 2.64%. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same period in the prior year, the business posted $1.68 earnings per share. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. On average, equities research analysts forecast that THOR Industries, Inc. will post 4.85 earnings per share for the current fiscal year.

THOR Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, November 1st. This is an increase from THOR Industries’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a yield of 1.84%. THOR Industries’s dividend payout ratio is 40.57%.

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.