4,000 Shares in THOR Industries, Inc. (NYSE:THO) Acquired by RBF Capital LLC

RBF Capital LLC acquired a new position in THOR Industries, Inc. (NYSE:THO) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 4,000 shares of the construction company’s stock, valued at approximately $440,000.

Other institutional investors also recently modified their holdings of the company. UMB Bank n.a. increased its position in shares of THOR Industries by 2,050.0% in the third quarter. UMB Bank n.a. now owns 258 shares of the construction company’s stock worth $28,000 after purchasing an additional 246 shares during the last quarter. Tortoise Investment Management LLC grew its position 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 last quarter. Quarry LP bought a new position in THOR Industries during the second quarter valued at approximately $28,000. Van ECK Associates Corp bought a new position in THOR Industries during the third quarter valued at approximately $32,000. Finally, Blue Trust Inc. grew its position in THOR Industries by 548.1% during the second quarter. Blue Trust Inc. now owns 337 shares of the construction company’s stock valued at $31,000 after acquiring an additional 285 shares during the last quarter. 96.71% of the stock is currently owned by institutional investors.

THOR Industries Stock Performance

Shares of THO stock opened at $104.99 on Thursday. The stock has a fifty day moving average of $109.28 and a 200 day moving average of $102.65. THOR Industries, Inc. has a 52 week low of $88.37 and a 52 week high of $129.31. The firm has a market capitalization of $5.57 billion, a price-to-earnings ratio of 21.30 and a beta of 1.67. The company has a quick ratio of 0.82, a current ratio of 1.69 and a debt-to-equity ratio of 0.27.

THOR Industries (NYSE:THO) last announced its quarterly earnings results on Tuesday, September 24th. The construction company reported $1.68 EPS for the quarter, topping 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 company had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.47 billion. During the same quarter last year, the firm posted $1.68 earnings per share. The firm’s revenue was down 7.4% on a year-over-year basis. As a group, research analysts expect that THOR Industries, Inc. will post 4.85 earnings per share for the current year.

THOR Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a $0.50 dividend. This is a positive change from THOR Industries’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.00 dividend on an annualized basis and a yield of 1.90%. THOR Industries’s dividend payout ratio (DPR) is presently 40.57%.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling

In other THOR Industries news, VP Colleen A. Zuhl sold 4,354 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $115.00, for a total value of $500,710.00. Following the completion of the transaction, the vice president now owns 131,905 shares in the company, valued at approximately $15,169,075. This represents a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.50% of the stock is currently owned by insiders.

THOR Industries 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.