Sanctuary Advisors LLC Boosts Stake in THOR Industries, Inc. (NYSE:THO)

Sanctuary Advisors LLC lifted its stake in THOR Industries, Inc. (NYSE:THO) by 2.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,501 shares of the construction company’s stock after purchasing an additional 442 shares during the period. Sanctuary Advisors LLC’s holdings in THOR Industries were worth $2,412,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of THO. SG Americas Securities LLC purchased a new stake in shares of THOR Industries in the 2nd quarter worth $496,000. Envestnet Portfolio Solutions Inc. boosted its holdings in THOR Industries by 20.1% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 8,101 shares of the construction company’s stock worth $757,000 after buying an additional 1,354 shares during the period. Assenagon Asset Management S.A. boosted its holdings in THOR Industries by 28.8% in the 2nd quarter. Assenagon Asset Management S.A. now owns 21,205 shares of the construction company’s stock worth $1,982,000 after buying an additional 4,737 shares during the period. Blue Trust Inc. boosted its holdings in THOR Industries by 548.1% in the 2nd quarter. Blue Trust Inc. now owns 337 shares of the construction company’s stock worth $31,000 after buying an additional 285 shares during the period. Finally, Raymond James & Associates boosted its holdings in THOR Industries by 4.1% in the 2nd quarter. Raymond James & Associates now owns 331,524 shares of the construction company’s stock worth $30,981,000 after buying an additional 12,958 shares during the period. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

THOR Industries Stock Up 0.5 %

Shares of NYSE THO opened at $102.03 on Wednesday. The firm’s 50-day moving average price is $108.52 and its 200-day moving average price is $103.21. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $5.43 billion, a price-to-earnings ratio of 26.09 and a beta of 1.67. THOR Industries, Inc. has a 12-month low of $88.37 and a 12-month high of $129.31.

THOR Industries (NYSE:THO) last announced its earnings results on Tuesday, September 24th. The construction company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.33. The firm had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.47 billion. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The business’s revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.68 EPS. On average, equities research analysts anticipate that THOR Industries, Inc. will post 4.67 EPS for the current fiscal year.

THOR Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.96%. This is a boost from THOR Industries’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend was Friday, November 1st. THOR Industries’s dividend payout ratio is currently 51.15%.

Insider Activity

In related news, VP Colleen A. Zuhl sold 4,354 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $115.00, for a total value of $500,710.00. Following the sale, the vice president now directly owns 131,905 shares of the company’s stock, valued at $15,169,075. This represents a 3.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on THO shares. DA Davidson reaffirmed a “neutral” rating and issued a $95.00 target price on shares of THOR Industries in a report on Monday, September 30th. Citigroup upped their target price on shares of THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Truist Financial upped their target price on shares of THOR Industries from $95.00 to $105.00 and gave the stock a “hold” rating in a report on Friday, September 20th. Bank of America began coverage on shares of THOR Industries in a report on Friday, December 13th. They set a “neutral” rating and a $120.00 price objective for the company. Finally, BMO Capital Markets reissued an “outperform” rating and set a $120.00 price objective on shares of THOR Industries in a report on Thursday, September 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $112.33.

About THOR Industries

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.