Raymond James & Associates Has $7.22 Million Stake in Thor Industries, Inc. (NYSE:THO)

Raymond James & Associates trimmed its position in Thor Industries, Inc. (NYSE:THOGet Rating) by 70.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,750 shares of the construction company’s stock after selling 220,695 shares during the quarter. Raymond James & Associates owned 0.17% of Thor Industries worth $7,221,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Aaron Wealth Advisors LLC raised its stake in Thor Industries by 7,770.0% during the first quarter. Aaron Wealth Advisors LLC now owns 236,100 shares of the construction company’s stock worth $3,000,000 after acquiring an additional 233,100 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Thor Industries during the fourth quarter worth $23,494,000. Magnolia Group LLC acquired a new position in Thor Industries during the first quarter worth $17,153,000. Geode Capital Management LLC raised its stake in Thor Industries by 24.8% during the fourth quarter. Geode Capital Management LLC now owns 879,120 shares of the construction company’s stock worth $91,226,000 after acquiring an additional 174,697 shares in the last quarter. Finally, Boston Partners acquired a new position in Thor Industries during the first quarter worth $10,992,000. 98.63% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Thor Industries news, Director Peter Busch Orthwein purchased 10,000 shares of the company’s stock in a transaction dated Friday, June 10th. The shares were bought at an average price of $75.00 per share, with a total value of $750,000.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $750,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Thor Industries news, Director Peter Busch Orthwein purchased 10,000 shares of the company’s stock in a transaction dated Friday, June 10th. The shares were bought at an average price of $75.00 per share, with a total value of $750,000.00. Following the completion of the transaction, the director now directly owns 10,000 shares in the company, valued at approximately $750,000. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO W. Todd Woelfer purchased 1,225 shares of the company’s stock in a transaction dated Tuesday, July 12th. The shares were acquired at an average cost of $81.55 per share, for a total transaction of $99,898.75. Following the transaction, the chief operating officer now owns 70,325 shares of the company’s stock, valued at $5,735,003.75. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 14,225 shares of company stock worth $1,077,899. Insiders own 4.30% of the company’s stock.

Analysts Set New Price Targets

THO has been the subject of a number of research reports. BMO Capital Markets lowered their target price on Thor Industries from $110.00 to $95.00 in a research note on Monday, May 16th. Robert W. Baird lowered their target price on Thor Industries from $120.00 to $100.00 and set an “outperform” rating for the company in a research note on Thursday, June 9th. StockNews.com upgraded Thor Industries from a “hold” rating to a “buy” rating in a research note on Saturday. DA Davidson lowered Thor Industries from a “neutral” rating to an “underperform” rating and set a $60.00 target price for the company. in a research note on Thursday, May 19th. Finally, Truist Financial decreased their price target on Thor Industries to $75.00 in a report on Thursday, May 26th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, Thor Industries has a consensus rating of “Hold” and a consensus price target of $86.11.

Thor Industries Price Performance

Shares of THO opened at $77.88 on Friday. The company has a current ratio of 1.70, a quick ratio of 0.82 and a debt-to-equity ratio of 0.58. Thor Industries, Inc. has a 1 year low of $66.26 and a 1 year high of $128.87. The stock has a market cap of $4.25 billion, a P/E ratio of 3.98 and a beta of 1.72. The stock’s 50-day moving average price is $83.83 and its two-hundred day moving average price is $81.93.

Thor Industries (NYSE:THOGet Rating) last issued its earnings results on Wednesday, June 8th. The construction company reported $6.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.97 by $1.35. Thor Industries had a return on equity of 34.04% and a net margin of 6.76%. The firm had revenue of $4.66 billion for the quarter, compared to analysts’ expectations of $4.18 billion. During the same quarter last year, the business earned $3.29 earnings per share. The company’s revenue was up 34.6% compared to the same quarter last year. On average, equities analysts predict that Thor Industries, Inc. will post 19.16 earnings per share for the current year.

Thor Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 19th. Shareholders of record on Tuesday, July 5th were issued a dividend of $0.43 per share. This represents a $1.72 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date of this dividend was Friday, July 1st. Thor Industries’s dividend payout ratio (DPR) is currently 8.79%.

Thor Industries Company Profile

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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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Institutional Ownership by Quarter for Thor Industries (NYSE:THO)

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