Hancock Whitney Corp Purchases 800 Shares of THOR Industries, Inc. (NYSE:THO)

Hancock Whitney Corp raised its holdings in shares of THOR Industries, Inc. (NYSE:THO) by 12.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,486 shares of the construction company’s stock after acquiring an additional 800 shares during the period. Hancock Whitney Corp’s holdings in THOR Industries were worth $823,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in THO. Raymond James Trust N.A. purchased a new position in THOR Industries in the 3rd quarter worth $227,000. Charles Schwab Investment Management Inc. lifted its stake in shares of THOR Industries by 2.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 601,435 shares of the construction company’s stock valued at $66,092,000 after acquiring an additional 15,018 shares during the last quarter. Pacer Advisors Inc. boosted its holdings in THOR Industries by 2.8% during the 3rd quarter. Pacer Advisors Inc. now owns 1,171,779 shares of the construction company’s stock valued at $128,767,000 after acquiring an additional 31,416 shares during the period. Prospera Private Wealth LLC bought a new position in THOR Industries during the 3rd quarter worth approximately $136,000. Finally, PNC Financial Services Group Inc. increased its stake in THOR Industries by 10.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 17,557 shares of the construction company’s stock worth $1,929,000 after purchasing an additional 1,597 shares during the period. 96.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

THO has been the topic of several recent analyst reports. Truist Financial raised 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. BMO Capital Markets reaffirmed an “outperform” rating and set a $120.00 price objective on shares of THOR Industries in a research note on Thursday, September 19th. DA Davidson restated a “neutral” rating and set a $95.00 price target on shares of THOR Industries in a report on Monday, September 30th. Citigroup increased their price objective on THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Finally, Benchmark reissued a “hold” rating on shares of THOR Industries in a research note on Tuesday, October 1st. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, THOR Industries currently has an average rating of “Moderate Buy” and an average target price of $110.80.

Insider Buying and Selling at THOR Industries

In related news, VP Colleen A. Zuhl sold 4,354 shares of the company’s 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 transaction, the vice president now owns 131,905 shares in the company, valued at $15,169,075. The trade was a 3.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 4.50% of the stock is owned by company insiders.

THOR Industries Stock Down 2.1 %

Shares of NYSE:THO opened at $113.15 on Wednesday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.82 and a current ratio of 1.69. 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 $6.01 billion, a P/E ratio of 22.95 and a beta of 1.67. The stock has a 50 day moving average price of $108.62 and a 200-day moving average price of $102.33.

THOR Industries (NYSE:THO) last announced its quarterly earnings data on Tuesday, September 24th. The construction company reported $1.68 EPS for the quarter, beating the consensus estimate 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 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 company’s revenue for the quarter was down 7.4% on a year-over-year basis. As a group, equities research analysts anticipate that THOR Industries, Inc. will post 4.85 EPS for the current fiscal year.

THOR Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date was Friday, November 1st. This is a positive change from THOR Industries’s previous quarterly dividend of $0.48. THOR Industries’s dividend payout ratio (DPR) 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.