Natixis Advisors LLC Purchases 171,244 Shares of THOR Industries, Inc. (NYSE:THO)

Natixis Advisors LLC lifted its holdings in THOR Industries, Inc. (NYSE:THO) by 51.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 504,922 shares of the construction company’s stock after buying an additional 171,244 shares during the period. Natixis Advisors LLC’s holdings in THOR Industries were worth $55,486,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in THO. Tortoise Investment Management LLC grew its stake in THOR Industries by 77.0% during the second quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock worth $27,000 after purchasing an additional 124 shares during the period. Quarry LP bought a new position in shares of THOR Industries during the 2nd quarter worth approximately $28,000. UMB Bank n.a. grew its position in shares of THOR Industries by 2,050.0% during the 3rd quarter. UMB Bank n.a. now owns 258 shares of the construction company’s stock worth $28,000 after buying an additional 246 shares during the period. Blue Trust Inc. increased its stake in shares of THOR Industries by 548.1% in the 2nd quarter. Blue Trust Inc. now owns 337 shares of the construction company’s stock valued at $31,000 after acquiring an additional 285 shares in the last quarter. Finally, Van ECK Associates Corp acquired a new position in shares of THOR Industries during the 3rd quarter valued at $32,000. 96.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

THOR Industries Price Performance

THO stock opened at $109.37 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.82 and a current ratio of 1.69. The business has a 50-day simple moving average of $107.33 and a two-hundred day simple moving average of $101.91. The company has a market capitalization of $5.81 billion, a P/E ratio of 22.18 and a beta of 1.67. THOR Industries, Inc. has a 52-week low of $88.37 and a 52-week 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 company had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.47 billion. THOR Industries had a return on equity of 7.02% and a net margin of 2.64%. THOR Industries’s quarterly revenue was down 7.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.68 earnings per share. Research analysts expect that THOR Industries, Inc. will post 4.85 EPS for the current fiscal year.

THOR Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were issued a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.00 annualized dividend and a dividend yield of 1.83%. This is an increase from THOR Industries’s previous quarterly dividend of $0.48. THOR Industries’s dividend payout ratio is currently 40.57%.

Insider Activity

In other THOR Industries 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 completion of the sale, the vice president now directly owns 131,905 shares of the company’s stock, valued at approximately $15,169,075. This represents a 3.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.50% of the stock is currently owned by corporate insiders.

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.