Consolidated Planning Corp Takes Position in THOR Industries, Inc. (NYSE:THO)

Consolidated Planning Corp acquired a new position in THOR Industries, Inc. (NYSE:THO) during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 5,644 shares of the construction company’s stock, valued at approximately $620,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in THO. BNP Paribas Financial Markets grew its position in THOR Industries by 596.7% in the first quarter. BNP Paribas Financial Markets now owns 47,061 shares of the construction company’s stock worth $5,522,000 after buying an additional 40,306 shares during the last quarter. Inspire Advisors LLC lifted its position in shares of THOR Industries by 9.3% during the 1st quarter. Inspire Advisors LLC now owns 1,894 shares of the construction company’s stock valued at $222,000 after acquiring an additional 161 shares during the last quarter. Cetera Advisors LLC boosted its stake in shares of THOR Industries by 571.3% during the 1st quarter. Cetera Advisors LLC now owns 22,341 shares of the construction company’s stock worth $2,622,000 after acquiring an additional 19,013 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of THOR Industries by 6.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,901,024 shares of the construction company’s stock worth $271,097,000 after acquiring an additional 187,019 shares during the last quarter. Finally, &PARTNERS acquired a new stake in shares of THOR Industries during the second quarter worth $623,000. 96.71% of the stock is currently owned by institutional investors.

THOR Industries Stock Down 0.4 %

THOR Industries stock opened at $109.75 on Friday. THOR Industries, Inc. has a twelve month low of $88.37 and a twelve month high of $129.31. 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 firm has a market cap of $5.81 billion, a PE ratio of 22.26 and a beta of 1.67. The firm’s 50 day moving average price is $106.68 and its two-hundred day moving average price is $101.54.

THOR Industries (NYSE:THO) last posted its quarterly earnings results on Tuesday, September 24th. The construction company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.33. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.47 billion. THOR Industries had a net margin of 2.64% and a return on equity of 7.02%. THOR Industries’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.68 earnings per share. On average, research analysts predict that THOR Industries, Inc. will post 4.85 EPS for the current fiscal year.

THOR Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Stockholders of record on Friday, November 1st will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.82%. This is a positive change from THOR Industries’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Friday, November 1st. THOR Industries’s payout ratio is currently 40.57%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on the company. BMO Capital Markets reiterated an “outperform” rating and issued a $120.00 price target on shares of THOR Industries in a research report on Thursday, September 19th. Benchmark reissued a “hold” rating on shares of THOR Industries in a research report on Tuesday, October 1st. Truist Financial upped 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. Citigroup lifted their price objective on shares of THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Finally, DA Davidson reissued a “neutral” rating and set a $95.00 target price on shares of THOR Industries in a research note 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. According to MarketBeat, THOR Industries currently has an average rating of “Moderate Buy” and an average target price of $110.80.

Insider Activity at THOR Industries

In related news, VP Colleen A. Zuhl sold 4,354 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $115.00, for a total transaction of $500,710.00. Following the transaction, the vice president now owns 131,905 shares of the company’s stock, valued at approximately $15,169,075. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.70% of the stock is currently owned by company insiders.

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.