NewEdge Wealth LLC Boosts Stake in THOR Industries, Inc. (NYSE:THO)

NewEdge Wealth LLC grew its stake in shares of THOR Industries, Inc. (NYSE:THOFree Report) by 8.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,038 shares of the construction company’s stock after purchasing an additional 2,007 shares during the period. NewEdge Wealth LLC’s holdings in THOR Industries were worth $2,382,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of the stock. Royal London Asset Management Ltd. bought a new stake in THOR Industries during the first quarter worth about $46,644,000. Candlestick Capital Management LP boosted its stake in THOR Industries by 118.5% during the second quarter. Candlestick Capital Management LP now owns 895,000 shares of the construction company’s stock worth $92,632,000 after acquiring an additional 485,307 shares in the last quarter. Norges Bank bought a new stake in THOR Industries during the fourth quarter worth about $34,637,000. Boston Partners bought a new stake in THOR Industries during the third quarter worth about $18,096,000. Finally, First Trust Advisors LP boosted its stake in THOR Industries by 127.6% during the first quarter. First Trust Advisors LP now owns 291,956 shares of the construction company’s stock worth $23,251,000 after acquiring an additional 163,700 shares in the last quarter. Institutional investors own 96.52% of the company’s stock.

Insider Buying and Selling at THOR Industries

In other THOR Industries news, COO W. Todd Woelfer sold 3,334 shares of the company’s stock in a transaction that occurred on Thursday, January 18th. The shares were sold at an average price of $112.50, for a total transaction of $375,075.00. Following the completion of the sale, the chief operating officer now directly owns 101,680 shares of the company’s stock, valued at $11,439,000. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 4.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Citigroup boosted their price objective on shares of THOR Industries from $94.00 to $108.00 and gave the stock a “neutral” rating in a research note on Monday, December 4th. BMO Capital Markets upped their target price on shares of THOR Industries from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, December 7th. Finally, Truist Financial upped their target price on shares of THOR Industries from $96.00 to $105.00 and gave the stock a “hold” rating in a research note on Tuesday, January 9th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $100.00.

Get Our Latest Stock Analysis on THO

THOR Industries Stock Down 1.4 %

THO opened at $114.28 on Tuesday. The company has a quick ratio of 0.64, a current ratio of 1.63 and a debt-to-equity ratio of 0.32. The firm has a 50 day moving average price of $112.88 and a 200-day moving average price of $104.13. THOR Industries, Inc. has a twelve month low of $74.50 and a twelve month high of $122.00. The stock has a market capitalization of $6.09 billion, a price-to-earnings ratio of 21.12 and a beta of 1.78.

THOR Industries (NYSE:THOGet Free Report) last released its quarterly earnings data on Wednesday, December 6th. The construction company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.01. THOR Industries had a net margin of 2.77% and a return on equity of 7.48%. The firm had revenue of $2.50 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the previous year, the company earned $2.53 earnings per share. The firm’s quarterly revenue was down 19.5% on a year-over-year basis. Equities research analysts forecast that THOR Industries, Inc. will post 6.67 earnings per share for the current year.

THOR Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 11th. Stockholders of record on Thursday, December 28th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Wednesday, December 27th. This represents a $1.92 annualized dividend and a dividend yield of 1.68%. THOR Industries’s payout ratio is 35.49%.

THOR Industries Profile

(Free Report)

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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