Thrive Wealth Management LLC Invests $200,000 in THOR Industries, Inc. (NYSE:THO)

Thrive Wealth Management LLC bought a new stake in shares of THOR Industries, Inc. (NYSE:THO) in the 1st quarter, Holdings Channel.com reports. The firm bought 1,706 shares of the construction company’s stock, valued at approximately $200,000.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of THOR Industries by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 5,295,044 shares of the construction company’s stock valued at $626,139,000 after acquiring an additional 24,985 shares during the period. Dimensional Fund Advisors LP lifted its position in THOR Industries by 3.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,634,436 shares of the construction company’s stock valued at $311,527,000 after purchasing an additional 81,840 shares in the last quarter. ACR Alpine Capital Research LLC grew its holdings in THOR Industries by 1.6% during the fourth quarter. ACR Alpine Capital Research LLC now owns 1,472,852 shares of the construction company’s stock valued at $174,165,000 after purchasing an additional 22,542 shares during the period. Pacer Advisors Inc. increased its position in THOR Industries by 56.7% in the fourth quarter. Pacer Advisors Inc. now owns 725,667 shares of the construction company’s stock worth $85,810,000 after buying an additional 262,478 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of THOR Industries by 2.0% in the third quarter. American Century Companies Inc. now owns 645,724 shares of the construction company’s stock worth $61,428,000 after buying an additional 12,411 shares during the period. 96.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on THO shares. TheStreet lowered shares of THOR Industries from a “b-” rating to a “c+” rating in a report on Monday, March 18th. Robert W. Baird reduced their price objective on shares of THOR Industries from $120.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, June 6th. Citigroup lowered their target price on shares of THOR Industries from $120.00 to $113.00 and set a “buy” rating on the stock in a research note on Friday, June 7th. Finally, Truist Financial dropped their target price on shares of THOR Industries from $100.00 to $95.00 and set a “hold” rating for the company in a report on Thursday, June 6th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, THOR Industries currently has an average rating of “Moderate Buy” and a consensus target price of $102.00.

THOR Industries Price Performance

Shares of THO stock traded up $0.45 during mid-day trading on Friday, hitting $92.30. The company had a trading volume of 15,425 shares, compared to its average volume of 478,272. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.65 and a quick ratio of 0.74. The stock’s 50 day moving average price is $97.77 and its 200-day moving average price is $108.33. THOR Industries, Inc. has a 52-week low of $84.54 and a 52-week high of $129.31. The company has a market capitalization of $4.91 billion, a P/E ratio of 18.63 and a beta of 1.74.

THOR Industries (NYSE:THO) last announced its quarterly earnings results on Wednesday, June 5th. The construction company reported $2.13 EPS for the quarter, topping the consensus estimate of $1.89 by $0.24. The business had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.73 billion. THOR Industries had a net margin of 2.59% and a return on equity of 7.07%. The business’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.24 EPS. Equities research analysts forecast that THOR Industries, Inc. will post 4.8 earnings per share for the current year.

THOR Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Wednesday, July 3rd will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.08%. The ex-dividend date is Wednesday, July 3rd. THOR Industries’s dividend payout ratio is presently 38.95%.

THOR Industries 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.