Accurate Wealth Management LLC Takes Position in THOR Industries, Inc. (NYSE:THO)

Accurate Wealth Management LLC purchased a new position in THOR Industries, Inc. (NYSE:THO) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,717 shares of the construction company’s stock, valued at approximately $526,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Stratos Wealth Advisors LLC increased its position in shares of THOR Industries by 2.2% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 6,411 shares of the construction company’s stock worth $705,000 after purchasing an additional 135 shares during the last quarter. Inspire Advisors LLC bought a new stake in THOR Industries in the third quarter valued at about $225,000. Bleakley Financial Group LLC raised its stake in THOR Industries by 5.9% during the third quarter. Bleakley Financial Group LLC now owns 7,260 shares of the construction company’s stock valued at $798,000 after buying an additional 406 shares in the last quarter. nVerses Capital LLC lifted its holdings in THOR Industries by 20.7% during the 3rd quarter. nVerses Capital LLC now owns 3,500 shares of the construction company’s stock worth $385,000 after buying an additional 600 shares during the last quarter. Finally, Creative Planning grew its position in shares of THOR Industries by 12.9% in the 3rd quarter. Creative Planning now owns 11,012 shares of the construction company’s stock worth $1,210,000 after acquiring an additional 1,254 shares in the last quarter. Institutional investors own 96.71% of the company’s stock.

THOR Industries Trading Up 1.4 %

THOR Industries stock opened at $115.57 on Friday. THOR Industries, Inc. has a 52-week low of $84.54 and a 52-week high of $129.31. The company has a quick ratio of 0.82, a current ratio of 1.69 and a debt-to-equity ratio of 0.27. The firm has a market capitalization of $6.15 billion, a price-to-earnings ratio of 23.44 and a beta of 1.67. The firm has a 50-day moving average price of $105.74 and a two-hundred day moving average price of $101.39.

THOR Industries (NYSE:THO) last issued its quarterly earnings data on Tuesday, September 24th. The construction company reported $1.68 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $2.47 billion. During the same period in the previous year, the firm posted $1.68 earnings per share. The business’s revenue was down 7.4% on a year-over-year basis. Sell-side analysts expect that THOR Industries, Inc. will post 4.85 earnings per share for the current year.

THOR Industries Increases Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 1.73%. 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 dividend payout ratio (DPR) is 40.57%.

Wall Street Analyst Weigh In

THO has been the topic of several research reports. Benchmark reissued a “hold” rating on shares of THOR Industries in a research report on Tuesday, October 1st. Truist Financial increased 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 issued a $120.00 price target on shares of THOR Industries in a report on Thursday, September 19th. Citigroup increased their price objective on shares of THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Finally, 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. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus 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 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 transaction, the vice president now owns 131,905 shares in the company, valued at $15,169,075. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 4.70% of the company’s stock.

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.