Hilltop Holdings Inc. Makes New Investment in THOR Industries, Inc. (NYSE:THO)

Hilltop Holdings Inc. bought a new stake in THOR Industries, Inc. (NYSE:THO) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 2,051 shares of the construction company’s stock, valued at approximately $225,000.

A number of other large investors have also recently made changes to their positions in the company. Kayne Anderson Rudnick Investment Management LLC increased its position in THOR Industries by 0.4% during the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,356,769 shares of the construction company’s stock worth $500,590,000 after buying an additional 21,841 shares during the period. Dimensional Fund Advisors LP grew its position in shares of THOR Industries by 6.9% during the second 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. ACR Alpine Capital Research LLC increased its holdings in shares of THOR Industries by 4.3% in the 2nd quarter. ACR Alpine Capital Research LLC now owns 1,524,303 shares of the construction company’s stock valued at $142,446,000 after acquiring an additional 62,716 shares during the period. Pacer Advisors Inc. raised its position in THOR Industries by 2.8% in the 3rd quarter. Pacer Advisors Inc. now owns 1,171,779 shares of the construction company’s stock valued at $128,767,000 after purchasing an additional 31,416 shares during the last quarter. Finally, American Century Companies Inc. boosted its stake in THOR Industries by 12.2% during the 2nd quarter. American Century Companies Inc. now owns 723,910 shares of the construction company’s stock worth $67,649,000 after purchasing an additional 78,832 shares during the period. 96.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on THO shares. StockNews.com downgraded shares of THOR Industries from a “hold” rating to a “sell” rating in a research note on Friday. 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. Citigroup boosted their price objective on shares of THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. 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. Finally, Benchmark reiterated a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, THOR Industries has an average rating of “Hold” and a consensus price target of $110.80.

Insider Transactions at THOR Industries

In other THOR Industries news, VP Colleen A. Zuhl sold 4,354 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $115.00, for a total transaction of $500,710.00. Following the completion of the transaction, the vice president now directly owns 131,905 shares in the company, valued at approximately $15,169,075. This trade represents a 3.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 4.50% of the company’s stock.

THOR Industries Stock Performance

Shares of THO opened at $106.42 on Friday. The company has a quick ratio of 0.82, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. THOR Industries, Inc. has a 52-week low of $88.37 and a 52-week high of $129.31. The company has a 50-day simple moving average of $109.10 and a 200-day simple moving average of $102.74. The company has a market capitalization of $5.66 billion, a PE ratio of 27.22 and a beta of 1.67.

THOR Industries (NYSE:THO) last posted its quarterly earnings results on Tuesday, September 24th. The construction company reported $1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.35 by $0.33. The company had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.47 billion. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The company’s revenue for the quarter was down 7.4% on a year-over-year basis. During the same period last year, the firm earned $1.68 EPS. Equities research analysts predict that THOR Industries, Inc. will post 4.82 earnings per share for the current fiscal year.

THOR Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were given a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.88%. This is a boost from THOR Industries’s previous quarterly dividend of $0.48. THOR Industries’s dividend payout ratio (DPR) is currently 51.15%.

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.