Thor Industries, Inc. $THO Stock: ProShare Advisors LLC Increases Position

ProShare Advisors LLC boosted its holdings in shares of Thor Industries, Inc. (NYSE:THO) by 6.9% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 350,716 shares of the RV manufacturer’s stock after buying an additional 22,589 shares during the quarter. ProShare Advisors LLC’s holdings in Thor Industries were worth $24,234,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Allworth Financial LP purchased a new stake in Thor Industries in the second quarter valued at about $26,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Thor Industries during the second quarter worth about $52,000. Versant Capital Management Inc grew its stake in shares of Thor Industries by 865.7% during the third quarter. Versant Capital Management Inc now owns 985 shares of the RV manufacturer’s stock worth $68,000 after acquiring an additional 883 shares during the last quarter. Signaturefd LLC grew its stake in shares of Thor Industries by 37.4% during the third quarter. Signaturefd LLC now owns 1,048 shares of the RV manufacturer’s stock worth $72,000 after acquiring an additional 285 shares during the last quarter. Finally, Koshinski Asset Management Inc. grew its stake in shares of Thor Industries by 32.2% during the first quarter. Koshinski Asset Management Inc. now owns 2,592 shares of the RV manufacturer’s stock worth $207,000 after acquiring an additional 631 shares during the last quarter. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on THO shares. Weiss Ratings lowered shares of Thor Industries from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, September 28th. BMO Capital Markets lowered their target price on shares of Thor Industries from $110.00 to $95.00 and set an “outperform” rating for the company in a research note on Tuesday, September 15th. Bank of America dropped their target price on shares of Thor Industries from $96.00 to $86.00 and set a “buy” rating on the stock in a research report on Monday, September 21st. Truist Financial upped their price target on shares of Thor Industries from $80.00 to $87.00 and gave the company a “hold” rating in a research note on Thursday, October 8th. Finally, Citigroup cut their price target on shares of Thor Industries from $76.00 to $70.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 13th. Three equities research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $85.00.

Thor Industries Stock Performance

Shares of NYSE THO opened at $79.25 on Tuesday. The company has a current ratio of 1.77, a quick ratio of 0.85 and a debt-to-equity ratio of 0.20. Thor Industries, Inc. has a 12 month low of $62.83 and a 12 month high of $122.83. The company has a 50 day simple moving average of $71.22 and a two-hundred day simple moving average of $81.91. The stock has a market cap of $4.09 billion, a price-to-earnings ratio of 23.38, a PEG ratio of 0.97 and a beta of 1.43.

Thor Industries (NYSE:THO) last released its quarterly earnings data on Tuesday, September 22nd. The RV manufacturer reported $0.78 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.10). The business had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.17 billion. Thor Industries had a net margin of 1.85% and a return on equity of 3.76%. The firm’s revenue was down 8.4% on a year-over-year basis. During the same period last year, the company earned $2.36 earnings per share. As a group, analysts predict that Thor Industries, Inc. will post 4.09 earnings per share for the current year.

Thor Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Tuesday, October 27th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Tuesday, October 27th. This is a positive change from Thor Industries’s previous quarterly dividend of $0.52. This represents a $2.16 annualized dividend and a yield of 2.7%. Thor Industries’s dividend payout ratio is currently 63.72%.

Thor Industries Profile

Thor Industries, Inc is a manufacturer of recreational vehicles (RVs) and related products. The company produces towable RVs, including travel trailers and fifth-wheel trailers, as well as motorized RVs such as Class A, Class B and Class C motorhomes. Its products are marketed to consumers seeking options for travel, camping and outdoor recreation.

Thor’s portfolio includes a broad range of brands, including Airstream, Jayco, Keystone RV, Entegra Coach, Tiffin and Dutchmen in North America.