THOR Industries, Inc. (NYSE:THO) Shares Sold by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC trimmed its holdings in THOR Industries, Inc. (NYSE:THO) by 17.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,298 shares of the construction company’s stock after selling 907 shares during the quarter. Kingsview Wealth Management LLC’s holdings in THOR Industries were worth $472,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of THO. Price T Rowe Associates Inc. MD grew its position in THOR Industries by 5.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 32,906 shares of the construction company’s stock worth $3,862,000 after purchasing an additional 1,592 shares during the last quarter. B. Riley Wealth Advisors Inc. boosted its stake in shares of THOR Industries by 113.1% during the first quarter. B. Riley Wealth Advisors Inc. now owns 4,294 shares of the construction company’s stock worth $504,000 after buying an additional 2,279 shares during the period. Comerica Bank grew its holdings in shares of THOR Industries by 3.2% during the first quarter. Comerica Bank now owns 37,123 shares of the construction company’s stock worth $4,356,000 after buying an additional 1,167 shares during the last quarter. Burney Co. increased its position in THOR Industries by 0.6% in the 1st quarter. Burney Co. now owns 34,606 shares of the construction company’s stock valued at $4,061,000 after acquiring an additional 210 shares during the period. Finally, Cetera Investment Advisers raised its stake in THOR Industries by 83.3% during the 1st quarter. Cetera Investment Advisers now owns 43,113 shares of the construction company’s stock valued at $5,059,000 after acquiring an additional 19,595 shares during the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

THOR Industries Stock Performance

NYSE:THO opened at $111.13 on Friday. The firm’s fifty day simple moving average is $108.91 and its 200-day simple moving average is $102.44. 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 stock has a market cap of $5.90 billion, a PE ratio of 22.54 and a beta of 1.67. THOR Industries, Inc. has a fifty-two week low of $88.37 and a fifty-two week high of $129.31.

THOR Industries (NYSE:THO) last issued its earnings results on Tuesday, September 24th. The construction company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.33. THOR Industries had a net margin of 2.64% and a return on equity of 7.02%. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same period in the prior year, the business posted $1.68 earnings per share. The firm’s revenue for the quarter was down 7.4% compared to the same quarter last year. Analysts expect that THOR Industries, Inc. will post 4.85 earnings per share for the current fiscal year.

THOR Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a dividend of $0.50 per share. The ex-dividend date was Friday, November 1st. This is a boost from THOR Industries’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a yield of 1.80%. THOR Industries’s payout ratio is currently 40.57%.

Analyst Ratings Changes

THO has been the topic of several analyst reports. Citigroup lifted their target price on THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Benchmark reiterated a “hold” rating on shares of THOR Industries in a research report on Tuesday, October 1st. Truist Financial upped their price objective on shares of THOR Industries from $95.00 to $105.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $120.00 target price on shares of THOR Industries in a report on Thursday, September 19th. Finally, DA Davidson reissued a “neutral” rating and set a $95.00 price target on shares of THOR Industries in a report on Monday, September 30th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $110.80.

Insiders Place Their Bets

In other news, VP Colleen A. Zuhl sold 4,354 shares of THOR Industries stock in a transaction on Wednesday, October 16th. The stock was 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 owns 131,905 shares of the company’s stock, valued at $15,169,075. The trade was a 3.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 4.50% of the stock is owned by company insiders.

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.