THOR Industries, Inc. (NYSE:THO) Shares Sold by J. W. Coons Advisors LLC

J. W. Coons Advisors LLC cut its position in THOR Industries, Inc. (NYSE:THO) by 3.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 12,200 shares of the construction company’s stock after selling 445 shares during the period. J. W. Coons Advisors LLC’s holdings in THOR Industries were worth $1,341,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Gamco Investors INC. ET AL increased its holdings in THOR Industries by 2.5% in the first quarter. Gamco Investors INC. ET AL now owns 4,100 shares of the construction company’s stock valued at $481,000 after buying an additional 100 shares in the last quarter. Ontario Teachers Pension Plan Board increased its stake in shares of THOR Industries by 0.8% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 13,960 shares of the construction company’s stock valued at $1,638,000 after purchasing an additional 108 shares in the last quarter. Tortoise Investment Management LLC increased its stake in shares of THOR Industries by 77.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock valued at $27,000 after purchasing an additional 124 shares in the last quarter. Stratos Wealth Advisors LLC raised its holdings in 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 period. Finally, Nisa Investment Advisors LLC boosted its position in THOR Industries by 0.9% during the third quarter. Nisa Investment Advisors LLC now owns 15,776 shares of the construction company’s stock worth $1,734,000 after purchasing an additional 135 shares in the last quarter. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

THOR Industries Price Performance

NYSE:THO opened at $109.37 on Monday. THOR Industries, Inc. has a one year low of $88.37 and a one year high of $129.31. The stock has a market cap of $5.81 billion, a PE ratio of 22.18 and a beta of 1.67. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.82 and a current ratio of 1.69. The stock has a 50 day moving average price of $107.33 and a 200 day moving average price of $101.93.

THOR Industries (NYSE:THO) last posted its quarterly earnings results on Tuesday, September 24th. The construction company reported $1.68 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 for the quarter, compared to analyst estimates of $2.47 billion. During the same quarter in the previous year, the firm earned $1.68 EPS. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. Equities research analysts expect that THOR Industries, Inc. will post 4.85 EPS 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 paid a $0.50 dividend. This is a boost from THOR Industries’s previous quarterly dividend of $0.48. The ex-dividend date was Friday, November 1st. This represents a $2.00 annualized dividend and a dividend yield of 1.83%. THOR Industries’s dividend payout ratio is 40.57%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Citigroup boosted their price objective on THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Benchmark restated a “hold” rating on shares of THOR Industries in a research report on Tuesday, October 1st. BMO Capital Markets reaffirmed an “outperform” rating and set a $120.00 price objective on shares of THOR Industries in a report on Thursday, September 19th. DA Davidson reissued a “neutral” rating and set a $95.00 target price on shares of THOR Industries in a research note on Monday, September 30th. Finally, Truist Financial raised their price target on shares of THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, THOR Industries presently has a consensus rating of “Moderate Buy” and an average price target of $110.80.

Insider Transactions at THOR Industries

In related news, VP Colleen A. Zuhl sold 4,354 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $115.00, for a total value of $500,710.00. Following the transaction, the vice president now directly owns 131,905 shares in the company, valued at approximately $15,169,075. This represents a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 4.50% of the company’s stock.

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.