Atria Investments LLC Decreases Stake in Thor Industries, Inc. (NYSE:THO)

Atria Investments LLC reduced its position in Thor Industries, Inc. (NYSE:THOGet Rating) by 7.3% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 21,020 shares of the construction company’s stock after selling 1,661 shares during the period. Atria Investments LLC’s holdings in Thor Industries were worth $1,654,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its position in shares of Thor Industries by 1.0% during the fourth quarter. Envestnet Asset Management Inc. now owns 229,514 shares of the construction company’s stock worth $23,817,000 after purchasing an additional 2,177 shares during the last quarter. Bank of Montreal Can lifted its position in shares of Thor Industries by 17.3% during the fourth quarter. Bank of Montreal Can now owns 46,711 shares of the construction company’s stock worth $4,889,000 after purchasing an additional 6,884 shares during the last quarter. State Street Corp lifted its position in shares of Thor Industries by 2.4% during the fourth quarter. State Street Corp now owns 1,409,914 shares of the construction company’s stock worth $146,911,000 after purchasing an additional 32,662 shares during the last quarter. Summit Global Investments lifted its position in shares of Thor Industries by 2.4% during the first quarter. Summit Global Investments now owns 17,330 shares of the construction company’s stock worth $1,364,000 after purchasing an additional 400 shares during the last quarter. Finally, ClariVest Asset Management LLC bought a new position in shares of Thor Industries during the fourth quarter worth about $2,885,000. 93.11% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on the stock. Exane BNP Paribas cut shares of Thor Industries from a “neutral” rating to an “underperform” rating and set a $65.00 price target on the stock. in a research report on Wednesday, April 13th. StockNews.com upgraded shares of Thor Industries from a “hold” rating to a “buy” rating in a research note on Monday. Truist Financial dropped their price objective on shares of Thor Industries to $75.00 in a research note on Thursday, May 26th. Citigroup dropped their price objective on shares of Thor Industries from $92.00 to $86.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 19th. Finally, MKM Partners began coverage on shares of Thor Industries in a research note on Thursday, May 5th. They set a “neutral” rating and a $89.00 price objective on the stock. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $86.11.

Insider Activity at Thor Industries

In related news, Director Peter Busch Orthwein acquired 3,000 shares of the stock in a transaction that occurred on Wednesday, June 29th. The shares were acquired at an average price of $76.00 per share, for a total transaction of $228,000.00. Following the completion of the purchase, the director now directly owns 133,400 shares of the company’s stock, valued at $10,138,400. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, Director Peter Busch Orthwein acquired 3,000 shares of the stock in a transaction that occurred on Wednesday, June 29th. The shares were acquired at an average price of $76.00 per share, for a total transaction of $228,000.00. Following the completion of the purchase, the director now directly owns 133,400 shares of the company’s stock, valued at $10,138,400. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO W. Todd Woelfer acquired 1,225 shares of the stock in a transaction that occurred on Tuesday, July 12th. The shares were bought at an average price of $81.55 per share, for a total transaction of $99,898.75. Following the purchase, the chief operating officer now directly owns 70,325 shares of the company’s stock, valued at $5,735,003.75. The disclosure for this purchase can be found here. Insiders have purchased 14,225 shares of company stock worth $1,077,899 over the last quarter. 4.30% of the stock is currently owned by company insiders.

Thor Industries Price Performance

Shares of NYSE:THO opened at $84.07 on Tuesday. The firm’s 50 day moving average is $76.93 and its two-hundred day moving average is $83.63. Thor Industries, Inc. has a 52 week low of $66.26 and a 52 week high of $128.87. The firm has a market capitalization of $4.58 billion, a P/E ratio of 4.30 and a beta of 1.73. The company has a current ratio of 1.70, a quick ratio of 0.82 and a debt-to-equity ratio of 0.58.

Thor Industries (NYSE:THOGet Rating) last announced its quarterly earnings results on Wednesday, June 8th. The construction company reported $6.32 EPS for the quarter, beating the consensus estimate of $4.97 by $1.35. Thor Industries had a net margin of 6.76% and a return on equity of 34.04%. The company had revenue of $4.66 billion for the quarter, compared to analyst estimates of $4.18 billion. During the same quarter last year, the business earned $3.29 earnings per share. Thor Industries’s revenue was up 34.6% compared to the same quarter last year. Analysts anticipate that Thor Industries, Inc. will post 19.16 earnings per share for the current year.

Thor Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, July 19th. Investors of record on Tuesday, July 5th were paid a dividend of $0.43 per share. The ex-dividend date was Friday, July 1st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.05%. Thor Industries’s dividend payout ratio is presently 8.79%.

About Thor Industries

(Get Rating)

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.

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