Anchor Investment Management LLC Takes $58,000 Position in THOR Industries, Inc. (NYSE:THO)

Anchor Investment Management LLC bought a new position in shares of THOR Industries, Inc. (NYSE:THO) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 529 shares of the construction company’s stock, valued at approximately $58,000.

Several other institutional investors have also recently added to or reduced their stakes in THO. UMB Bank n.a. raised its holdings in THOR Industries by 2,050.0% during the third quarter. UMB Bank n.a. now owns 258 shares of the construction company’s stock worth $28,000 after purchasing an additional 246 shares in the last quarter. Tortoise Investment Management LLC raised its stake in THOR Industries by 77.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock worth $27,000 after acquiring an additional 124 shares in the last quarter. Quarry LP purchased a new stake in THOR Industries in the second quarter valued at $28,000. Van ECK Associates Corp purchased a new stake in THOR Industries in the third quarter valued at $32,000. Finally, Blue Trust Inc. boosted its stake in THOR Industries by 548.1% in the second quarter. Blue Trust Inc. now owns 337 shares of the construction company’s stock valued at $31,000 after acquiring an additional 285 shares in the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Insider Buying and Selling

In related news, VP Colleen A. Zuhl sold 4,354 shares of the business’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 sale, the vice president now owns 131,905 shares of the company’s stock, valued at approximately $15,169,075. The trade was a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 4.50% of the stock is currently owned by corporate insiders.

THOR Industries Price Performance

Shares of NYSE THO opened at $104.61 on Friday. The stock has a fifty day moving average price of $108.74 and a 200 day moving average price of $103.09. THOR Industries, Inc. has a 1-year low of $88.37 and a 1-year high of $129.31. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78. The company has a market cap of $5.57 billion, a PE ratio of 26.75 and a beta of 1.67.

THOR Industries (NYSE:THO) last released its 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. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.47 billion. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The business’s revenue was down 7.4% on a year-over-year basis. During the same quarter last year, the business earned $1.68 EPS. Sell-side analysts forecast that THOR Industries, Inc. will post 4.67 EPS for the current year.

THOR Industries Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a $0.50 dividend. The ex-dividend date of this dividend was Friday, November 1st. This is an increase from THOR Industries’s previous quarterly dividend of $0.48. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.91%. THOR Industries’s payout ratio is 51.15%.

Analyst Ratings Changes

A number of research firms have recently commented on THO. StockNews.com cut THOR Industries from a “hold” rating to a “sell” rating in a research report on Friday, December 6th. BMO Capital Markets reiterated an “outperform” rating and issued a $120.00 price objective on shares of THOR Industries in a research note on Thursday, September 19th. Truist Financial raised their target price 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. Bank of America assumed coverage on shares of THOR Industries in a report on Friday. They issued a “neutral” rating and a $120.00 target price on the stock. Finally, Benchmark reiterated a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $112.33.

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.