nVerses Capital LLC Boosts Position in THOR Industries, Inc. (NYSE:THO)

nVerses Capital LLC boosted its holdings in THOR Industries, Inc. (NYSE:THO) by 20.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 3,500 shares of the construction company’s stock after buying an additional 600 shares during the period. nVerses Capital LLC’s holdings in THOR Industries were worth $385,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. Kayne Anderson Rudnick Investment Management LLC raised its holdings in THOR Industries by 0.4% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,356,769 shares of the construction company’s stock valued at $500,590,000 after buying an additional 21,841 shares during the period. Vanguard Group Inc. raised its holdings in THOR Industries by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 5,295,044 shares of the construction company’s stock valued at $626,139,000 after buying an additional 24,985 shares during the period. Dimensional Fund Advisors LP raised its holdings in THOR Industries by 6.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,901,024 shares of the construction company’s stock valued at $271,097,000 after buying an additional 187,019 shares during the period. ACR Alpine Capital Research LLC raised its holdings in THOR Industries by 4.3% in the second quarter. ACR Alpine Capital Research LLC now owns 1,524,303 shares of the construction company’s stock valued at $142,446,000 after buying an additional 62,716 shares during the period. Finally, Pacer Advisors Inc. raised its holdings in THOR Industries by 35.1% in the second quarter. Pacer Advisors Inc. now owns 1,140,363 shares of the construction company’s stock valued at $106,567,000 after buying an additional 296,583 shares during the period. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Analyst Upgrades and Downgrades

THO has been the topic of a number of analyst reports. BMO Capital Markets reiterated an “outperform” rating and set a $120.00 price objective on shares of THOR Industries in a research note on Thursday, September 19th. Citigroup lifted their price objective on shares of 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 note on Tuesday, October 1st. DA Davidson reiterated a “neutral” rating and set a $95.00 price objective on shares of THOR Industries in a research note on Monday, September 30th. Finally, Truist Financial lifted their price objective 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $110.80.

THOR Industries Stock Down 0.5 %

THO stock opened at $114.00 on Friday. THOR Industries, Inc. has a twelve month low of $84.54 and a twelve month high of $129.31. The company has a current ratio of 1.69, a quick ratio of 0.82 and a debt-to-equity ratio of 0.27. The company has a market capitalization of $6.03 billion, a P/E ratio of 23.12 and a beta of 1.67. The firm has a 50 day simple moving average of $105.45 and a 200-day simple moving average of $101.47.

THOR Industries (NYSE:THO) last released its quarterly earnings results on Tuesday, September 24th. The construction company reported $1.68 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.33. THOR Industries had a net margin of 2.64% and a return on equity of 7.02%. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same quarter last year, the company earned $1.68 earnings per share. The business’s quarterly revenue was down 7.4% compared to the same quarter last year. On average, equities research analysts predict that THOR Industries, Inc. will post 4.85 earnings per share for the current fiscal year.

THOR Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date is Friday, November 1st. This is an increase from THOR Industries’s previous quarterly dividend of $0.48. THOR Industries’s payout ratio is currently 38.95%.

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.