Axxcess Wealth Management LLC Makes New $220,000 Investment in THOR Industries, Inc. (NYSE:THO)

Axxcess Wealth Management LLC acquired a new position in shares of THOR Industries, Inc. (NYSE:THO) in the 3rd quarter, HoldingsChannel.com reports. The firm acquired 2,003 shares of the construction company’s stock, valued at approximately $220,000.

Several other hedge funds also recently added to or reduced their stakes in THO. Tortoise Investment Management LLC boosted its holdings 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 buying an additional 124 shares during the period. Quarry LP bought a new stake in THOR Industries in the 2nd quarter valued at about $28,000. UMB Bank n.a. raised its position in shares of THOR Industries by 2,050.0% during the 3rd quarter. UMB Bank n.a. now owns 258 shares of the construction company’s stock worth $28,000 after buying an additional 246 shares in the last quarter. Blue Trust Inc. raised its position in shares of THOR Industries by 548.1% during the 2nd quarter. Blue Trust Inc. now owns 337 shares of the construction company’s stock worth $31,000 after buying an additional 285 shares in the last quarter. Finally, Van ECK Associates Corp bought a new stake in shares of THOR Industries during the 3rd quarter worth about $32,000. 96.71% of the stock is owned by institutional investors and hedge funds.

THOR Industries Price Performance

Shares of THOR Industries stock opened at $109.41 on Friday. The firm has a fifty day simple moving average of $107.16 and a 200-day simple moving average of $101.84. The company has a current ratio of 1.69, a quick ratio of 0.82 and a debt-to-equity ratio of 0.27. THOR Industries, Inc. has a 1-year low of $88.37 and a 1-year high of $129.31. The stock has a market capitalization of $5.81 billion, a price-to-earnings ratio of 22.19 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, beating the consensus estimate of $1.35 by $0.33. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.47 billion. THOR Industries had a net margin of 2.64% and a return on equity of 7.02%. The business’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.68 EPS. On average, sell-side analysts expect that THOR Industries, Inc. will post 4.85 earnings per share for the current year.

THOR Industries Increases Dividend

The firm also recently declared 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 annualized dividend and a yield of 1.83%. The ex-dividend date is Friday, November 1st. This is a positive change from THOR Industries’s previous quarterly dividend of $0.48. THOR Industries’s payout ratio is 40.57%.

Insider Buying and Selling at THOR Industries

In other news, VP Colleen A. Zuhl sold 4,354 shares of the company’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $115.00, for a total value 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. This represents a 3.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 4.50% of the company’s stock.

Analyst Ratings Changes

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

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.