Crossmark Global Holdings Inc. Grows Stock Position in THOR Industries, Inc. (NYSE:THO)

Crossmark Global Holdings Inc. boosted its position in shares of THOR Industries, Inc. (NYSE:THO) by 7.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,419 shares of the construction company’s stock after buying an additional 242 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in THOR Industries were worth $375,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of THO. Gamco Investors INC. ET AL raised its holdings in shares of 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 worth $481,000 after buying an additional 100 shares during the period. Ontario Teachers Pension Plan Board increased its stake in THOR Industries by 0.8% in the first quarter. Ontario Teachers Pension Plan Board now owns 13,960 shares of the construction company’s stock worth $1,638,000 after purchasing an additional 108 shares during the period. Tortoise Investment Management LLC lifted its position in shares of THOR Industries by 77.0% during the second quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock worth $27,000 after purchasing an additional 124 shares during the last quarter. Stratos Wealth Advisors LLC boosted its stake in shares of THOR Industries by 2.2% during the third quarter. Stratos Wealth Advisors LLC now owns 6,411 shares of the construction company’s stock valued at $705,000 after purchasing an additional 135 shares during the period. Finally, Nisa Investment Advisors LLC grew its holdings in shares of THOR Industries by 0.9% in 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 during the last quarter. Institutional investors own 96.71% of the company’s stock.

Insider Buying and Selling at THOR Industries

In other THOR Industries news, VP Colleen A. Zuhl sold 4,354 shares of the business’s stock in a transaction that occurred on 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.50% of the stock is currently owned by company insiders.

THOR Industries Price Performance

THO opened at $109.37 on Monday. The firm has a market capitalization of $5.81 billion, a PE ratio of 22.18 and a beta of 1.67. The business’s 50-day moving average is $107.33 and its two-hundred day moving average is $101.93. 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 0.27, a current ratio of 1.69 and a quick ratio of 0.82.

THOR Industries (NYSE:THO) last posted its earnings results on Tuesday, September 24th. The construction company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates 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 2.64% and a return on equity of 7.02%. THOR Industries’s revenue for the quarter was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.68 earnings per share. Research analysts anticipate that THOR Industries, Inc. will post 4.85 earnings per share for the current fiscal year.

THOR Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were given a dividend of $0.50 per share. This is a positive change from THOR Industries’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend was Friday, November 1st. THOR Industries’s dividend payout ratio is currently 40.57%.

Wall Street Analyst Weigh In

THO has been the subject of a number of research analyst reports. Benchmark reiterated a “hold” rating on shares of THOR Industries in a report on Tuesday, October 1st. Citigroup lifted their price target 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. BMO Capital Markets reissued 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 lifted their target price on THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a research report on Friday, September 20th. Finally, DA Davidson reissued a “neutral” rating and set a $95.00 price target on shares of THOR Industries in a research report on Monday, September 30th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, THOR Industries presently has a consensus rating of “Moderate Buy” and an average price target of $110.80.

THOR Industries Company 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.