PNC Financial Services Group Inc. Boosts Stock Position in THOR Industries, Inc. (NYSE:THO)

PNC Financial Services Group Inc. raised its holdings in THOR Industries, Inc. (NYSE:THO) by 10.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 17,557 shares of the construction company’s stock after purchasing an additional 1,597 shares during the quarter. PNC Financial Services Group Inc.’s holdings in THOR Industries were worth $1,929,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in THO. Pacer Advisors Inc. raised its holdings in shares of THOR Industries by 35.1% in the 2nd quarter. Pacer Advisors Inc. now owns 1,140,363 shares of the construction company’s stock worth $106,567,000 after purchasing an additional 296,583 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of 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. Natixis Advisors LLC lifted its position in shares of THOR Industries by 51.3% during the 3rd quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company’s stock valued at $55,486,000 after buying an additional 171,244 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in shares of THOR Industries during the 3rd quarter worth $13,229,000. Finally, American Century Companies Inc. increased its holdings in THOR Industries by 12.2% in the 2nd quarter. American Century Companies Inc. now owns 723,910 shares of the construction company’s stock worth $67,649,000 after acquiring an additional 78,832 shares during the last quarter. 96.71% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at THOR Industries

In related news, VP Colleen A. Zuhl sold 4,354 shares of the company’s stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $115.00, for a total value of $500,710.00. Following the completion of the transaction, the vice president now directly owns 131,905 shares in the company, valued at approximately $15,169,075. The trade was a 3.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.50% of the company’s stock.

THOR Industries Stock Down 2.1 %

THO opened at $113.15 on Wednesday. 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, Inc. has a one year low of $88.37 and a one year high of $129.31. The firm has a market capitalization of $6.01 billion, a P/E ratio of 22.93 and a beta of 1.67. The company has a fifty day moving average price of $108.62 and a 200-day moving average price of $102.33.

THOR Industries (NYSE:THO) last announced its 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. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.47 billion. THOR Industries had a return on equity of 7.02% and a net margin of 2.64%. The company’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. Equities research analysts expect that THOR Industries, Inc. will post 4.85 earnings per share for the current fiscal year.

THOR Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend was Friday, November 1st. This is a boost from THOR Industries’s previous quarterly dividend of $0.48. THOR Industries’s payout ratio is currently 40.57%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Truist Financial upped their price objective on shares of THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a report on Friday, September 20th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $120.00 price objective on shares of THOR Industries in a report on Thursday, September 19th. Benchmark restated a “hold” rating on shares of THOR Industries in a research report on Tuesday, October 1st. DA Davidson reaffirmed a “neutral” rating and issued a $95.00 price target on shares of THOR Industries in a report on Monday, September 30th. Finally, Citigroup increased their price objective on THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, THOR Industries has a consensus rating of “Moderate Buy” and a consensus 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.