Algert Global LLC increased its position in THOR Industries, Inc. (NYSE: THO – Get Rating) by 48.3% in the third quarter, according to its latest 13F filing with the SEC. The fund owned his 52,458 shares of construction company stock after which he purchased an additional 17,074 shares during the period. Algert Global LLC owned his 0.10% of THOR Industries worth $3,671,000 as of the latest filing with the SEC.
Several other institutional investors and hedge funds have also recently increased or decreased their stakes in the company. Northwestern Mutual Wealth Management Co. increased his stake in THOR Industries by 52.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 445 shares in the construction company, worth $33,000, after purchasing an additional 153 shares in him last quarter. CoreCap Advisors LLC purchased his new THOR Industries position in the second quarter for approximately $36,000. Nomura Asset Management Co., Ltd. increased its stake in THOR Industries by 30.6% in the third quarter. Nomura Asset Management Co. now owns 640 shares in the construction company worth $45,000 after purchasing an additional 150 shares in him last quarter. Covestor Ltd increased his THOR Industries stake by 51.7% in the first quarter. Covestor Ltd now owns 725 shares worth $57,000 in the construction company after purchasing an additional 247 shares last quarter. Finally, Wipfli Financial Advisors LLC purchased his THOR Industries new position in the third quarter for approximately $68,000. Hedge funds and other institutional investors own 98.68% of the company’s shares.
Analyst upgrades and downgrades
Several research analysts have commented on the THO stock. Truist Financial raised its price target on THOR Industries stock to $80.00 from his $70.00 in a report on Friday, Feb. 17. Citigroup raised its price target for THOR Industries from $87.00 to $94.00 in a report on Friday, February 24, giving the company a “neutral” rating. DA Davidson said in a report Thursday that he lowered his price target for THOR Industries to $77.00 from $84.00, setting the company’s rating to “neutral.” Finally, Roth Capital reissued a ‘neutral’ rating on THOR Industries’ stock in a report on Tuesday. Two equity research analysts assigned a sell rating to this stock, eight assigned a hold rating, and two assigned a buy rating. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $80.63.
THOR Industries stock performance
THOR Industries shares opened at $86.30 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.95 and a debt to equity ratio of 0.46. The company has a market capitalization of $4.62 billion, a PE ratio of 5.95 and a beta of 1.79. The company has a 50-day simple moving average of $90.91 and a 200-day simple moving average of $83.59. THOR Industries, Inc. has a 12-month low of $66.26 and a 12-month high of $105.36.
THOR Industries (NYSE:THO – Get Rating) last reported quarterly results on Tuesday, March 7. The construction company reported earnings of $0.50 per share for the quarter, missing consensus expectations of $1.10 ($0.60). The business reported revenue of $2.35 billion for the quarter, compared to consensus expectations of $2.49 billion. THOR Industries had a return on equity of 21.88% and a net profit margin of 5.69%. The business’ revenue for the quarter fell 39.4% year-on-year. His earnings per share for the company in the same period last year were $4.79. Research analysts expect THOR Industries, Inc. to post 6 EPS this year.
THOR Industries Announces Dividend
The company recently announced its quarterly dividend, which was paid out on Friday, January 13th. Shareholders of record on Friday, December 30 were awarded a dividend of $0.45. This represents his $1.80 dividend and his 2.09% dividend yield on an annual basis. The ex-dividend date for this dividend was Thursday, December 29. THOR Industries has a payout percentage of 12.41%.
About Toll Industries
Thor Industries, Inc manufactures and sells recreational vehicles. It operates through the following segments: North American Towable RVs, North American Electric RVs, and European RVs. The North America Towed Recreational Vehicles segment includes entities such as Airstream, Heartland, Jaco, Keystone and KZ.
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