Shayne & Jacobs LLC Has $2.43 Million Stock Position in THOR Industries, Inc. (NYSE:THO)

Shayne & Jacobs LLC grew its holdings in shares of THOR Industries, Inc. (NYSE:THO) by 1.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 22,101 shares of the construction company’s stock after buying an additional 380 shares during the quarter. THOR Industries accounts for about 0.6% of Shayne & Jacobs LLC’s holdings, making the stock its 22nd biggest position. Shayne & Jacobs LLC’s holdings in THOR Industries were worth $2,429,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. 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 valued at $27,000 after purchasing an additional 124 shares in the last quarter. Quarry LP bought a new position in shares of THOR Industries during the second quarter valued at about $28,000. UMB Bank n.a. lifted its position in shares of THOR Industries by 2,050.0% during the third quarter. UMB Bank n.a. now owns 258 shares of the construction company’s stock valued at $28,000 after purchasing an additional 246 shares in the last quarter. Blue Trust Inc. lifted its position in shares of THOR Industries by 548.1% during the second quarter. Blue Trust Inc. now owns 337 shares of the construction company’s stock valued at $31,000 after purchasing an additional 285 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in shares of THOR Industries during the second quarter valued at about $33,000. 96.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on THO shares. Truist Financial raised their price target 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. BMO Capital Markets reaffirmed an “outperform” rating and issued a $120.00 price objective on shares of THOR Industries in a research report on Thursday, September 19th. DA Davidson reaffirmed a “neutral” rating and issued a $95.00 price objective on shares of THOR Industries in a research report on Monday, September 30th. Citigroup lifted their price objective 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. Finally, Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a research report on Tuesday, October 1st. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $110.80.

Insider Activity at THOR Industries

In related 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 completion of the transaction, the vice president now owns 131,905 shares of the company’s stock, valued at approximately $15,169,075. The trade was a 0.00 % 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. 4.70% of the stock is owned by corporate insiders.

THOR Industries Stock Performance

NYSE THO opened at $104.45 on Friday. The company’s 50 day moving average is $106.35 and its 200-day moving average is $101.27. THOR Industries, Inc. has a 12-month low of $84.54 and a 12-month high of $129.31. The company has a quick ratio of 0.82, a current ratio of 1.69 and a debt-to-equity ratio of 0.27. The firm has a market cap of $5.53 billion, a P/E ratio of 21.19 and a beta of 1.67.

THOR Industries (NYSE:THO) last posted its quarterly earnings results on Tuesday, September 24th. The construction company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.33. THOR Industries had a net margin of 2.64% and a return on equity of 7.02%. The company had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.47 billion. During the same quarter in the previous year, the firm posted $1.68 earnings per share. The company’s quarterly revenue was down 7.4% compared to the same quarter last year. Sell-side analysts predict that THOR Industries, Inc. will post 4.85 earnings per share for the current year.

THOR Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Friday, November 1st. This represents a $2.00 annualized dividend and a yield of 1.91%. This is a boost from THOR Industries’s previous quarterly dividend of $0.48. THOR Industries’s payout ratio is currently 38.95%.

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.