Posted by admin on Jul 20th, 2022 
Stratos Wealth Partners LTD. decreased its holdings in Thor Industries, Inc. (NYSE:THO – Get Rating) by 7.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 2,623 shares of the construction company’s stock after selling 200 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in Thor Industries were worth $206,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of the business. Commerce Bank grew its stake in shares of Thor Industries by 5.8% in the fourth quarter. Commerce Bank now owns 2,257 shares of the construction company’s stock worth $234,000 after acquiring an additional 123 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of Thor Industries by 6.8% in the fourth quarter. CIBC Asset Management Inc now owns 2,477 shares of the construction company’s stock worth $257,000 after acquiring an additional 158 shares in the last quarter. M&T Bank Corp grew its stake in shares of Thor Industries by 9.0% in the fourth quarter. M&T Bank Corp now owns 2,058 shares of the construction company’s stock worth $213,000 after acquiring an additional 170 shares in the last quarter. State of Michigan Retirement System grew its stake in shares of Thor Industries by 1.4% in the fourth quarter. State of Michigan Retirement System now owns 14,035 shares of the construction company’s stock worth $1,456,000 after acquiring an additional 200 shares in the last quarter. Finally, 1ST Source Bank grew its stake in shares of Thor Industries by 9.8% during the fourth quarter. 1ST Source Bank now owns 2,248 shares of the construction company’s stock worth $233,000 after purchasing an additional 200 shares in the last quarter. Institutional investors and hedge funds own 93.11% of the company’s stock.
In other news, Director Peter Busch Orthwein purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 10th. The stock was purchased at an average cost of $75.00 per share, with a total value of $750,000.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at approximately $750,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, COO W. Todd Woelfer purchased 1,225 shares of the business’s stock in a transaction that occurred on Tuesday, July 12th. The stock was purchased at an average cost of $81.55 per share, with a total value of $99,898.75. Following the completion of the acquisition, the chief operating officer now directly owns 70,325 shares of the company’s stock, valued at approximately $5,735,003.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Peter Busch Orthwein purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, June 10th. The shares were purchased at an average cost of $75.00 per share, with a total value of $750,000.00. Following the completion of the acquisition, the director now directly owns 10,000 shares of the company’s stock, valued at $750,000. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 14,225 shares of company stock valued at $1,077,899. Insiders own 4.30% of the company’s stock.
Shares of NYSE:THO opened at $84.00 on Wednesday. The company has a 50-day simple moving average of $76.47 and a 200-day simple moving average of $84.34. Thor Industries, Inc. has a one year low of $66.26 and a one year high of $128.87. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.82 and a current ratio of 1.70. The stock has a market capitalization of $4.58 billion, a price-to-earnings ratio of 4.29 and a beta of 1.73.
Thor Industries (NYSE:THO – Get Rating) last announced its earnings results on Wednesday, June 8th. The construction company reported $6.32 EPS for the quarter, beating analysts’ consensus estimates of $4.87 by $1.45. Thor Industries had a net margin of 6.76% and a return on equity of 34.04%. The business had revenue of $4.66 billion during the quarter, compared to analysts’ expectations of $4.18 billion. During the same period in the prior year, the company earned $3.29 earnings per share. The business’s revenue was up 34.6% compared to the same quarter last year. On average, analysts predict that Thor Industries, Inc. will post 19.16 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 19th. Stockholders of record on Tuesday, July 5th were issued a $0.43 dividend. The ex-dividend date of this dividend was Friday, July 1st. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.05%. Thor Industries’s payout ratio is 8.79%.
THO has been the subject of a number of analyst reports. BNP Paribas downgraded shares of Thor Industries from a “neutral” rating to an “underperform” rating and set a $65.00 target price for the company. in a research note on Wednesday, April 13th. MKM Partners initiated coverage on shares of Thor Industries in a research note on Thursday, May 5th. They set a “neutral” rating and a $89.00 target price for the company. BMO Capital Markets lowered their target price on shares of Thor Industries from $110.00 to $95.00 in a research note on Monday, May 16th. StockNews.com initiated coverage on shares of Thor Industries in a research note on Thursday, March 31st. They set a “hold” rating for the company. Finally, Truist Financial lowered their target price on shares of Thor Industries to $75.00 in a research note on Thursday, May 26th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $86.11.
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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.
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