Centric Wealth Management Has $2.42 Million Stock Position in THOR Industries, Inc. (NYSE:THO)

Centric Wealth Management raised its position in THOR Industries, Inc. (NYSE:THO) by 2.8% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 21,987 shares of the construction company’s stock after acquiring an additional 592 shares during the period. Centric Wealth Management’s holdings in THOR Industries were worth $2,423,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of THO. Tortoise Investment Management LLC increased its holdings in THOR Industries by 77.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock worth $27,000 after purchasing an additional 124 shares in the last quarter. Quarry LP purchased a new stake in THOR Industries in the 2nd quarter valued at $28,000. UMB Bank n.a. lifted its stake in THOR Industries by 2,050.0% during the 3rd quarter. UMB Bank n.a. now owns 258 shares of the construction company’s stock valued at $28,000 after acquiring an additional 246 shares in the last quarter. Blue Trust Inc. boosted its holdings in THOR Industries by 548.1% during the 2nd quarter. Blue Trust Inc. now owns 337 shares of the construction company’s stock worth $31,000 after acquiring an additional 285 shares during the last quarter. Finally, Van ECK Associates Corp bought a new stake in shares of THOR Industries in the 3rd quarter worth $32,000. Institutional investors own 96.71% of the company’s stock.

Insider Transactions at THOR Industries

In other THOR Industries news, VP Colleen A. Zuhl sold 4,354 shares of THOR Industries 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 sale, the vice president now directly owns 131,905 shares in the company, valued at $15,169,075. The trade was a 3.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 4.50% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. Truist Financial boosted their price target on shares of THOR Industries from $95.00 to $105.00 and gave the stock a “hold” rating in a report on Friday, September 20th. DA Davidson restated a “neutral” rating and issued a $95.00 target price on shares of THOR Industries in a research note on Monday, September 30th. Benchmark reiterated a “hold” rating on shares of THOR Industries in a report on Tuesday, October 1st. BMO Capital Markets reaffirmed an “outperform” rating and set a $120.00 target price on shares of THOR Industries in a research report on Thursday, September 19th. Finally, Citigroup lifted their target price on THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $110.80.

THOR Industries Trading Down 1.8 %

Shares of THOR Industries stock opened at $111.13 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.82 and a current ratio of 1.69. The stock has a market capitalization of $5.90 billion, a P/E ratio of 22.54 and a beta of 1.67. THOR Industries, Inc. has a 52-week low of $88.37 and a 52-week high of $129.31. The stock’s 50-day simple moving average is $108.91 and its 200 day simple moving average is $102.44.

THOR Industries (NYSE:THO) last released its quarterly earnings data on Tuesday, September 24th. The construction company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.33. The business had revenue of $2.53 billion during the quarter, compared to analyst estimates 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 was down 7.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.68 EPS. As a group, research analysts anticipate that THOR Industries, Inc. will post 4.85 EPS for the current year.

THOR Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.80%. The ex-dividend date of this dividend was Friday, November 1st. THOR Industries’s payout ratio is 40.57%.

About THOR Industries

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.