Brooklyn Investment Group Makes New Investment in THOR Industries, Inc. (NYSE:THO)

Brooklyn Investment Group acquired a new stake in shares of THOR Industries, Inc. (NYSE:THO) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 346 shares of the construction company’s stock, valued at approximately $38,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. grew its stake in THOR Industries by 2,050.0% in 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 during the last quarter. Tortoise Investment Management LLC grew its position in shares of THOR Industries by 77.0% in the 2nd quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock worth $27,000 after buying an additional 124 shares during the last quarter. Quarry LP bought a new position in shares of THOR Industries during the 2nd quarter worth approximately $28,000. Van ECK Associates Corp purchased a new stake in THOR Industries during the third quarter valued at approximately $32,000. Finally, Blue Trust Inc. lifted its position in 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 acquiring an additional 285 shares during the last quarter. 96.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. BMO Capital Markets reissued an “outperform” rating and set a $120.00 target price on shares of THOR Industries in a research report on Thursday, September 19th. Truist Financial increased their target price 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. Benchmark reissued a “hold” rating on shares of THOR Industries in a research report on Tuesday, October 1st. DA Davidson reissued a “neutral” rating and set a $95.00 target price on shares of THOR Industries in a research report on Monday, September 30th. Finally, Citigroup increased their target price on shares of THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a research 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $110.80.

Insider Transactions at THOR Industries

In other news, VP Colleen A. Zuhl sold 4,354 shares of the 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 sale, the vice president now owns 131,905 shares in the company, valued at $15,169,075. This represents a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 4.50% of the company’s stock.

THOR Industries Trading Up 0.4 %

Shares of THOR Industries stock opened at $111.60 on Friday. The company has a current ratio of 1.69, a quick ratio of 0.82 and a debt-to-equity ratio of 0.27. THOR Industries, Inc. has a 12-month low of $88.37 and a 12-month high of $129.31. The firm has a market capitalization of $5.93 billion, a price-to-earnings ratio of 22.64 and a beta of 1.67. The firm’s 50 day simple moving average is $108.98 and its two-hundred day simple moving average is $102.51.

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, topping analysts’ consensus estimates of $1.35 by $0.33. The firm had revenue of $2.53 billion for 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%. The business’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.68 earnings per share. Analysts predict that THOR Industries, Inc. will post 4.85 EPS for the current year.

THOR Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Friday, November 1st were paid a $0.50 dividend. The ex-dividend date was Friday, November 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.79%. This is a positive change from THOR Industries’s previous quarterly dividend of $0.48. THOR Industries’s dividend payout ratio is presently 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.