Jade Capital Advisors LLC Invests $4.12 Million in THOR Industries, Inc. (NYSE:THO)

Jade Capital Advisors LLC acquired a new position in shares of THOR Industries, Inc. (NYSE:THO) in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 37,500 shares of the construction company’s stock, valued at approximately $4,121,000. THOR Industries comprises about 2.6% of Jade Capital Advisors LLC’s holdings, making the stock its 9th biggest holding. Jade Capital Advisors LLC owned about 0.07% of THOR Industries at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of THO. Pacer Advisors Inc. lifted its position in shares of THOR Industries by 35.1% during the 2nd quarter. Pacer Advisors Inc. now owns 1,140,363 shares of the construction company’s stock worth $106,567,000 after buying an additional 296,583 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of THOR Industries by 6.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,901,024 shares of the construction company’s stock valued at $271,097,000 after acquiring an additional 187,019 shares during the period. American Century Companies Inc. increased its holdings in shares of THOR Industries by 12.2% in the 2nd quarter. American Century Companies Inc. now owns 723,910 shares of the construction company’s stock valued at $67,649,000 after acquiring an additional 78,832 shares during the period. ACR Alpine Capital Research LLC increased its stake in THOR Industries by 4.3% in the 2nd quarter. ACR Alpine Capital Research LLC now owns 1,524,303 shares of the construction company’s stock valued at $142,446,000 after buying an additional 62,716 shares during the period. Finally, Natixis Advisors LLC increased its stake in THOR Industries by 22.9% in the 2nd quarter. Natixis Advisors LLC now owns 333,678 shares of the construction company’s stock valued at $31,182,000 after buying an additional 62,141 shares during the period. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Insider Buying and Selling

In related news, VP Colleen A. Zuhl sold 4,354 shares of the business’s stock in a transaction dated 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 directly owns 131,905 shares in the company, valued at $15,169,075. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.70% of the company’s stock.

THOR Industries Stock Performance

NYSE:THO opened at $110.27 on Tuesday. The company has a quick ratio of 0.82, a current ratio of 1.69 and a debt-to-equity ratio of 0.27. THOR Industries, Inc. has a fifty-two week low of $84.54 and a fifty-two week high of $129.31. The stock has a market cap of $5.84 billion, a PE ratio of 22.37 and a beta of 1.67. The firm’s fifty day simple moving average is $105.74 and its 200-day simple moving average is $101.31.

THOR Industries (NYSE:THO) last posted its quarterly earnings results 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. THOR Industries had a net margin of 2.64% and a return on equity of 7.02%. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.47 billion. During the same period in the prior year, the company posted $1.68 EPS. The business’s revenue for the quarter was down 7.4% on a year-over-year basis. Analysts expect that THOR Industries, Inc. will post 4.85 earnings per share for the current fiscal year.

THOR Industries Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a $0.50 dividend. The ex-dividend date is Friday, November 1st. This is a positive change from THOR Industries’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 1.81%. THOR Industries’s payout ratio is currently 38.95%.

Analysts Set New Price Targets

THO has been the topic of several recent research reports. BMO Capital Markets reissued an “outperform” rating and issued a $120.00 price objective on shares of THOR Industries in a research note on Thursday, September 19th. Citigroup boosted their price objective on shares of THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Truist Financial boosted their price objective on shares of THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a research note on Friday, September 20th. Benchmark reissued a “hold” rating on shares of THOR Industries in a research note on Tuesday, October 1st. Finally, DA Davidson reissued a “neutral” rating and issued a $95.00 price objective on shares of THOR Industries in a research note on Monday, September 30th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $110.80.

THOR Industries 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.