Legal & General Group Plc Purchases Shares of 75,287 Thor Industries, Inc. $THO

Legal & General Group Plc purchased a new stake in shares of Thor Industries, Inc. (NYSE:THO) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 75,287 shares of the RV manufacturer’s stock, valued at approximately $5,659,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in THO. Kingsview Wealth Management LLC boosted its stake in shares of Thor Industries by 955.2% during the 4th quarter. Kingsview Wealth Management LLC now owns 28,057 shares of the RV manufacturer’s stock worth $2,881,000 after acquiring an additional 25,398 shares during the last quarter. Edgestream Partners L.P. increased its stake in shares of Thor Industries by 133.0% in the 1st quarter. Edgestream Partners L.P. now owns 26,816 shares of the RV manufacturer’s stock worth $2,142,000 after purchasing an additional 15,309 shares in the last quarter. Capital Research Global Investors increased its stake in shares of Thor Industries by 3.2% in the 4th quarter. Capital Research Global Investors now owns 1,581,876 shares of the RV manufacturer’s stock worth $162,411,000 after purchasing an additional 48,466 shares in the last quarter. Callan Family Office LLC bought a new position in Thor Industries in the 2nd quarter worth $1,054,000. Finally, ACR Alpine Capital Research LLC raised its holdings in Thor Industries by 0.7% in the 4th quarter. ACR Alpine Capital Research LLC now owns 4,133,782 shares of the RV manufacturer’s stock worth $424,415,000 after purchasing an additional 26,712 shares during the period. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Thor Industries Stock Performance

NYSE THO opened at $75.68 on Friday. The company has a quick ratio of 0.80, a current ratio of 1.71 and a debt-to-equity ratio of 0.20. Thor Industries, Inc. has a twelve month low of $69.71 and a twelve month high of $122.83. The business has a 50-day moving average price of $76.94 and a 200-day moving average price of $80.15. The firm has a market cap of $3.94 billion, a price-to-earnings ratio of 32.76, a price-to-earnings-growth ratio of 1.66 and a beta of 1.34.

Thor Industries (NYSE:THO) last issued its earnings results on Wednesday, June 3rd. The RV manufacturer reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.88 by ($0.02). Thor Industries had a net margin of 2.67% and a return on equity of 5.74%. The business had revenue of $2.78 billion for the quarter, compared to the consensus estimate of $2.67 billion. During the same period last year, the business posted $2.53 EPS. The firm’s revenue for the quarter was down 3.9% compared to the same quarter last year. As a group, equities research analysts predict that Thor Industries, Inc. will post 3.21 EPS for the current fiscal year.

Thor Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.52 per share. The ex-dividend date was Wednesday, July 1st. This represents a $2.08 annualized dividend and a dividend yield of 2.7%. Thor Industries’s dividend payout ratio (DPR) is presently 90.04%.

Analysts Set New Price Targets

THO has been the subject of several recent research reports. Weiss Ratings lowered Thor Industries from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Wall Street Zen cut Thor Industries from a “hold” rating to a “sell” rating in a research report on Saturday, June 6th. Zacks Research upgraded Thor Industries from a “strong sell” rating to a “hold” rating in a research note on Monday, August 24th. Roth Capital set a $78.00 target price on shares of Thor Industries in a report on Thursday, June 4th. Finally, Truist Financial decreased their target price on shares of Thor Industries from $109.00 to $80.00 and set a “hold” rating on the stock in a research note on Wednesday, July 8th. Three investment analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $92.33.

Thor Industries Profile

Thor Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and related components for the leisure travel market. Through its family of well-known brands—such as Airstream, Heartland, Jayco, Keystone RV and Thor Motor Coach—the company designs, manufactures and sells a broad range of motorized and towable RVs, complemented by aftermarket parts and service solutions. Thor offers products that span travel trailers, fifth wheels, toy haulers and Class A, B and C motorhomes, addressing both entry-level and premium segments.

Founded in 1980 when Wade Thompson and Peter Orthwein acquired Airstream from Beatrice Foods, Thor Industries has grown organically and through strategic acquisitions to become one of the largest RV producers in the world.