Thor Industries, Inc. $THO Stake Raised by Natixis Advisors LLC

Natixis Advisors LLC increased its holdings in Thor Industries, Inc. (NYSE:THO) by 5.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 723,249 shares of the RV manufacturer’s stock after acquiring an additional 36,971 shares during the period. Natixis Advisors LLC owned about 1.37% of Thor Industries worth $74,256,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of THO. Foster Dykema Cabot & Partners LLC purchased a new stake in Thor Industries in the 3rd quarter worth about $27,000. V Square Quantitative Management LLC purchased a new stake in Thor Industries in the 4th quarter worth about $29,000. Danske Bank A S purchased a new stake in Thor Industries in the 3rd quarter worth about $41,000. eCIO Inc. purchased a new stake in Thor Industries in the 4th quarter worth about $49,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Thor Industries in the 4th quarter worth about $51,000. 96.71% of the stock is owned by hedge funds and other institutional investors.

Thor Industries Stock Performance

Shares of THO stock opened at $77.89 on Wednesday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.76 and a quick ratio of 0.73. Thor Industries, Inc. has a fifty-two week low of $70.56 and a fifty-two week high of $122.83. The stock’s 50-day moving average is $77.89 and its two-hundred day moving average is $95.25. The firm has a market cap of $4.10 billion, a P/E ratio of 24.19, a PEG ratio of 1.55 and a beta of 1.32.

Thor Industries (NYSE:THO) last issued its earnings results on Tuesday, March 3rd. The RV manufacturer reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.31. Thor Industries had a return on equity of 6.96% and a net margin of 3.02%.The company had revenue of $2.13 billion for the quarter, compared to analyst estimates of $1.96 billion. During the same period in the prior year, the firm posted ($0.01) EPS. The business’s revenue was up 5.3% compared to the same quarter last year. Analysts predict that Thor Industries, Inc. will post 3.75 earnings per share for the current fiscal year.

Thor Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 20th. Stockholders of record on Monday, April 6th were issued a dividend of $0.52 per share. The ex-dividend date of this dividend was Monday, April 6th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.7%. Thor Industries’s dividend payout ratio is currently 64.60%.

Wall Street Analysts Forecast Growth

THO has been the subject of several research analyst reports. Truist Financial reduced their price objective on Thor Industries from $112.00 to $109.00 and set a “hold” rating for the company in a research note on Wednesday, March 11th. DA Davidson reduced their price objective on Thor Industries from $102.00 to $100.00 and set a “neutral” rating for the company in a research note on Wednesday, March 4th. Citigroup dropped their target price on Thor Industries from $100.00 to $82.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 27th. Seaport Research Partners started coverage on Thor Industries in a research report on Monday, April 20th. They issued a “neutral” rating on the stock. Finally, Benchmark reaffirmed a “hold” rating on shares of Thor Industries in a research report on Wednesday, March 4th. Three analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $108.11.

Insider Activity at Thor Industries

In related news, Director Peter Busch Orthwein acquired 2,600 shares of the stock in a transaction dated Friday, March 6th. The shares were acquired at an average price of $88.25 per share, with a total value of $229,450.00. Following the acquisition, the director owned 139,000 shares in the company, valued at approximately $12,266,750. The trade was a 1.91% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 4.70% of the company’s stock.

About Thor Industries

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.