Atria Investments Inc Has $9.57 Million Stock Holdings in THOR Industries, Inc. (NYSE:THO)

Atria Investments Inc raised its stake in THOR Industries, Inc. (NYSE:THO) by 1.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 87,071 shares of the construction company’s stock after purchasing an additional 1,625 shares during the quarter. Atria Investments Inc’s holdings in THOR Industries were worth $9,568,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in THO. Gamco Investors INC. ET AL grew its position in THOR Industries by 2.5% in the first quarter. Gamco Investors INC. ET AL now owns 4,100 shares of the construction company’s stock worth $481,000 after acquiring an additional 100 shares in the last quarter. Ontario Teachers Pension Plan Board grew its position in THOR Industries by 0.8% in the first quarter. Ontario Teachers Pension Plan Board now owns 13,960 shares of the construction company’s stock worth $1,638,000 after acquiring an additional 108 shares in the last quarter. Tortoise Investment Management LLC grew its position in THOR Industries by 77.0% in the second quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock worth $27,000 after acquiring an additional 124 shares in the last quarter. Stratos Wealth Advisors LLC grew its position in THOR Industries by 2.2% in the third quarter. Stratos Wealth Advisors LLC now owns 6,411 shares of the construction company’s stock worth $705,000 after acquiring an additional 135 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in THOR Industries by 0.9% in the third quarter. Nisa Investment Advisors LLC now owns 15,776 shares of the construction company’s stock worth $1,734,000 after acquiring an additional 135 shares in the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

Insider Activity at THOR Industries

In related news, VP Colleen A. Zuhl sold 4,354 shares of the company’s stock in a transaction 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 transaction, the vice president now directly owns 131,905 shares in the company, valued at $15,169,075. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 4.70% of the company’s stock.

Analyst Upgrades and Downgrades

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

THOR Industries Price Performance

NYSE THO opened at $108.85 on Monday. The company has a current ratio of 1.69, a quick ratio of 0.82 and a debt-to-equity ratio of 0.27. The company has a fifty day simple moving average of $106.71 and a 200 day simple moving average of $101.56. The company has a market cap of $5.78 billion, a P/E ratio of 22.08 and a beta of 1.67. THOR Industries, Inc. has a 1 year low of $88.37 and a 1 year high of $129.31.

THOR Industries (NYSE:THO) last released its earnings results on Tuesday, September 24th. The construction company reported $1.68 EPS for the quarter, beating the consensus estimate of $1.35 by $0.33. The firm had revenue of $2.53 billion during the quarter, compared to analysts’ expectations 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 period in the prior year, the company earned $1.68 EPS. On average, sell-side analysts predict that THOR Industries, Inc. will post 4.85 EPS for the current year.

THOR Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be paid a dividend of $0.50 per share. This is a boost from THOR Industries’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Friday, November 1st. 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.