MetLife Investment Management LLC Has $3.02 Million Stock Position in THOR Industries, Inc. (NYSE:THO)

MetLife Investment Management LLC decreased its stake in THOR Industries, Inc. (NYSE:THO) by 2.1% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 27,453 shares of the construction company’s stock after selling 581 shares during the quarter. MetLife Investment Management LLC owned 0.05% of THOR Industries worth $3,017,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Tortoise Investment Management LLC boosted 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 valued at $27,000 after purchasing an additional 124 shares during the period. Stratos Wealth Advisors LLC boosted its position in shares of THOR Industries by 2.2% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 6,411 shares of the construction company’s stock valued at $705,000 after purchasing an additional 135 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of THOR Industries by 0.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 15,776 shares of the construction company’s stock valued at $1,734,000 after purchasing an additional 135 shares during the period. MJP Associates Inc. ADV boosted its position in THOR Industries by 7.1% during the 2nd quarter. MJP Associates Inc. ADV now owns 2,321 shares of the construction company’s stock worth $217,000 after acquiring an additional 153 shares during the period. Finally, Palouse Capital Management Inc. boosted its position in THOR Industries by 25.1% during the 2nd quarter. Palouse Capital Management Inc. now owns 793 shares of the construction company’s stock worth $74,000 after acquiring an additional 159 shares during the period. Institutional investors and hedge funds own 96.71% of the company’s stock.

THOR Industries Stock Down 2.2 %

THO opened at $108.49 on Wednesday. THOR Industries, Inc. has a fifty-two week low of $88.37 and a fifty-two week high of $129.31. The business has a 50-day moving average of $109.30 and a 200-day moving average of $102.59. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.69 and a quick ratio of 0.82. The company has a market capitalization of $5.76 billion, a PE ratio of 22.01 and a beta of 1.67.

THOR Industries (NYSE:THO) last issued its quarterly earnings data on Tuesday, September 24th. The construction company reported $1.68 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.33. THOR Industries had a return on equity of 7.02% and a net margin of 2.64%. The business had revenue of $2.53 billion for the quarter, compared to the consensus estimate of $2.47 billion. During the same period last year, the business earned $1.68 EPS. The firm’s revenue was down 7.4% compared to the same quarter last year. Equities research analysts forecast that THOR Industries, Inc. will post 4.85 EPS for the current fiscal year.

THOR Industries Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.84%. This is an increase from THOR Industries’s previous quarterly dividend of $0.48. The ex-dividend date was Friday, November 1st. THOR Industries’s dividend payout ratio (DPR) is presently 40.57%.

Analyst Upgrades and Downgrades

THO has been the subject of a number of research reports. BMO Capital Markets restated an “outperform” rating and set a $120.00 price objective on shares of THOR Industries in a research report on Thursday, September 19th. DA Davidson restated a “neutral” rating and set a $95.00 price objective on shares of THOR Industries in a research report on Monday, September 30th. Benchmark restated a “hold” rating on shares of THOR Industries in a research report on Tuesday. Truist Financial raised their price objective on THOR Industries from $95.00 to $105.00 and gave the stock a “hold” rating in a research report on Friday, September 20th. Finally, Citigroup raised their price objective on THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $110.80.

Insider Activity at THOR Industries

In related news, VP Colleen A. Zuhl sold 4,354 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $115.00, for a total value of $500,710.00. Following the transaction, the vice president now directly owns 131,905 shares of the company’s stock, valued at approximately $15,169,075. This trade represents a 3.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 4.50% of the stock is owned by company insiders.

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.