THOR Industries, Inc. (NYSE:THO) Shares Sold by Independent Solutions Wealth Management LLC

Independent Solutions Wealth Management LLC lessened its stake in THOR Industries, Inc. (NYSE:THO) by 5.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,835 shares of the construction company’s stock after selling 150 shares during the period. Independent Solutions Wealth Management LLC’s holdings in THOR Industries were worth $312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Natixis Advisors LLC lifted its holdings in shares of THOR Industries by 51.3% in the 3rd quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company’s stock valued at $55,486,000 after purchasing an additional 171,244 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in THOR Industries by 6.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,901,024 shares of the construction company’s stock valued at $271,097,000 after buying an additional 187,019 shares during the last quarter. &PARTNERS acquired a new stake in shares of THOR Industries in the second quarter valued at approximately $623,000. Oppenheimer Asset Management Inc. grew its position in shares of THOR Industries by 12.6% during the second quarter. Oppenheimer Asset Management Inc. now owns 387,189 shares of the construction company’s stock worth $36,183,000 after acquiring an additional 43,326 shares during the last quarter. Finally, State Street Corp grew its position in shares of THOR Industries by 2.1% during the third quarter. State Street Corp now owns 1,624,002 shares of the construction company’s stock worth $178,462,000 after acquiring an additional 33,619 shares during the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

Analyst Upgrades and Downgrades

THO has been the subject of a number of recent research reports. Citigroup increased their price target on shares of THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. DA Davidson reissued a “neutral” rating and set a $95.00 price target on shares of THOR Industries in a report on Monday, September 30th. StockNews.com downgraded THOR Industries from a “hold” rating to a “sell” rating in a research note on Friday, December 6th. Bank of America assumed coverage on THOR Industries in a research note on Friday, December 13th. They issued a “neutral” rating and a $120.00 target price on the stock. Finally, BMO Capital Markets restated an “outperform” rating and set a $120.00 price target on shares of THOR Industries in a research note on Thursday, September 19th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $112.33.

Insider Buying and Selling

In other news, VP Colleen A. Zuhl sold 4,354 shares of THOR Industries stock in a transaction that occurred 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 sale, the vice president now directly owns 131,905 shares in the company, valued at approximately $15,169,075. This trade represents a 3.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.50% of the stock is owned by insiders.

THOR Industries Stock Performance

Shares of THO stock opened at $96.26 on Friday. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26. The stock has a 50 day simple moving average of $108.14 and a 200-day simple moving average of $103.12. The company has a market cap of $5.12 billion, a price-to-earnings ratio of 24.62 and a beta of 1.67. THOR Industries, Inc. has a 12-month low of $88.37 and a 12-month high of $129.31.

THOR Industries (NYSE:THO) last released its quarterly earnings data on Tuesday, September 24th. The construction company reported $1.68 earnings per share (EPS) for the quarter, topping 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 return on equity of 5.97% and a net margin of 2.17%. THOR Industries’s revenue was down 7.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.68 earnings per share. On average, equities analysts forecast that THOR Industries, Inc. will post 4.67 EPS for the current year.

THOR Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Monday, January 6th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.08%. THOR Industries’s dividend payout ratio (DPR) is 51.15%.

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.