Schroder Investment Management Group Buys 4,899 Shares of Thor Industries, Inc. (NYSE:THO)

Schroder Investment Management Group lifted its stake in shares of Thor Industries, Inc. (NYSE:THO) by 28.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 22,158 shares of the construction company’s stock after acquiring an additional 4,899 shares during the period. Schroder Investment Management Group’s holdings in Thor […]

Thor Industries logoSchroder Investment Management Group lifted its stake in shares of Thor Industries, Inc. (NYSE:THO) by 28.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 22,158 shares of the construction company’s stock after acquiring an additional 4,899 shares during the period. Schroder Investment Management Group’s holdings in Thor Industries were worth $2,720,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in THO. Wolff Wiese Magana LLC lifted its position in Thor Industries by 133.0% in the 3rd quarter. Wolff Wiese Magana LLC now owns 212 shares of the construction company’s stock worth $26,000 after buying an additional 121 shares during the last quarter. Vigilant Capital Management LLC purchased a new position in shares of Thor Industries during the third quarter worth approximately $27,000. Spire Wealth Management lifted its holdings in shares of Thor Industries by 295.3% in the 3rd quarter. Spire Wealth Management now owns 340 shares of the construction company’s stock worth $42,000 after acquiring an additional 254 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Thor Industries by 100.0% in the 3rd quarter. First Horizon Advisors Inc. now owns 450 shares of the construction company’s stock valued at $55,000 after purchasing an additional 225 shares in the last quarter. Finally, Lazard Asset Management LLC grew its holdings in shares of Thor Industries by 62.0% during the 2nd quarter. Lazard Asset Management LLC now owns 486 shares of the construction company’s stock valued at $54,000 after purchasing an additional 186 shares during the last quarter. Institutional investors own 88.23% of the company’s stock.

In other news, Director Amelia Huntington purchased 500 shares of the company’s stock in a transaction that occurred on Monday, December 27th. The shares were bought at an average cost of $100.89 per share, for a total transaction of $50,445.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter Busch Orthwein purchased 10,000 shares of Thor Industries stock in a transaction that occurred on Friday, January 14th. The stock was purchased at an average cost of $98.54 per share, for a total transaction of $985,400.00. The disclosure for this purchase can be found here. Insiders acquired 22,500 shares of company stock valued at $2,279,425 over the last 90 days. 4.30% of the stock is currently owned by company insiders.

Several analysts have weighed in on THO shares. KeyCorp downgraded shares of Thor Industries from an “overweight” rating to a “sector weight” rating in a research note on Monday, October 25th. BMO Capital Markets increased their target price on Thor Industries from $166.00 to $175.00 and gave the company an “outperform” rating in a report on Thursday, December 9th. Truist Financial decreased their price target on Thor Industries from $142.00 to $125.00 and set a “buy” rating on the stock in a research note on Thursday, December 9th. Finally, Zacks Investment Research lowered Thor Industries from a “buy” rating to a “hold” rating and set a $107.00 price objective for the company. in a research note on Monday, December 13th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Thor Industries presently has a consensus rating of “Hold” and an average target price of $137.25.

THO opened at $97.01 on Wednesday. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.76 and a current ratio of 1.58. The stock has a market capitalization of $5.40 billion, a PE ratio of 6.87 and a beta of 2.02. The stock’s 50 day moving average price is $99.76 and its 200-day moving average price is $108.86. Thor Industries, Inc. has a 52-week low of $85.13 and a 52-week high of $152.20.

Thor Industries (NYSE:THO) last released its quarterly earnings results on Wednesday, December 8th. The construction company reported $4.34 earnings per share for the quarter, beating the consensus estimate of $3.10 by $1.24. Thor Industries had a net margin of 5.74% and a return on equity of 27.58%. The business had revenue of $3.96 billion for the quarter, compared to analysts’ expectations of $3.46 billion. During the same quarter in the previous year, the business posted $2.05 earnings per share. The firm’s revenue for the quarter was up 56.0% compared to the same quarter last year. Research analysts forecast that Thor Industries, Inc. will post 15.37 EPS for the current fiscal year.

Thor Industries announced that its Board of Directors has authorized a share buyback program on Tuesday, December 21st that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the construction company to buy up to 4.3% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s board believes its shares are undervalued.

The business also recently declared a quarterly dividend, which was paid on Thursday, January 13th. Investors of record on Thursday, December 30th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend was Wednesday, December 29th. Thor Industries’s payout ratio is currently 12.17%.

Thor Industries Profile

Thor Industries, Inc engages in the manufacture and sale of recreational vehicles. It operates through the following segments: North American Towable Recreational Vehicles, North American Motorized Recreational Vehicles, and European Recreational Vehicles. The North American Towable Recreational Vehicles segment includes operating entities such as Airstream, Heartland, Jayco, Keystone, and KZ.

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Institutional Ownership by Quarter for Thor Industries (NYSE:THO)

Source: https://etfdailynews.com/news/schroder-investment-management-group-buys-4899-shares-of-thor-industries-inc-nysetho/

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