Natixis Advisors LLC Has $74.26 Million Stake in Thor Industries, Inc. $THO

Natixis Advisors LLC increased its stake in shares of Thor Industries, Inc. (NYSE:THO) by 5.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 723,249 shares of the RV manufacturer’s stock after purchasing an additional 36,971 shares during the period. Natixis Advisors LLC’s holdings in Thor Industries were worth $74,256,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in THO. Foster Dykema Cabot & Partners LLC acquired a new position in shares of Thor Industries during the 3rd quarter valued at about $27,000. V Square Quantitative Management LLC acquired a new position in shares of Thor Industries during the 4th quarter valued at about $29,000. Danske Bank A S acquired a new position in shares of Thor Industries during the 3rd quarter valued at about $41,000. eCIO Inc. acquired a new position in shares of Thor Industries during the 4th quarter valued at about $49,000. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new position in shares of Thor Industries during the 4th quarter valued at about $51,000. Institutional investors and hedge funds own 96.71% of the company’s stock.

Insider Buying and Selling at Thor Industries

In other news, Director Peter Busch Orthwein acquired 2,600 shares of the firm’s stock in a transaction dated Friday, March 6th. The shares were bought 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 of the company’s stock, valued at $12,266,750. This trade represents a 1.91% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 4.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on THO. Wall Street Zen lowered Thor Industries from a “buy” rating to a “hold” rating in a report on Saturday, March 7th. DA Davidson lowered their target price on Thor Industries from $102.00 to $100.00 and set a “neutral” rating on the stock in a report on Wednesday, March 4th. BMO Capital Markets lowered their target price on Thor Industries from $125.00 to $120.00 and set an “outperform” rating on the stock in a report on Friday, April 17th. BNP Paribas Exane began coverage on Thor Industries in a report on Monday, April 20th. They issued a “neutral” rating on the stock. Finally, Truist Financial lowered their target price on Thor Industries from $112.00 to $109.00 and set a “hold” rating on the stock in a report on Wednesday, March 11th. Three research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $108.11.

Thor Industries Stock Performance

NYSE:THO opened at $77.89 on Wednesday. The firm’s 50-day moving average is $77.89 and its 200-day moving average is $95.25. Thor Industries, Inc. has a 52-week low of $70.56 and a 52-week high of $122.83. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.73 and a current ratio of 1.76. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 1.55 and a beta of 1.32.

Thor Industries (NYSE:THO) last announced its quarterly earnings data 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 quarter last year, the firm earned ($0.01) EPS. Thor Industries’s revenue for the quarter was up 5.3% compared to the same quarter last year. Equities research analysts anticipate that Thor Industries, Inc. will post 3.75 earnings per share for the current year.

Thor Industries Dividend Announcement

The company 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. This represents a $2.08 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, April 6th. Thor Industries’s dividend payout ratio (DPR) is presently 64.60%.

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.