Thrivent Financial for Lutherans Cuts Position in THOR Industries, Inc. (NYSE:THO)

Thrivent Financial for Lutherans lessened its stake in THOR Industries, Inc. (NYSE:THO – Get Rating) by 57.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,299 shares of the construction company’s stock after selling 19,088 shares during the quarter. Thrivent Financial for Lutherans’ holdings in THOR Industries were worth $1,079,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in THO. Ronald Blue Trust Inc. increased its holdings in shares of THOR Industries by 293.6% in the 4th quarter. Ronald Blue Trust Inc. now owns 433 shares of the construction company’s stock valued at $30,000 after purchasing an additional 323 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of THOR Industries by 30.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 640 shares of the construction company’s stock valued at $45,000 after purchasing an additional 150 shares in the last quarter. Covestor Ltd increased its holdings in shares of THOR Industries by 51.7% in the 1st quarter. Covestor Ltd now owns 725 shares of the construction company’s stock valued at $57,000 after purchasing an additional 247 shares in the last quarter. Eagle Bay Advisors LLC increased its holdings in shares of THOR Industries by 1,452.5% in the 3rd quarter. Eagle Bay Advisors LLC now owns 947 shares of the construction company’s stock valued at $67,000 after purchasing an additional 886 shares in the last quarter. Finally, Baystate Wealth Management LLC purchased a new position in shares of THOR Industries in the 4th quarter valued at about $83,000. Hedge funds and other institutional investors own 98.68% of the company’s stock.

THOR Industries Price Performance

THO opened at $80.99 on Tuesday. The company’s 50 day simple moving average is $78.98 and its 200 day simple moving average is $84.19. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.68 and a current ratio of 1.95. THOR Industries, Inc. has a 1 year low of $66.63 and a 1 year high of $105.36. The stock has a market capitalization of $4.33 billion, a PE ratio of 5.59 and a beta of 1.75.

THOR Industries (NYSE:THO – Get Rating) last released its earnings results on Tuesday, March 7th. The construction company reported $0.50 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.10 by ($0.60). THOR Industries had a return on equity of 21.88% and a net margin of 5.69%. The company had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.49 billion. During the same period in the prior year, the business posted $4.79 earnings per share. THOR Industries’s revenue was down 39.4% on a year-over-year basis. As a group, sell-side analysts expect that THOR Industries, Inc. will post 5.76 EPS for the current year.

THOR Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 26th. Investors of record on Wednesday, April 12th were given a $0.45 dividend. The ex-dividend date was Tuesday, April 11th. This represents a $1.80 annualized dividend and a dividend yield of 2.22%. THOR Industries’s dividend payout ratio is presently 12.41%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Citigroup raised their target price on shares of THOR Industries from $87.00 to $94.00 and gave the company a “neutral” rating in a report on Friday, February 24th. KeyCorp assumed coverage on shares of THOR Industries in a report on Wednesday, April 19th. They set a “sector weight” rating for the company. StockNews.com began coverage on shares of THOR Industries in a report on Thursday, May 18th. They set a “hold” rating for the company. Truist Financial raised their price target on shares of THOR Industries from $70.00 to $80.00 in a research note on Friday, February 17th. Finally, Roth Capital reaffirmed a “neutral” rating on shares of THOR Industries in a research note on Tuesday, March 7th. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $84.00.

THOR Industries Company Profile

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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.