Assenagon Asset Management S.A. Trims Stake in THOR Industries, Inc. (NYSE:THO)

Assenagon Asset Management S.A. reduced its position in THOR Industries, Inc. (NYSE:THOFree Report) by 3.6% in the 4th quarter, Holdings Channel reports. The firm owned 17,659 shares of the construction company’s stock after selling 657 shares during the period. Assenagon Asset Management S.A.’s holdings in THOR Industries were worth $2,088,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in THO. Harbour Investments Inc. lifted its holdings in shares of THOR Industries by 290.9% in the 3rd quarter. Harbour Investments Inc. now owns 258 shares of the construction company’s stock valued at $25,000 after purchasing an additional 192 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of THOR Industries by 889.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 277 shares of the construction company’s stock valued at $26,000 after purchasing an additional 249 shares during the last quarter. Smithfield Trust Co lifted its holdings in shares of THOR Industries by 127.2% in the 3rd quarter. Smithfield Trust Co now owns 284 shares of the construction company’s stock valued at $27,000 after purchasing an additional 159 shares during the last quarter. Benjamin Edwards Inc. lifted its holdings in shares of THOR Industries by 123.6% in the 2nd quarter. Benjamin Edwards Inc. now owns 275 shares of the construction company’s stock valued at $28,000 after purchasing an additional 152 shares during the last quarter. Finally, Industrial Alliance Investment Management Inc. lifted its holdings in shares of THOR Industries by 343.9% in the 4th quarter. Industrial Alliance Investment Management Inc. now owns 617 shares of the construction company’s stock valued at $47,000 after purchasing an additional 478 shares during the last quarter. 96.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on THO shares. Robert W. Baird boosted their price target on THOR Industries from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. BMO Capital Markets boosted their price target on THOR Industries from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, December 7th. Truist Financial boosted their price target on THOR Industries from $96.00 to $105.00 and gave the company a “hold” rating in a research report on Tuesday, January 9th. TheStreet cut THOR Industries from a “b-” rating to a “c+” rating in a research report on Monday, March 18th. Finally, Citigroup upgraded THOR Industries from a “neutral” rating to a “buy” rating and boosted their price target for the company from $111.00 to $122.00 in a research report on Friday, March 15th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, THOR Industries currently has a consensus rating of “Hold” and an average price target of $104.00.

Check Out Our Latest Report on THOR Industries

THOR Industries Stock Performance

NYSE THO opened at $112.51 on Thursday. The company has a current ratio of 1.75, a quick ratio of 0.65 and a debt-to-equity ratio of 0.35. The business’s 50 day moving average is $115.06 and its two-hundred day moving average is $106.76. THOR Industries, Inc. has a 12-month low of $74.50 and a 12-month high of $129.31. The stock has a market capitalization of $6.00 billion, a price-to-earnings ratio of 22.32 and a beta of 1.78.

THOR Industries (NYSE:THOGet Free Report) last released its earnings results on Wednesday, March 6th. The construction company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.54). THOR Industries had a return on equity of 7.28% and a net margin of 2.62%. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same quarter in the previous year, the firm posted $0.50 EPS. The business’s revenue for the quarter was down 5.9% on a year-over-year basis. Research analysts expect that THOR Industries, Inc. will post 5.37 EPS for the current year.

THOR Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.71%. The ex-dividend date is Monday, April 8th. THOR Industries’s payout ratio is 38.10%.

Insider Buying and Selling

In related news, COO W. Todd Woelfer sold 3,333 shares of the company’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $115.00, for a total value of $383,295.00. Following the sale, the chief operating officer now owns 98,347 shares in the company, valued at approximately $11,309,905. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 4.70% of the company’s stock.

About THOR Industries

(Free Report)

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.

Further Reading

Want to see what other hedge funds are holding THO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for THOR Industries, Inc. (NYSE:THOFree Report).

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

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