International Assets Investment Management LLC Increases Stake in THOR Industries, Inc. (NYSE:THO)

International Assets Investment Management LLC boosted its stake in THOR Industries, Inc. (NYSE:THO) by 8,542.2% during the fourth quarter, Holdings Channel.com reports. The firm owned 43,989 shares of the construction company’s stock after buying an additional 43,480 shares during the period. International Assets Investment Management LLC’s holdings in THOR Industries were worth $5,202,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of THO. JPMorgan Chase & Co. increased its stake in THOR Industries by 371.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 950,135 shares of the construction company’s stock worth $90,386,000 after purchasing an additional 748,713 shares during the period. Palestra Capital Management LLC bought a new stake in shares of THOR Industries in the 3rd quarter worth approximately $68,187,000. Royal London Asset Management Ltd. bought a new stake in shares of THOR Industries in the 1st quarter worth approximately $46,644,000. Norges Bank bought a new stake in shares of THOR Industries in the 4th quarter worth approximately $34,637,000. Finally, Pacer Advisors Inc. grew its position in shares of THOR Industries by 56.7% in the 4th quarter. Pacer Advisors Inc. now owns 725,667 shares of the construction company’s stock worth $85,810,000 after buying an additional 262,478 shares during the last quarter. 96.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

THO has been the topic of a number of recent analyst reports. Truist Financial lifted their price objective on THOR Industries from $96.00 to $105.00 and gave the stock a “hold” rating in a research report on Tuesday, January 9th. Citigroup upgraded THOR Industries from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $111.00 to $122.00 in a research report on Friday, March 15th. Robert W. Baird lifted their price objective on THOR Industries from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Finally, TheStreet lowered THOR Industries from a “b-” rating to a “c+” rating in a research report on Monday, March 18th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $104.00.

Insider Buying and Selling at THOR Industries

In other THOR Industries news, COO W. Todd Woelfer sold 3,333 shares of THOR Industries stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $115.00, for a total transaction of $383,295.00. Following the completion of the transaction, the chief operating officer now owns 98,347 shares in the company, valued at $11,309,905. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 4.70% of the stock is owned by company insiders.

THOR Industries Trading Down 0.5 %

NYSE THO opened at $102.66 on Tuesday. The company has a quick ratio of 0.65, a current ratio of 1.75 and a debt-to-equity ratio of 0.35. THOR Industries, Inc. has a twelve month low of $74.50 and a twelve month high of $129.31. The firm has a market capitalization of $5.47 billion, a PE ratio of 20.37 and a beta of 1.78. The stock’s 50 day moving average is $114.04 and its 200 day moving average is $107.59.

THOR Industries (NYSE:THO) last released its quarterly earnings results on Wednesday, March 6th. The construction company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.54). THOR Industries had a net margin of 2.62% and a return on equity of 7.28%. The firm had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the prior year, the firm earned $0.50 earnings per share. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. Research analysts forecast that THOR Industries, Inc. will post 5.37 earnings per share for the current fiscal year.

THOR Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.87%. The ex-dividend date is Monday, April 8th. THOR Industries’s payout ratio is 38.10%.

THOR Industries Profile

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.