1,841 Shares in THOR Industries, Inc. (NYSE:THO) Acquired by Stratos Wealth Partners LTD.

Stratos Wealth Partners LTD. purchased a new position in THOR Industries, Inc. (NYSE:THO) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 1,841 shares of the construction company’s stock, valued at approximately $218,000.

Other institutional investors have also added to or reduced their stakes in the company. Harbour Investments Inc. raised its position in THOR Industries by 290.9% in the third quarter. Harbour Investments Inc. now owns 258 shares of the construction company’s stock worth $25,000 after acquiring an additional 192 shares during the period. Parkside Financial Bank & Trust raised its position in THOR Industries by 889.3% in the third quarter. Parkside Financial Bank & Trust now owns 277 shares of the construction company’s stock worth $26,000 after acquiring an additional 249 shares during the period. Smithfield Trust Co raised its position in THOR Industries by 127.2% in the third quarter. Smithfield Trust Co now owns 284 shares of the construction company’s stock worth $27,000 after acquiring an additional 159 shares during the period. Benjamin Edwards Inc. raised its position in THOR Industries by 123.6% in the second quarter. Benjamin Edwards Inc. now owns 275 shares of the construction company’s stock worth $28,000 after acquiring an additional 152 shares during the period. Finally, Industrial Alliance Investment Management Inc. raised its position in THOR Industries by 343.9% in the fourth quarter. Industrial Alliance Investment Management Inc. now owns 617 shares of the construction company’s stock worth $47,000 after acquiring an additional 478 shares during the period. 96.71% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other THOR Industries news, COO W. Todd Woelfer sold 3,333 shares of the business’s stock in a transaction on Monday, January 22nd. The shares were 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.70% of the company’s stock.

THOR Industries Stock Down 2.8 %

Shares of THO stock opened at $99.84 on Wednesday. The stock has a market cap of $5.32 billion, a P/E ratio of 19.81 and a beta of 1.78. THOR Industries, Inc. has a 52 week low of $74.50 and a 52 week high of $129.31. The company has a quick ratio of 0.65, a current ratio of 1.75 and a debt-to-equity ratio of 0.35. The company’s fifty day simple moving average is $113.74 and its two-hundred day simple moving average is $107.63.

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

THOR Industries Announces Dividend

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

Analyst Ratings Changes

Several research analysts have weighed in on THO shares. Truist Financial increased their price target on shares of 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 shares of THOR Industries from a “neutral” rating to a “buy” rating and raised their price objective for the company from $111.00 to $122.00 in a research report on Friday, March 15th. TheStreet downgraded shares of THOR Industries from a “b-” rating to a “c+” rating in a research report on Monday, March 18th. Finally, Robert W. Baird raised their price objective on shares of THOR Industries from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $104.00.

About THOR Industries

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.