THOR Industries, Inc. (NYSE:THO) Shares Sold by Simplicity Solutions LLC

Simplicity Solutions LLC decreased its position in shares of THOR Industries, Inc. (NYSE:THO) by 25.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 6,181 shares of the construction company’s stock after selling 2,079 shares during the quarter. Simplicity Solutions LLC’s holdings in THOR Industries were worth $731,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of THO. JPMorgan Chase & Co. boosted its holdings in shares of THOR Industries by 371.7% during the third quarter. JPMorgan Chase & Co. now owns 950,135 shares of the construction company’s stock valued at $90,386,000 after acquiring an additional 748,713 shares during the period. Palestra Capital Management LLC acquired a new stake in THOR Industries in the third quarter worth about $68,187,000. Royal London Asset Management Ltd. acquired a new stake in THOR Industries in the first quarter worth about $46,644,000. Norges Bank acquired a new stake in THOR Industries in the fourth quarter worth about $34,637,000. Finally, Pacer Advisors Inc. lifted its holdings in THOR Industries by 56.7% in the fourth quarter. Pacer Advisors Inc. now owns 725,667 shares of the construction company’s stock worth $85,810,000 after purchasing an additional 262,478 shares during the period. Institutional investors and hedge funds own 96.71% of the company’s stock.

THOR Industries Price Performance

Shares of THOR Industries stock opened at $98.52 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 company’s 50-day moving average price is $113.41 and its two-hundred day moving average price is $107.56. THOR Industries, Inc. has a 52 week low of $74.50 and a 52 week high of $129.31. The stock has a market cap of $5.25 billion, a PE ratio of 19.55 and a beta of 1.78.

THOR Industries (NYSE:THO) last issued 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). 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 during the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter last year, the firm posted $0.50 earnings per share. THOR Industries’s revenue was down 5.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that THOR Industries, Inc. will post 5.37 EPS 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 issued a dividend of $0.48 per share. The ex-dividend date is Monday, April 8th. This represents a $1.92 annualized dividend and a yield of 1.95%. THOR Industries’s payout ratio is presently 38.10%.

Analyst Ratings Changes

Several research firms recently weighed in on THO. TheStreet downgraded shares of THOR Industries from a “b-” rating to a “c+” rating in a report on Monday, March 18th. Robert W. Baird upped their price objective on shares of THOR Industries from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Citigroup raised shares of THOR Industries from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $111.00 to $122.00 in a report on Friday, March 15th. Finally, Truist Financial upped their price objective on shares of THOR Industries from $96.00 to $105.00 and gave the stock a “hold” rating in a report on Tuesday, January 9th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $104.00.

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 dated Monday, January 22nd. The stock was sold at an average price of $115.00, for a total transaction 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 filing with the SEC, which is available through this link. Corporate insiders own 4.70% of the company’s stock.

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.