Allspring Global Investments Holdings LLC Decreases Holdings in THOR Industries, Inc. (NYSE:THO)

Allspring Global Investments Holdings LLC reduced its stake in THOR Industries, Inc. (NYSE:THO) by 68.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 5,583 shares of the construction company’s stock after selling 12,227 shares during the period. Allspring Global Investments Holdings LLC’s holdings in THOR Industries were worth $660,000 as of its most recent filing with the SEC.

Several other institutional investors also recently added to or reduced their stakes in THO. International Assets Investment Management LLC boosted its stake in THOR Industries by 8,542.2% in the fourth quarter. International Assets Investment Management LLC now owns 43,989 shares of the construction company’s stock valued at $5,202,000 after acquiring an additional 43,480 shares during the last quarter. Callahan Advisors LLC lifted its stake in THOR Industries by 9.3% in the fourth quarter. Callahan Advisors LLC now owns 6,171 shares of the construction company’s stock valued at $730,000 after purchasing an additional 523 shares during the last quarter. Stratos Wealth Partners LTD. bought a new position in THOR Industries during the fourth quarter valued at $218,000. State of Michigan Retirement System increased its position in THOR Industries by 0.8% in the fourth quarter. State of Michigan Retirement System now owns 12,818 shares of the construction company’s stock worth $1,516,000 after buying an additional 100 shares during the last quarter. Finally, Fifth Third Bancorp raised its stake in shares of THOR Industries by 13.8% in the fourth quarter. Fifth Third Bancorp now owns 766 shares of the construction company’s stock valued at $91,000 after buying an additional 93 shares during the period. Institutional investors own 96.71% of the company’s stock.

Analysts Set New Price Targets

THO has been the subject of several recent research 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 report on Tuesday, January 9th. Robert W. Baird lifted their target price on shares of THOR Industries from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. Citigroup upgraded shares of THOR Industries from a “neutral” rating to a “buy” rating and upped their price target for the company from $111.00 to $122.00 in a research note on Friday, March 15th. Finally, TheStreet lowered shares of THOR Industries from a “b-” rating to a “c+” rating in a research note on Monday, March 18th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $104.00.

THOR Industries Trading Up 0.3 %

Shares of THOR Industries stock opened at $103.66 on Thursday. The company’s 50-day moving average price is $112.03 and its 200-day moving average price is $107.89. The company has a current ratio of 1.75, a quick ratio of 0.65 and a debt-to-equity ratio of 0.35. THOR Industries, Inc. has a 12-month low of $74.50 and a 12-month high of $129.31. The company has a market cap of $5.53 billion, a price-to-earnings ratio of 20.57 and a beta of 1.78.

THOR Industries (NYSE:THO) last posted 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 firm had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter in the prior year, the company earned $0.50 earnings per share. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year. On average, equities analysts expect that THOR Industries, Inc. will post 5.37 earnings per share for the current fiscal year.

THOR Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.85%. The ex-dividend date of this dividend was Monday, April 8th. THOR Industries’s dividend 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.