Federated Hermes Inc. Buys 535 Shares of THOR Industries, Inc. (NYSE:THO)

Federated Hermes Inc. increased its stake in shares of THOR Industries, Inc. (NYSE:THO) by 2.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 19,316 shares of the construction company’s stock after acquiring an additional 535 shares during the quarter. Federated Hermes Inc.’s holdings in THOR Industries were worth $2,284,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Jump Financial LLC acquired a new position in THOR Industries during the 3rd quarter valued at about $489,000. Gotham Asset Management LLC lifted its position in THOR Industries by 97.4% during the 3rd quarter. Gotham Asset Management LLC now owns 60,403 shares of the construction company’s stock valued at $5,746,000 after purchasing an additional 29,796 shares during the period. Reinhart Partners LLC. lifted its position in THOR Industries by 4.9% during the 4th quarter. Reinhart Partners LLC. now owns 296,045 shares of the construction company’s stock valued at $35,007,000 after purchasing an additional 13,849 shares during the period. Algert Global LLC lifted its position in THOR Industries by 42.4% during the 3rd quarter. Algert Global LLC now owns 48,237 shares of the construction company’s stock valued at $4,589,000 after purchasing an additional 14,365 shares during the period. Finally, iA Global Asset Management Inc. acquired a new position in THOR Industries during the 3rd quarter valued at about $3,807,000. Institutional investors own 96.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on THO shares. Robert W. Baird upped their price target on THOR Industries from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Truist Financial upped their price target on THOR Industries from $96.00 to $105.00 and gave the company a “hold” rating in a research note on Tuesday, January 9th. TheStreet cut THOR Industries from a “b-” rating to a “c+” rating in a research note on Monday, March 18th. Finally, Citigroup raised THOR Industries from a “neutral” rating to a “buy” rating and increased their target price for the stock from $111.00 to $122.00 in a research note on Friday, March 15th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $104.00.

THOR Industries Trading Down 0.2 %

NYSE THO opened at $100.59 on Monday. The company has a market cap of $5.36 billion, a PE ratio of 19.96 and a beta of 1.78. 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 $75.30 and a 12 month high of $129.31. The stock has a 50 day moving average of $110.95 and a 200-day moving average of $108.09.

THOR Industries (NYSE:THO) last released its quarterly earnings data 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 net margin of 2.62% and a return on equity of 7.28%. The company had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same period in the previous year, the company posted $0.50 EPS. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. On average, equities research analysts anticipate that THOR Industries, Inc. will post 5.37 EPS for the current fiscal year.

THOR Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.91%. The ex-dividend date was Monday, April 8th. THOR Industries’s dividend payout ratio is 38.10%.

THOR Industries Company 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.