New York State Common Retirement Fund Reduces Holdings in THOR Industries, Inc. (NYSE:THO)

New York State Common Retirement Fund lessened its holdings in THOR Industries, Inc. (NYSE:THO) by 7.6% during the 4th quarter, Holdings Channel reports. The firm owned 40,915 shares of the construction company’s stock after selling 3,356 shares during the quarter. New York State Common Retirement Fund’s holdings in THOR Industries were worth $4,838,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of THO. Vanguard Group Inc. lifted its stake in THOR Industries by 4.1% in the 3rd quarter. Vanguard Group Inc. now owns 5,270,059 shares of the construction company’s stock valued at $501,341,000 after buying an additional 208,343 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in shares of THOR Industries by 1.5% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,223,499 shares of the construction company’s stock valued at $496,912,000 after acquiring an additional 79,595 shares in the last quarter. ACR Alpine Capital Research LLC boosted its stake in shares of THOR Industries by 0.3% during the third quarter. ACR Alpine Capital Research LLC now owns 1,450,310 shares of the construction company’s stock valued at $137,968,000 after acquiring an additional 3,923 shares during the last quarter. Pacer Advisors Inc. increased its position in THOR Industries by 56.7% during the 4th 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 in the last quarter. Finally, Palestra Capital Management LLC acquired a new position in THOR Industries in the 3rd quarter valued at about $68,187,000. 96.71% of the stock is currently owned by institutional investors and hedge funds.

THOR Industries Stock Performance

Shares of THO stock opened at $99.97 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.65 and a current ratio of 1.75. The firm has a market capitalization of $5.33 billion, a price-to-earnings ratio of 19.84 and a beta of 1.80. THOR Industries, Inc. has a one year low of $75.93 and a one year high of $129.31. The company has a 50 day moving average price of $108.80 and a 200 day moving average price of $108.24.

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 analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.27 billion. During the same quarter in the previous year, the company earned $0.50 earnings per share. The company’s quarterly revenue was down 5.9% on a year-over-year basis. Sell-side analysts anticipate that THOR Industries, Inc. will post 5.37 EPS for the current year.

THOR Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th were issued a $0.48 dividend. The ex-dividend date was Monday, April 8th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.92%. THOR Industries’s dividend payout ratio (DPR) is 38.10%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on THO shares. Citigroup raised shares of THOR Industries from a “neutral” rating to a “buy” rating and raised their price target for the stock from $111.00 to $122.00 in a research note on Friday, March 15th. Truist Financial raised their target price 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. TheStreet downgraded THOR Industries from a “b-” rating to a “c+” rating in a report on Monday, March 18th. Finally, Robert W. Baird raised their price objective on THOR Industries from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, THOR Industries currently has a consensus rating of “Moderate Buy” and a consensus price target of $104.00.

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.