Franklin Resources Inc. Decreases Stock Position in THOR Industries, Inc. (NYSE:THO)

Franklin Resources Inc. cut its stake in THOR Industries, Inc. (NYSE:THOFree Report) by 11.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 31,734 shares of the construction company’s stock after selling 4,155 shares during the period. Franklin Resources Inc. owned about 0.06% of THOR Industries worth $3,753,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Arizona State Retirement System boosted its holdings in THOR Industries by 1.0% in the 3rd quarter. Arizona State Retirement System now owns 14,419 shares of the construction company’s stock valued at $1,372,000 after purchasing an additional 138 shares in the last quarter. Jump Financial LLC purchased a new stake in THOR Industries in the 3rd quarter valued at approximately $489,000. Barclays PLC boosted its holdings in THOR Industries by 36.8% in the 3rd quarter. Barclays PLC now owns 87,000 shares of the construction company’s stock valued at $8,276,000 after purchasing an additional 23,396 shares in the last quarter. Boston Partners purchased a new stake in THOR Industries in the 3rd quarter valued at approximately $18,096,000. Finally, Amalgamated Bank boosted its holdings in THOR Industries by 13.5% in the 3rd quarter. Amalgamated Bank now owns 39,298 shares of the construction company’s stock valued at $3,738,000 after purchasing an additional 4,683 shares in the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

THOR Industries Trading Up 2.0 %

Shares of THOR Industries stock opened at $99.24 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.75 and a quick ratio of 0.65. THOR Industries, Inc. has a 1 year low of $75.93 and a 1 year high of $129.31. The company has a market capitalization of $5.29 billion, a P/E ratio of 19.69 and a beta of 1.80. The business has a 50 day moving average price of $103.59 and a 200 day moving average price of $109.50.

THOR Industries (NYSE:THOGet Free Report) last issued its quarterly earnings data 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 company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same quarter in the prior year, the firm earned $0.50 earnings per share. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. Sell-side analysts anticipate that THOR Industries, Inc. will post 5.31 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 $0.48 dividend. The ex-dividend date was Monday, April 8th. This represents a $1.92 annualized dividend and a yield of 1.93%. THOR Industries’s dividend payout ratio (DPR) is presently 38.10%.

Wall Street Analysts Forecast Growth

THO has been the topic of a number of analyst reports. TheStreet lowered THOR Industries from a “b-” rating to a “c+” rating in a report on Monday, March 18th. Robert W. Baird boosted their price target on THOR Industries from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. Truist Financial decreased their price target on THOR Industries from $105.00 to $100.00 and set a “hold” rating on the stock in a research note on Friday, May 24th. Finally, Citigroup raised THOR Industries from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $111.00 to $122.00 in a research note on Friday, March 15th. Three equities research 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, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $103.17.

Get Our Latest Stock Report on THO

THOR Industries Company Profile

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding THO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for THOR Industries, Inc. (NYSE:THOFree Report).

Institutional Ownership by Quarter for THOR Industries (NYSE:THO)

Receive News & Ratings for THOR Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for THOR Industries and related companies with MarketBeat.com's FREE daily email newsletter.