Stifel Financial Corp Sells 5,072 Shares of THOR Industries, Inc. (NYSE:THO)

Stifel Financial Corp reduced its stake in shares of THOR Industries, Inc. (NYSE:THOFree Report) by 2.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 178,712 shares of the construction company’s stock after selling 5,072 shares during the period. Stifel Financial Corp owned approximately 0.34% of THOR Industries worth $21,133,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Parkside Financial Bank & Trust raised its stake in shares of THOR Industries by 889.3% during the third quarter. Parkside Financial Bank & Trust now owns 277 shares of the construction company’s stock valued at $26,000 after acquiring an additional 249 shares during the last quarter. Parallel Advisors LLC raised its stake in shares of THOR Industries by 70.8% during the fourth quarter. Parallel Advisors LLC now owns 292 shares of the construction company’s stock valued at $35,000 after acquiring an additional 121 shares during the last quarter. GAMMA Investing LLC bought a new position in shares of THOR Industries during the fourth quarter valued at about $47,000. Planned Solutions Inc. bought a new position in shares of THOR Industries during the fourth quarter valued at about $62,000. Finally, Fifth Third Bancorp raised its stake in shares of THOR Industries by 13.8% during the fourth quarter. Fifth Third Bancorp now owns 766 shares of the construction company’s stock valued at $91,000 after acquiring an additional 93 shares during the last quarter. 96.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on THO. Robert W. Baird boosted their price target on shares of THOR Industries from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. Truist Financial reduced their price target on shares of THOR Industries from $105.00 to $100.00 and set a “hold” rating on the stock in a research report on Friday, May 24th. Citigroup upgraded shares of THOR Industries from a “neutral” rating to a “buy” rating and boosted their price target for the company from $111.00 to $122.00 in a research report on Friday, March 15th. Finally, TheStreet cut shares of THOR Industries from a “b-” rating to a “c+” rating in a research report on Monday, March 18th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $103.17.

Get Our Latest Research Report on THO

THOR Industries Trading Up 2.0 %

Shares of NYSE THO opened at $99.24 on Monday. The firm’s 50 day moving average price is $103.59 and its 200-day moving average price is $109.56. The company has a market cap of $5.29 billion, a PE ratio of 19.69 and a beta of 1.74. THOR Industries, Inc. has a 52-week low of $75.93 and a 52-week high of $129.31. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.65 and a current ratio of 1.75.

THOR Industries (NYSE:THOGet Free Report) last issued 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). The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.27 billion. THOR Industries had a return on equity of 7.28% and a net margin of 2.62%. The company’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.50 EPS. On average, equities research analysts expect that THOR Industries, Inc. will post 5.31 EPS for the current fiscal year.

THOR Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were given a dividend of $0.48 per share. The ex-dividend date was Monday, April 8th. This represents a $1.92 dividend on an annualized basis and a yield of 1.93%. THOR Industries’s dividend payout ratio (DPR) is 38.10%.

About THOR Industries

(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.

See Also

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

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