Advisory Services Network LLC Trims Stock Holdings in THOR Industries, Inc. (NYSE:THO)

Advisory Services Network LLC trimmed its position in THOR Industries, Inc. (NYSE:THOFree Report) by 48.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,676 shares of the construction company’s stock after selling 1,556 shares during the period. Advisory Services Network LLC’s holdings in THOR Industries were worth $198,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Choreo LLC grew its stake in THOR Industries by 23.3% in the fourth quarter. Choreo LLC now owns 282,102 shares of the construction company’s stock worth $33,494,000 after purchasing an additional 53,263 shares during the period. ACR Alpine Capital Research LLC grew its stake in shares of THOR Industries by 1.6% in the fourth quarter. ACR Alpine Capital Research LLC now owns 1,472,852 shares of the construction company’s stock worth $174,165,000 after acquiring an additional 22,542 shares during the last quarter. Jump Financial LLC purchased a new stake in shares of THOR Industries in the third quarter worth $489,000. Gotham Asset Management LLC grew its stake in shares of THOR Industries by 97.4% in the third quarter. Gotham Asset Management LLC now owns 60,403 shares of the construction company’s stock worth $5,746,000 after acquiring an additional 29,796 shares during the last quarter. Finally, Reinhart Partners LLC. grew its stake in shares of THOR Industries by 4.9% in the fourth quarter. Reinhart Partners LLC. now owns 296,045 shares of the construction company’s stock worth $35,007,000 after acquiring an additional 13,849 shares during the last quarter. 96.71% of the stock is owned by hedge funds and other institutional investors.

THOR Industries Trading Up 0.7 %

THOR Industries stock opened at $96.64 on Thursday. 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 one year low of $84.54 and a one year high of $129.31. The stock has a market capitalization of $5.15 billion, a PE ratio of 19.17 and a beta of 1.74. The business’s fifty day moving average is $103.06 and its 200 day moving average is $109.50.

THOR Industries (NYSE:THOGet Free Report) last posted its earnings results on Wednesday, March 6th. The construction company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.54). THOR Industries had a net margin of 2.62% and a return on equity of 7.28%. The firm had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the prior year, the company posted $0.50 EPS. The firm’s revenue was down 5.9% compared to the same quarter last year. On average, sell-side analysts predict that THOR Industries, Inc. will post 5.31 EPS for the current year.

THOR Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date of this dividend was Monday, April 8th. THOR Industries’s dividend payout ratio is 38.10%.

Analysts Set New Price Targets

THO has been the topic of a number of recent research reports. TheStreet cut THOR Industries from a “b-” rating to a “c+” rating in a research note on Monday, March 18th. Robert W. Baird increased their price objective on 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 dropped their price objective on THOR Industries from $105.00 to $100.00 and set a “hold” rating on the stock in a research report on Friday, May 24th. Finally, Citigroup raised THOR Industries from a “neutral” rating to a “buy” rating and increased their price objective for the company from $111.00 to $122.00 in a research report on Friday, March 15th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $103.17.

View Our Latest Stock Report on THO

THOR Industries 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.

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

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