Belpointe Asset Management LLC Boosts Position in THOR Industries, Inc. (NYSE:THO)

Belpointe Asset Management LLC grew its holdings in THOR Industries, Inc. (NYSE:THOFree Report) by 21.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,554 shares of the construction company’s stock after acquiring an additional 627 shares during the period. Belpointe Asset Management LLC’s holdings in THOR Industries were worth $420,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Parkside Financial Bank & Trust lifted its stake in shares of THOR Industries by 889.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 277 shares of the construction company’s stock valued at $26,000 after purchasing an additional 249 shares during the period. Parallel Advisors LLC boosted its position in THOR Industries by 70.8% during the fourth quarter. Parallel Advisors LLC now owns 292 shares of the construction company’s stock worth $35,000 after purchasing an additional 121 shares in the last quarter. GAMMA Investing LLC purchased a new position in THOR Industries during the fourth quarter worth approximately $47,000. Planned Solutions Inc. acquired a new stake in THOR Industries in the fourth quarter valued at approximately $62,000. Finally, Fifth Third Bancorp increased its position in shares of THOR Industries by 13.8% in the fourth quarter. Fifth Third Bancorp now owns 766 shares of the construction company’s stock valued at $91,000 after buying an additional 93 shares in the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Citigroup upgraded THOR Industries from a “neutral” rating to a “buy” rating and increased their target price for the company from $111.00 to $122.00 in a research report on Friday, March 15th. TheStreet cut shares of THOR Industries from a “b-” rating to a “c+” rating in a research report on Monday, March 18th. Robert W. Baird decreased their price objective on shares of THOR Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, Truist Financial cut their target price on shares of THOR Industries from $100.00 to $95.00 and set a “hold” rating for the company in a research note on Thursday. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $100.67.

Read Our Latest Stock Analysis on THOR Industries

THOR Industries Stock Up 0.9 %

THO stock opened at $97.52 on Friday. The company has a current ratio of 1.75, a quick ratio of 0.65 and a debt-to-equity ratio of 0.35. The firm has a 50-day moving average of $102.70 and a two-hundred day moving average of $109.41. THOR Industries, Inc. has a 12 month low of $84.54 and a 12 month high of $129.31. The company has a market cap of $5.20 billion, a price-to-earnings ratio of 19.78 and a beta of 1.74.

THOR Industries (NYSE:THOGet Free Report) last posted its quarterly earnings results on Wednesday, June 5th. The construction company reported $2.13 EPS for the quarter, beating the consensus estimate of $1.89 by $0.24. The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.73 billion. THOR Industries had a return on equity of 7.10% and a net margin of 2.59%. The business’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.24 earnings per share. As a group, analysts forecast that THOR Industries, Inc. will post 4.63 earnings per share for the current fiscal year.

THOR Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend was Monday, April 8th. THOR Industries’s dividend payout ratio (DPR) is presently 38.95%.

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.

Recommended Stories

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.