Envestnet Asset Management Inc. Buys 25,384 Shares of THOR Industries, Inc. (NYSE:THO)

Envestnet Asset Management Inc. grew its stake in THOR Industries, Inc. (NYSE:THOFree Report) by 4.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 617,750 shares of the construction company’s stock after acquiring an additional 25,384 shares during the period. Envestnet Asset Management Inc. owned 1.16% of THOR Industries worth $73,049,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in shares of THOR Industries by 4.1% in the third quarter. Vanguard Group Inc. now owns 5,270,059 shares of the construction company’s stock worth $501,341,000 after acquiring an additional 208,343 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its stake in shares of THOR Industries by 1.5% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,223,499 shares of the construction company’s stock worth $496,912,000 after buying an additional 79,595 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of THOR Industries by 3.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,634,436 shares of the construction company’s stock worth $311,527,000 after buying an additional 81,840 shares during the last quarter. ACR Alpine Capital Research LLC raised its stake in shares of THOR Industries by 1.6% during 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 buying an additional 22,542 shares during the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of THOR Industries by 56.7% during the fourth quarter. Pacer Advisors Inc. now owns 725,667 shares of the construction company’s stock worth $85,810,000 after buying an additional 262,478 shares during the last quarter. 96.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

THO has been the subject of a number of recent research reports. Truist Financial dropped their price target 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. Citigroup dropped their price target on shares of THOR Industries from $120.00 to $113.00 and set a “buy” rating for the company in a research note on Friday. TheStreet downgraded shares of THOR Industries from a “b-” rating to a “c+” rating in a research note on Monday, March 18th. Finally, Robert W. Baird dropped their price target on shares of THOR Industries from $120.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, THOR Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of $102.00.

View Our Latest Analysis on THOR Industries

THOR Industries Stock Down 0.3 %

Shares of NYSE:THO opened at $97.33 on Monday. THOR Industries, Inc. has a 52 week low of $84.54 and a 52 week high of $129.31. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.74 and a current ratio of 1.65. The company has a market capitalization of $5.19 billion, a PE ratio of 19.74 and a beta of 1.74. The company has a 50 day moving average price of $101.90 and a two-hundred day moving average price of $109.36.

THOR Industries (NYSE:THOGet Free Report) last issued its 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 the consensus estimate of $2.73 billion. THOR Industries had a net margin of 2.59% and a return on equity of 7.07%. The business’s quarterly revenue was down 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.24 earnings per share. Analysts forecast that THOR Industries, Inc. will post 4.79 earnings per share for the current year.

THOR Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.97%. The ex-dividend date 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.

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

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