THOR Industries, Inc. (NYSE:THO) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System trimmed its position in shares of THOR Industries, Inc. (NYSE:THO) by 1.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,100 shares of the construction company’s stock after selling 200 shares during the quarter. Louisiana State Employees Retirement System’s holdings in THOR Industries were worth $1,411,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. &PARTNERS purchased a new position in shares of THOR Industries during the 2nd quarter worth approximately $623,000. Tevis Investment Management raised its position in THOR Industries by 93.1% in the second quarter. Tevis Investment Management now owns 6,467 shares of the construction company’s stock worth $604,000 after acquiring an additional 3,118 shares in the last quarter. Lecap Asset Management Ltd. acquired a new stake in THOR Industries in the second quarter valued at $828,000. Neo Ivy Capital Management acquired a new position in shares of THOR Industries during the 2nd quarter worth $1,091,000. Finally, Shayne & Jacobs LLC increased its holdings in shares of THOR Industries by 2.5% in the 2nd quarter. Shayne & Jacobs LLC now owns 21,721 shares of the construction company’s stock valued at $2,030,000 after purchasing an additional 520 shares in the last quarter. 96.71% of the stock is currently owned by institutional investors and hedge funds.

THOR Industries Stock Performance

Shares of THO stock opened at $107.58 on Monday. The company has a current ratio of 1.65, a quick ratio of 0.74 and a debt-to-equity ratio of 0.30. The company has a market cap of $5.72 billion, a PE ratio of 21.82 and a beta of 1.71. The company’s fifty day simple moving average is $97.78 and its 200-day simple moving average is $103.70. THOR Industries, Inc. has a 52 week low of $84.54 and a 52 week high of $129.31.

THOR Industries (NYSE:THO) last released its quarterly earnings data on Wednesday, June 5th. The construction company reported $2.13 EPS for the quarter, beating the consensus estimate of $1.89 by $0.24. THOR Industries had a return on equity of 7.07% and a net margin of 2.59%. The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.73 billion. During the same period last year, the company posted $2.24 earnings per share. The firm’s revenue was down 4.4% compared to the same quarter last year. As a group, equities research analysts anticipate that THOR Industries, Inc. will post 4.79 EPS for the current year.

THOR Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Wednesday, July 3rd were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date of this dividend was Wednesday, July 3rd. THOR Industries’s payout ratio is 38.95%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Citigroup decreased their price target on THOR Industries from $120.00 to $113.00 and set a “buy” rating on the stock in a research note on Friday, June 7th. Truist Financial dropped their price target on THOR Industries from $100.00 to $95.00 and set a “hold” rating for the company in a research report on Thursday, June 6th. Robert W. Baird lowered their price objective on shares of THOR Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, June 6th. Finally, Benchmark initiated coverage on shares of THOR Industries in a research report on Thursday, July 18th. They set a “hold” rating for the company. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $102.00.

About THOR Industries

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.