Invesco Ltd. Decreases Position in THOR Industries, Inc. (NYSE:THO)

Invesco Ltd. trimmed its holdings in shares of THOR Industries, Inc. (NYSE:THO) by 11.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 161,818 shares of the construction company’s stock after selling 20,169 shares during the period. Invesco Ltd. owned about 0.30% of THOR Industries worth $15,488,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of THO. Madison Investment Advisors LLC bought a new position in THOR Industries during the 4th quarter worth approximately $95,688,000. ACR Alpine Capital Research LLC grew its holdings in shares of THOR Industries by 40.6% in the fourth quarter. ACR Alpine Capital Research LLC now owns 2,142,966 shares of the construction company’s stock worth $205,103,000 after purchasing an additional 619,318 shares during the last quarter. Norges Bank purchased a new position in shares of THOR Industries in the fourth quarter worth $54,754,000. Raymond James Financial Inc. purchased a new position in shares of THOR Industries in the fourth quarter worth $52,497,000. Finally, JPMorgan Chase & Co. raised its holdings in THOR Industries by 37.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock valued at $165,078,000 after buying an additional 411,466 shares during the last quarter. 96.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have issued reports on THO shares. DA Davidson upgraded shares of THOR Industries to a “hold” rating in a research report on Monday, April 14th. Truist Financial lowered their price target on THOR Industries from $90.00 to $72.00 and set a “hold” rating for the company in a research report on Monday, April 14th. BMO Capital Markets dropped their price objective on THOR Industries from $120.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Bank of America upgraded THOR Industries from a “neutral” rating to a “buy” rating and upped their target price for the company from $110.00 to $125.00 in a report on Monday, March 3rd. Finally, StockNews.com raised THOR Industries from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $87.57.

THOR Industries Stock Up 1.5 %

THO opened at $69.06 on Monday. THOR Industries, Inc. has a fifty-two week low of $63.16 and a fifty-two week high of $118.85. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71. The stock has a market cap of $3.67 billion, a price-to-earnings ratio of 17.66, a price-to-earnings-growth ratio of 1.16 and a beta of 1.59. The firm’s fifty day moving average is $83.38 and its 200 day moving average is $97.04.

THOR Industries (NYSE:THO) last announced its quarterly earnings results on Wednesday, March 5th. The construction company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the company posted $0.13 earnings per share. THOR Industries’s quarterly revenue was down 8.6% on a year-over-year basis. On average, sell-side analysts forecast that THOR Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

THOR Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.90%. The ex-dividend date is Tuesday, April 8th. THOR Industries’s dividend payout ratio is presently 53.05%.

THOR Industries Profile

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.