Sterling Capital Management LLC Raises Stake in THOR Industries, Inc. (NYSE:THO)

Sterling Capital Management LLC lifted its holdings in THOR Industries, Inc. (NYSE:THO) by 55.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,014 shares of the construction company’s stock after acquiring an additional 1,075 shares during the quarter. Sterling Capital Management LLC’s holdings in THOR Industries were worth $288,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Atala Financial Inc bought a new stake in THOR Industries in the fourth quarter worth $27,000. First Horizon Advisors Inc. increased its holdings in shares of THOR Industries by 57.3% in the fourth quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock worth $32,000 after buying an additional 121 shares during the period. Brown Brothers Harriman & Co. lifted its stake in shares of THOR Industries by 369.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 418 shares of the construction company’s stock valued at $40,000 after acquiring an additional 329 shares during the last quarter. Anchor Investment Management LLC purchased a new stake in THOR Industries during the 3rd quarter valued at about $58,000. Finally, Stonebridge Financial Group LLC bought a new position in THOR Industries during the 4th quarter worth approximately $51,000. Hedge funds and other institutional investors own 96.71% of the company’s stock.

THOR Industries Price Performance

Shares of NYSE THO opened at $69.06 on Monday. THOR Industries, Inc. has a 1 year low of $63.16 and a 1 year high of $118.85. The stock has a market capitalization of $3.67 billion, a P/E ratio of 17.66, a P/E/G ratio of 1.16 and a beta of 1.59. The company’s 50-day moving average is $83.38 and its 200 day moving average is $97.04. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78.

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

THOR Industries Announces Dividend

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

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Robert W. Baird lowered THOR Industries from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $100.00 to $85.00 in a research note on Friday, April 4th. BMO Capital Markets cut their price target on shares of THOR Industries from $120.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. StockNews.com raised shares of THOR Industries from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. Baird R W cut THOR Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Finally, DA Davidson upgraded THOR Industries to a “hold” rating in a report on Monday, April 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $87.57.

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.