Ameriprise Financial Inc. Decreases Position in THOR Industries, Inc. (NYSE:THO)

Ameriprise Financial Inc. cut its stake in THOR Industries, Inc. (NYSE:THO) by 36.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,095 shares of the construction company’s stock after selling 38,022 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.12% of THOR Industries worth $6,326,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Atala Financial Inc purchased a new position in THOR Industries in the 4th quarter valued at $27,000. First Horizon Advisors Inc. lifted its holdings in THOR Industries by 57.3% in the 4th quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock valued at $32,000 after purchasing an additional 121 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in 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 purchasing an additional 329 shares in the last quarter. Stonebridge Financial Group LLC purchased a new position in THOR Industries in the 4th quarter valued at $51,000. Finally, Tortoise Investment Management LLC lifted its holdings in THOR Industries by 78.3% in the 4th quarter. Tortoise Investment Management LLC now owns 576 shares of the construction company’s stock valued at $55,000 after purchasing an additional 253 shares in the last quarter. 96.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on THO. Bank of America upgraded THOR Industries from a “neutral” rating to a “buy” rating and raised their price objective for the company from $110.00 to $125.00 in a report on Monday, March 3rd. BMO Capital Markets decreased their target price on shares of THOR Industries from $120.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Wall Street Zen raised shares of THOR Industries from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. Robert W. Baird lowered shares of THOR Industries from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $100.00 to $85.00 in a research note on Friday, April 4th. Finally, Truist Financial reduced their price target on THOR Industries from $90.00 to $72.00 and set a “hold” rating on the stock in a report on Monday, April 14th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $87.57.

THOR Industries Stock Down 0.6%

THO stock opened at $79.70 on Friday. The firm has a market cap of $4.24 billion, a PE ratio of 20.38, a PEG ratio of 1.16 and a beta of 1.26. 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 firm’s 50 day moving average price is $75.18 and its 200-day moving average price is $91.78. THOR Industries, Inc. has a one year low of $63.16 and a one year high of $118.85.

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

THOR Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $2.00 annualized dividend and a yield of 2.51%. THOR Industries’s dividend payout ratio (DPR) is currently 53.05%.

THOR Industries Company 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.