Wealth Enhancement Advisory Services LLC Has $492,000 Stock Position in THOR Industries, Inc. (NYSE:THO)

Wealth Enhancement Advisory Services LLC grew its holdings in THOR Industries, Inc. (NYSE:THO) by 34.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,141 shares of the construction company’s stock after acquiring an additional 1,328 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in THOR Industries were worth $492,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of THO. Stonebridge Financial Group LLC acquired a new position in THOR Industries during the fourth quarter valued at approximately $51,000. Consolidated Planning Corp increased its stake in shares of THOR Industries by 14.6% in the 4th quarter. Consolidated Planning Corp now owns 6,467 shares of the construction company’s stock valued at $619,000 after purchasing an additional 823 shares during the last quarter. Palouse Capital Management Inc. raised its holdings in shares of THOR Industries by 63.8% during the 4th quarter. Palouse Capital Management Inc. now owns 1,299 shares of the construction company’s stock worth $124,000 after buying an additional 506 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its position in shares of THOR Industries by 2.5% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 19,446 shares of the construction company’s stock worth $1,861,000 after buying an additional 475 shares during the last quarter. Finally, Sanctuary Advisors LLC lifted its position in shares of THOR Industries by 0.5% during the 4th quarter. Sanctuary Advisors LLC now owns 21,614 shares of the construction company’s stock worth $2,278,000 after buying an additional 113 shares during the last quarter. 96.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Roth Capital set a $77.00 price objective on THOR Industries and gave the company a “neutral” rating in a research note on Monday. Bank of America upgraded shares of THOR Industries from a “neutral” rating to a “buy” rating and upped their price target for the company from $110.00 to $125.00 in a research report on Monday, March 3rd. KeyCorp raised their price target on shares of THOR Industries from $60.00 to $65.00 and gave the company an “underweight” rating in a research note on Friday, May 30th. Truist Financial boosted their price objective on shares of THOR Industries from $72.00 to $78.00 and gave the stock a “hold” rating in a research note on Tuesday, June 3rd. Finally, Wall Street Zen raised THOR Industries from a “sell” rating to a “hold” rating in a research report on Friday, June 6th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $87.63.

THOR Industries Stock Up 0.2%

Shares of NYSE:THO opened at $87.99 on Friday. The firm has a market capitalization of $4.68 billion, a P/E ratio of 22.50, a P/E/G ratio of 1.16 and a beta of 1.21. 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 50 day moving average price of $77.07 and a 200-day moving average price of $89.24. THOR Industries, Inc. has a 52-week low of $63.16 and a 52-week high of $118.85.

THOR Industries (NYSE:THO) last posted its quarterly earnings results on Wednesday, June 4th. The construction company reported $2.53 earnings per share for the quarter, topping the consensus estimate of $1.79 by $0.74. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter in the prior year, the business posted $2.13 EPS. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. As a group, equities research analysts anticipate that THOR Industries, Inc. will post 4.64 EPS for the current fiscal year.

THOR Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend was Tuesday, April 8th. THOR Industries’s payout ratio is 47.96%.

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.