Yousif Capital Management LLC Lowers Position in THOR Industries, Inc. (NYSE:THO)

Yousif Capital Management LLC lessened its holdings in THOR Industries, Inc. (NYSE:THO) by 1.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,159 shares of the construction company’s stock after selling 286 shares during the quarter. Yousif Capital Management LLC’s holdings in THOR Industries were worth $1,528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Atala Financial Inc bought a new stake in shares of THOR Industries in the 4th quarter worth approximately $27,000. First Horizon Advisors Inc. lifted its holdings in shares of THOR Industries by 57.3% during the fourth 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. UMB Bank n.a. lifted its holdings in shares of THOR Industries by 135.6% during the first quarter. UMB Bank n.a. now owns 483 shares of the construction company’s stock valued at $37,000 after purchasing an additional 278 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of THOR Industries by 369.7% during the fourth 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. Finally, Tortoise Investment Management LLC lifted its holdings in shares of THOR Industries by 78.3% during the fourth 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. Institutional investors own 96.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on THO. Truist Financial increased their target price on THOR Industries from $72.00 to $78.00 and gave the company a “hold” rating in a report on Tuesday, June 3rd. Roth Capital set a $77.00 price target on THOR Industries and gave the company a “neutral” rating in a research note on Monday, June 9th. KeyCorp increased their price target on THOR Industries from $60.00 to $65.00 and gave the company an “underweight” rating in a research note on Friday, May 30th. Robert W. Baird lowered THOR Industries from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $100.00 to $85.00 in a research note on Friday, April 4th. Finally, Bank of America raised 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 research note on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, THOR Industries currently has an average rating of “Hold” and a consensus target price of $87.63.

THOR Industries Trading Up 1.6%

Shares of NYSE:THO opened at $88.34 on Tuesday. THOR Industries, Inc. has a 12-month low of $63.16 and a 12-month high of $118.85. The business’s fifty day simple moving average is $78.00 and its 200-day simple moving average is $88.58. The company has a market capitalization of $4.70 billion, a PE ratio of 22.59, a P/E/G ratio of 1.16 and a beta of 1.21. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26.

THOR Industries (NYSE:THO) last issued its quarterly earnings results on Wednesday, June 4th. The construction company reported $2.53 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $2.60 billion. During the same quarter in the previous year, the firm posted $2.13 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. As a group, equities research analysts predict that THOR Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

THOR Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, April 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.26%. THOR Industries’s payout ratio is currently 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.