Aquatic Capital Management LLC Makes New $1.25 Million Investment in THOR Industries, Inc. (NYSE:THO)

Aquatic Capital Management LLC bought a new stake in shares of THOR Industries, Inc. (NYSE:THO - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 13,003 shares of the construction company's stock, valued at approximately $1,245,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. 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 acquiring an additional 619,318 shares during the period. Timucuan Asset Management Inc. FL increased its stake in THOR Industries by 16.2% in the 4th quarter. Timucuan Asset Management Inc. FL now owns 2,038,765 shares of the construction company's stock worth $195,130,000 after buying an additional 283,744 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of THOR Industries by 37.7% in the third quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company's stock valued at $165,078,000 after acquiring an additional 411,466 shares in the last quarter. Madison Investment Advisors LLC purchased a new position in shares of THOR Industries in the fourth quarter valued at about $95,688,000. Finally, American Century Companies Inc. boosted its stake in shares of THOR Industries by 8.7% in the fourth quarter. American Century Companies Inc. now owns 939,146 shares of the construction company's stock worth $89,886,000 after acquiring an additional 75,304 shares during the period. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

THO has been the topic of a number of research analyst reports. BMO Capital Markets lowered their price target on THOR Industries from $120.00 to $105.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Robert W. Baird lowered shares of THOR Industries from an "outperform" rating to a "neutral" rating and dropped their target price for the stock from $100.00 to $85.00 in a research report on Friday, April 4th. Citigroup downgraded shares of THOR Industries from a "buy" rating to a "neutral" rating and reduced their price target for the company from $94.00 to $86.00 in a report on Wednesday, March 19th. KeyCorp decreased their price target on shares of THOR Industries from $65.00 to $60.00 and set an "underweight" rating on the stock in a research note on Thursday, April 17th. Finally, Truist Financial cut their price objective 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, THOR Industries currently has a consensus rating of "Hold" and a consensus target price of $87.57.

THOR Industries Price Performance

Shares of THOR Industries stock traded down $0.19 during trading hours on Monday, reaching $74.87. The company's stock had a trading volume of 106,744 shares, compared to its average volume of 821,587. 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, Inc. has a one year low of $63.15 and a one year high of $118.85. The firm has a 50 day moving average price of $77.54 and a 200-day moving average price of $94.47. The stock has a market cap of $3.98 billion, a P/E ratio of 19.14, a P/E/G ratio of 1.16 and a beta of 1.59.

THOR Industries (NYSE:THO - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The construction company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.08). The company had revenue of $2.02 billion for 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 company's revenue for the quarter was down 8.6% on a year-over-year basis. During the same quarter last year, the company earned $0.13 earnings per share. On average, analysts predict that THOR Industries, Inc. will post 4.64 EPS for the current year.

THOR Industries Dividend Announcement

The company 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. This represents a $2.00 annualized dividend and a yield of 2.67%. The ex-dividend date was Tuesday, April 8th. THOR Industries's payout ratio is 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.