California Public Employees Retirement System Sells 3,945 Shares of THOR Industries, Inc. (NYSE:THO)

California Public Employees Retirement System reduced its position in shares of THOR Industries, Inc. (NYSE:THO - Free Report) by 4.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 92,409 shares of the construction company's stock after selling 3,945 shares during the quarter. California Public Employees Retirement System owned 0.17% of THOR Industries worth $8,844,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of THO. ACR Alpine Capital Research LLC raised its position in THOR Industries by 40.6% during the fourth quarter. ACR Alpine Capital Research LLC now owns 2,142,966 shares of the construction company's stock valued at $205,103,000 after buying an additional 619,318 shares during the period. State Street Corp grew its stake in THOR Industries by 2.1% during the 3rd quarter. State Street Corp now owns 1,624,002 shares of the construction company's stock valued at $178,462,000 after acquiring an additional 33,619 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of THOR Industries by 37.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company's stock valued at $165,078,000 after purchasing an additional 411,466 shares during the period. Madison Investment Advisors LLC purchased a new stake in shares of THOR Industries in the fourth quarter worth approximately $95,688,000. Finally, American Century Companies Inc. boosted its holdings in shares of THOR Industries by 8.7% during the fourth quarter. American Century Companies Inc. now owns 939,146 shares of the construction company's stock worth $89,886,000 after purchasing an additional 75,304 shares during the period. Hedge funds and other institutional investors own 96.71% of the company's stock.

THOR Industries Stock Performance

Shares of THO stock traded up $0.09 during trading on Friday, reaching $68.76. The company had a trading volume of 1,008,835 shares, compared to its average volume of 615,971. The firm's 50 day simple moving average is $86.61 and its two-hundred day simple moving average is $98.52. THOR Industries, Inc. has a one year low of $63.16 and a one year high of $118.85. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78. The company has a market capitalization of $3.66 billion, a PE ratio of 17.58, a PEG ratio of 1.16 and a beta of 1.59.

THOR Industries (NYSE:THO - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The construction company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.08). The company had revenue of $2.02 billion for the quarter, compared to analyst estimates 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 business earned $0.13 EPS. Sell-side analysts forecast that THOR Industries, Inc. will post 4.64 earnings per share for the current year.

THOR Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date is Tuesday, April 8th. THOR Industries's dividend payout ratio (DPR) is 53.05%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on THO. DA Davidson decreased their target price on shares of THOR Industries from $95.00 to $80.00 and set a "neutral" rating for the company in a research note on Friday, March 7th. Robert W. Baird downgraded THOR Industries from an "outperform" rating to a "neutral" rating and lowered their target price for the company from $100.00 to $85.00 in a research note on Friday, April 4th. StockNews.com raised THOR Industries from a "sell" rating to a "hold" rating in a research note on Thursday, February 27th. Truist Financial lowered their price target on THOR Industries from $110.00 to $90.00 and set a "hold" rating for the company in a research note on Thursday, March 6th. Finally, BMO Capital Markets cut their price objective on shares of THOR Industries from $120.00 to $105.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. One research 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 MarketBeat, the company currently has an average rating of "Hold" and an average price target of $90.86.

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.