Cresset Asset Management LLC Has $1.34 Million Stock Holdings in THOR Industries, Inc. (NYSE:THO)

Cresset Asset Management LLC lowered its position in shares of THOR Industries, Inc. (NYSE:THO - Free Report) by 30.2% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 14,023 shares of the construction company's stock after selling 6,076 shares during the quarter. Cresset Asset Management LLC's holdings in THOR Industries were worth $1,342,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its position in shares of THOR Industries by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 611,890 shares of the construction company's stock valued at $58,564,000 after buying an additional 10,455 shares in the last quarter. Amundi grew its position in shares of THOR Industries by 26.2% in the fourth quarter. Amundi now owns 4,354 shares of the construction company's stock valued at $415,000 after purchasing an additional 905 shares during the period. Salvus Wealth Management LLC increased its stake in shares of THOR Industries by 19.4% during the fourth quarter. Salvus Wealth Management LLC now owns 42,168 shares of the construction company's stock worth $4,036,000 after purchasing an additional 6,838 shares in the last quarter. Sterling Capital Management LLC raised its position in shares of THOR Industries by 55.4% during the 4th quarter. Sterling Capital Management LLC now owns 3,014 shares of the construction company's stock worth $288,000 after purchasing an additional 1,075 shares during the last quarter. Finally, US Bancorp DE lifted its stake in THOR Industries by 9.6% in the 4th quarter. US Bancorp DE now owns 3,667 shares of the construction company's stock valued at $351,000 after buying an additional 322 shares in the last quarter. Hedge funds and other institutional investors own 96.71% of the company's stock.

Analyst Ratings Changes

THO has been the topic of a number of research reports. Robert W. Baird lowered THOR Industries from an "outperform" rating to a "neutral" rating and decreased their price objective for the company from $100.00 to $85.00 in a report on Friday, April 4th. Truist Financial cut their target price on THOR Industries from $90.00 to $72.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Bank of America upgraded shares of THOR Industries from a "neutral" rating to a "buy" rating and lifted their price target for the company from $110.00 to $125.00 in a research report on Monday, March 3rd. KeyCorp dropped their target price on shares of THOR Industries from $65.00 to $60.00 and set an "underweight" rating for the company in a report on Thursday, April 17th. Finally, Citigroup cut THOR Industries from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $94.00 to $86.00 in a research note on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $87.57.

THOR Industries Price Performance

THOR Industries stock traded down $0.14 during midday trading on Thursday, hitting $81.37. The company's stock had a trading volume of 442,953 shares, compared to its average volume of 636,285. The stock's 50-day moving average price is $74.99 and its 200-day moving average price is $92.98. The company has a market capitalization of $4.33 billion, a PE ratio of 20.81, a price-to-earnings-growth ratio of 1.16 and a beta of 1.26. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. THOR Industries, Inc. has a 12 month low of $63.16 and a 12 month high of $118.85.

THOR Industries (NYSE:THO - Get Free Report) last posted its quarterly earnings results 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 the consensus estimate of $1.98 billion. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. THOR Industries's quarterly revenue was down 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.13 EPS. Analysts anticipate that THOR Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

THOR Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.46%. THOR Industries's dividend 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.