Ameriprise Financial Inc. Has $6.33 Million Stock Holdings in THOR Industries, Inc. (NYSE:THO)

Ameriprise Financial Inc. trimmed its holdings in THOR Industries, Inc. (NYSE:THO - Free Report) by 36.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 66,095 shares of the construction company's stock after selling 38,022 shares during the period. Ameriprise Financial Inc. owned about 0.12% of THOR Industries worth $6,326,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently 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% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 611,890 shares of the construction company's stock worth $58,564,000 after acquiring an additional 10,455 shares in the last quarter. Amundi boosted its stake in THOR Industries by 26.2% in the 4th quarter. Amundi now owns 4,354 shares of the construction company's stock worth $415,000 after purchasing an additional 905 shares during the period. Sterling Capital Management LLC increased its holdings in 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 in the last quarter. US Bancorp DE increased its holdings in THOR Industries by 9.6% during the 4th quarter. US Bancorp DE now owns 3,667 shares of the construction company's stock worth $351,000 after purchasing an additional 322 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of THOR Industries by 4.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 8,741 shares of the construction company's stock valued at $837,000 after purchasing an additional 370 shares during the period. 96.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

THO has been the topic of a number of recent research reports. BMO Capital Markets dropped their target price on THOR Industries from $120.00 to $105.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Baird R W downgraded shares of THOR Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Bank of America raised shares of THOR Industries from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $110.00 to $125.00 in a research report on Monday, March 3rd. Wall Street Zen raised shares of THOR Industries from a "sell" rating to a "hold" rating in a research report on Thursday, February 27th. Finally, Citigroup lowered shares of THOR Industries from a "buy" rating to a "neutral" rating and lowered their price target for the company from $94.00 to $86.00 in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $87.57.

THOR Industries Stock Performance

THO stock traded up $0.37 during trading hours on Thursday, reaching $81.65. The stock had a trading volume of 652,762 shares, compared to its average volume of 648,602. The stock has a 50-day simple moving average of $75.24 and a 200 day simple moving average of $90.96. THOR Industries, Inc. has a fifty-two week low of $63.16 and a fifty-two week high of $118.85. The stock has a market capitalization of $4.34 billion, a PE ratio of 20.88, a price-to-earnings-growth ratio of 1.16 and a beta of 1.26. 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 (NYSE:THO - Get Free Report) last issued its 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 firm had revenue of $2.02 billion during 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 posted $0.13 earnings per share. Analysts predict that THOR Industries, Inc. will post 4.64 EPS for the current fiscal year.

THOR Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend was Tuesday, April 8th. THOR Industries's payout ratio is presently 53.05%.

About THOR Industries

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.