Castlekeep Investment Advisors LLC acquired a new stake in THOR Industries, Inc. (NYSE:THO - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 4,594 shares of the construction company's stock, valued at approximately $440,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in THO. Charles Schwab Investment Management Inc. increased its position in THOR Industries by 1.7% in the 4th 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 increased its position in THOR Industries by 26.2% in the 4th quarter. Amundi now owns 4,354 shares of the construction company's stock valued at $415,000 after buying an additional 905 shares in the last quarter. Sterling Capital Management LLC increased its position in THOR Industries by 55.4% in the 4th quarter. Sterling Capital Management LLC now owns 3,014 shares of the construction company's stock valued at $288,000 after buying an additional 1,075 shares in the last quarter. US Bancorp DE increased its position 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. Finally, Envestnet Portfolio Solutions Inc. increased its position in 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 buying an additional 370 shares in the last quarter. 96.71% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms have issued reports on THO. KeyCorp cut their price target on THOR Industries from $65.00 to $60.00 and set an "underweight" rating for the company in a research note on Thursday, April 17th. Robert W. Baird downgraded THOR Industries from an "outperform" rating to a "neutral" rating and cut their price target for the company from $100.00 to $85.00 in a research note on Friday, April 4th. BMO Capital Markets cut their price target on THOR Industries from $120.00 to $105.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Citigroup downgraded THOR Industries from a "buy" rating to a "neutral" rating and cut their price target for the company from $94.00 to $86.00 in a research note on Wednesday, March 19th. Finally, Wall Street Zen upgraded THOR Industries from a "sell" rating to a "hold" rating in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $87.57.
Check Out Our Latest Research Report on THO
THOR Industries Stock Performance
Shares of NYSE THO traded up $0.37 during midday trading on Thursday, reaching $81.65. The company's stock had a trading volume of 652,762 shares, compared to its average volume of 648,157. THOR Industries, Inc. has a 12-month low of $63.16 and a 12-month high of $118.85. The firm has a 50 day moving average price of $75.23 and a 200-day moving average price of $91.19. The stock has a market capitalization of $4.34 billion, a P/E ratio of 20.88, a PEG 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 posted its quarterly earnings results on Wednesday, March 5th. The construction company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates 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 return on equity of 5.97% and a net margin of 2.17%. The company's revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period last year, the firm posted $0.13 EPS. As a group, equities analysts predict that THOR Industries, Inc. will post 4.64 earnings per share for the current year.
THOR Industries Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Investors 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 2.45%. THOR Industries's dividend payout ratio (DPR) is presently 53.05%.
THOR Industries Profile
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Free Report)
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.
Further Reading
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