GAMMA Investing LLC Acquires 54,271 Shares of THOR Industries, Inc. (NYSE:THO)

GAMMA Investing LLC increased its holdings in THOR Industries, Inc. (NYSE:THO - Free Report) by 7,854.0% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 54,962 shares of the construction company's stock after purchasing an additional 54,271 shares during the period. GAMMA Investing LLC owned approximately 0.10% of THOR Industries worth $4,167,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Atala Financial Inc purchased a new stake in THOR Industries during the fourth quarter valued at about $27,000. First Horizon Advisors Inc. lifted its stake in shares of THOR Industries by 57.3% in the 4th quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company's stock valued at $32,000 after acquiring an additional 121 shares during the last quarter. Brown Brothers Harriman & Co. boosted its holdings in THOR Industries by 369.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 418 shares of the construction company's stock valued at $40,000 after acquiring an additional 329 shares during the period. Stonebridge Financial Group LLC purchased a new stake in THOR Industries during the 4th quarter valued at about $51,000. Finally, Tortoise Investment Management LLC grew its position in THOR Industries by 78.3% during the 4th quarter. Tortoise Investment Management LLC now owns 576 shares of the construction company's stock worth $55,000 after acquiring an additional 253 shares during the last quarter. Hedge funds and other institutional investors own 96.71% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Citigroup downgraded THOR Industries from a "buy" rating to a "neutral" rating and lowered their price objective for the company from $94.00 to $86.00 in a research report on Wednesday, March 19th. Baird R W cut THOR Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Robert W. Baird lowered shares of THOR Industries from an "outperform" rating to a "neutral" rating and decreased their price objective for the stock from $100.00 to $85.00 in a report on Friday, April 4th. Truist Financial lifted their price objective on THOR Industries from $72.00 to $78.00 and gave the company a "hold" rating in a research report on Tuesday, June 3rd. Finally, BMO Capital Markets lowered their price objective on THOR Industries from $120.00 to $105.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $87.63.

THOR Industries Stock Down 0.5%

THOR Industries stock traded down $0.41 during mid-day trading on Thursday, reaching $87.42. The stock had a trading volume of 94,020 shares, compared to its average volume of 661,958. THOR Industries, Inc. has a one year low of $63.16 and a one year high of $118.85. The company has a 50-day moving average price of $76.72 and a two-hundred day moving average price of $89.43. The company has a market capitalization of $4.65 billion, a price-to-earnings ratio of 22.36, a PEG ratio of 1.16 and a beta of 1.21. 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, June 4th. The construction company reported $2.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.79 by $0.74. The business had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $2.60 billion. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The business's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the company earned $2.13 earnings per share. On average, analysts expect 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. Shareholders of record on Tuesday, April 8th were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, April 8th. This represents a $2.00 annualized dividend and a yield of 2.29%. THOR Industries's dividend payout ratio is 47.96%.

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.