Harbor Capital Advisors Inc. Raises Stock Position in THOR Industries, Inc. (NYSE:THO)

Harbor Capital Advisors Inc. grew its holdings in shares of THOR Industries, Inc. (NYSE:THO - Free Report) by 26.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 36,235 shares of the construction company's stock after purchasing an additional 7,546 shares during the quarter. Harbor Capital Advisors Inc. owned approximately 0.07% of THOR Industries worth $2,747,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Stonebridge Financial Group LLC acquired a new position in shares of THOR Industries during the 4th quarter valued at about $51,000. Consolidated Planning Corp boosted its position in shares of THOR Industries by 14.6% during the 4th quarter. Consolidated Planning Corp now owns 6,467 shares of the construction company's stock valued at $619,000 after acquiring an additional 823 shares during the last quarter. Palouse Capital Management Inc. boosted its position in shares of THOR Industries by 63.8% during the 4th quarter. Palouse Capital Management Inc. now owns 1,299 shares of the construction company's stock valued at $124,000 after acquiring an additional 506 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of THOR Industries by 2.5% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 19,446 shares of the construction company's stock valued at $1,861,000 after acquiring an additional 475 shares during the last quarter. Finally, Sanctuary Advisors LLC boosted its position in shares of THOR Industries by 0.5% during the 4th quarter. Sanctuary Advisors LLC now owns 21,614 shares of the construction company's stock valued at $2,278,000 after acquiring an additional 113 shares during the last quarter. Institutional investors and hedge funds own 96.71% of the company's stock.

THOR Industries Trading Down 1.3%

NYSE THO traded down $1.13 during trading hours on Friday, reaching $86.86. The company had a trading volume of 795,449 shares, compared to its average volume of 664,179. The stock has a 50-day moving average of $77.52 and a 200 day moving average of $89.05. THOR Industries, Inc. has a 1-year low of $63.16 and a 1-year high of $118.85. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $4.62 billion, a P/E ratio of 22.21, a price-to-earnings-growth ratio of 1.16 and a beta of 1.21.

THOR Industries (NYSE:THO - Get Free Report) last posted its earnings results on Wednesday, June 4th. The construction company reported $2.53 EPS for the quarter, beating analysts' consensus estimates of $1.79 by $0.74. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The company had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $2.60 billion. During the same quarter in the prior year, the company posted $2.13 earnings per share. THOR Industries's revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, research analysts anticipate that THOR Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

THOR Industries Announces Dividend

The firm also recently declared 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 of this dividend was Tuesday, April 8th. This represents a $2.00 dividend on an annualized basis and a yield of 2.30%. THOR Industries's dividend payout ratio (DPR) is presently 47.96%.

Wall Street Analyst Weigh In

THO has been the topic of several recent research reports. Roth Capital set a $77.00 price target on shares of THOR Industries and gave the company a "neutral" rating in a research report on Monday, June 9th. Bank of America raised shares of THOR Industries from a "neutral" rating to a "buy" rating and boosted their price target for the company from $110.00 to $125.00 in a research report on Monday, March 3rd. DA Davidson raised shares of THOR Industries to a "hold" rating in a research report on Monday, April 14th. Robert W. Baird cut shares of THOR Industries from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $100.00 to $85.00 in a research report on Friday, April 4th. Finally, Wall Street Zen raised shares of THOR Industries from a "sell" rating to a "hold" rating in a research report on Friday, June 6th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $87.63.

THOR Industries Company 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.