Kayne Anderson Rudnick Investment Management LLC Sells 274,150 Shares of THOR Industries, Inc. (NYSE:THO)

Kayne Anderson Rudnick Investment Management LLC lowered its stake in shares of THOR Industries, Inc. (NYSE:THO - Free Report) by 5.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 5,174,322 shares of the construction company's stock after selling 274,150 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned approximately 9.72% of THOR Industries worth $495,234,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in THO. Venturi Wealth Management LLC increased its stake in shares of THOR Industries by 1.7% during the fourth quarter. Venturi Wealth Management LLC now owns 6,312 shares of the construction company's stock worth $604,000 after acquiring an additional 108 shares during the period. O Shaughnessy Asset Management LLC lifted its holdings in shares of THOR Industries by 0.7% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 15,971 shares of the construction company's stock valued at $1,529,000 after purchasing an additional 112 shares in the last quarter. Sanctuary Advisors LLC lifted its stake in shares of THOR Industries by 0.5% during the fourth quarter. Sanctuary Advisors LLC now owns 21,614 shares of the construction company's stock valued at $2,278,000 after buying an additional 113 shares during the period. Blue Trust Inc. raised its stake in THOR Industries by 22.1% during the fourth quarter. Blue Trust Inc. now owns 669 shares of the construction company's stock worth $64,000 after purchasing an additional 121 shares during the period. Finally, First Horizon Advisors Inc. increased its position in shares of THOR Industries by 57.3% in the fourth quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company's stock worth $32,000 after acquiring an additional 121 shares in the last quarter. Hedge funds and other institutional investors own 96.71% of the company's stock.

THOR Industries Price Performance

Shares of THO stock traded down $0.40 on Friday, reaching $81.31. The company had a trading volume of 209,267 shares, compared to its average volume of 646,912. The business's 50-day moving average is $75.24 and its 200 day moving average is $90.96. THOR Industries, Inc. has a one year low of $63.16 and a one year high of $118.85. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $4.33 billion, a PE ratio of 20.77, a price-to-earnings-growth ratio of 1.16 and a beta of 1.26.

THOR Industries (NYSE:THO - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The construction company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.08). THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the business earned $0.13 EPS. The business's quarterly revenue was down 8.6% compared to the same quarter last year. Equities research analysts forecast that THOR Industries, Inc. will post 4.64 EPS for the current fiscal year.

THOR Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders 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 yield of 2.46%. The ex-dividend date was Tuesday, April 8th. THOR Industries's payout ratio is presently 53.05%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on THO shares. Citigroup lowered shares of THOR Industries from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $94.00 to $86.00 in a report on Wednesday, March 19th. Bank of America upgraded shares of THOR Industries from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $110.00 to $125.00 in a research report on Monday, March 3rd. BMO Capital Markets lowered their target price on shares of THOR Industries from $120.00 to $105.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Robert W. Baird cut shares of THOR Industries from an "outperform" rating to a "neutral" rating and lowered their price objective for the stock from $100.00 to $85.00 in a research note on Friday, April 4th. Finally, KeyCorp lifted their target price on shares of THOR Industries from $60.00 to $65.00 and gave the stock an "underweight" rating in a research report on Friday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, THOR Industries presently has an average rating of "Hold" and an average target price of $88.29.

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.