Nomura Holdings Inc. Takes $674,000 Position in THOR Industries, Inc. (NYSE:THO)

Nomura Holdings Inc. purchased a new position in THOR Industries, Inc. (NYSE:THO - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,046 shares of the construction company's stock, valued at approximately $674,000.

A number of other institutional investors have also bought and sold shares of the business. Venturi Wealth Management LLC increased its stake in THOR Industries by 1.7% in the 4th quarter. Venturi Wealth Management LLC now owns 6,312 shares of the construction company's stock worth $604,000 after buying an additional 108 shares in the last quarter. O Shaughnessy Asset Management LLC grew its position in shares of THOR Industries by 0.7% during 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 grew its position 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 purchasing an additional 113 shares in the last quarter. Blue Trust Inc. grew its position in shares of THOR Industries by 22.1% during the fourth quarter. Blue Trust Inc. now owns 669 shares of the construction company's stock valued at $64,000 after purchasing an additional 121 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its position in shares of THOR Industries by 57.3% during the fourth quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company's stock valued at $32,000 after purchasing an additional 121 shares in the last quarter. Hedge funds and other institutional investors own 96.71% of the company's stock.

THOR Industries Trading Down 0.6%

NYSE THO traded down $0.48 during trading on Friday, hitting $79.70. The stock had a trading volume of 867,297 shares, compared to its average volume of 645,941. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71. The stock has a market capitalization of $4.24 billion, a price-to-earnings ratio of 20.38, a P/E/G ratio of 1.16 and a beta of 1.26. THOR Industries, Inc. has a one year low of $63.16 and a one year high of $118.85. The stock has a 50 day simple moving average of $75.22 and a 200 day simple moving average of $91.98.

THOR Industries (NYSE:THO - Get Free Report) last announced its quarterly earnings data 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 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 firm's revenue for the quarter was down 8.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.13 EPS. Sell-side analysts predict that THOR Industries, Inc. will post 4.64 earnings per share for the current year.

THOR Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.51%. The ex-dividend date was Tuesday, April 8th. THOR Industries's dividend payout ratio is presently 53.05%.

Analyst Upgrades and Downgrades

THO has been the subject of a number of research analyst reports. Robert W. Baird lowered THOR Industries from an "outperform" rating to a "neutral" rating and cut their price objective for the company from $100.00 to $85.00 in a research report on Friday, April 4th. Citigroup lowered THOR Industries from a "buy" rating to a "neutral" rating and cut their price objective for the company from $94.00 to $86.00 in a research report on Wednesday, March 19th. KeyCorp cut their price objective on THOR Industries from $65.00 to $60.00 and set an "underweight" rating for the company in a research report on Thursday, April 17th. Baird R W lowered THOR Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, DA Davidson upgraded THOR Industries to a "hold" rating in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, THOR Industries has a consensus rating of "Hold" and an average target price of $87.57.

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.