THOR Industries, Inc. (NYSE:THO) Stake Cut by Nuveen Asset Management LLC

Nuveen Asset Management LLC reduced its position in shares of THOR Industries, Inc. (NYSE:THO - Free Report) by 25.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 122,825 shares of the construction company's stock after selling 42,458 shares during the period. Nuveen Asset Management LLC owned about 0.23% of THOR Industries worth $11,756,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Atala Financial Inc bought a new position in THOR Industries during the 4th quarter worth $27,000. First Horizon Advisors Inc. grew its stake in THOR Industries by 57.3% during the 4th quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company's stock worth $32,000 after buying an additional 121 shares during the last quarter. Brown Brothers Harriman & Co. grew its stake in THOR Industries by 369.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 418 shares of the construction company's stock worth $40,000 after buying an additional 329 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in THOR Industries during the 4th quarter worth $51,000. Finally, Tortoise Investment Management LLC grew its stake in shares of THOR Industries by 78.3% in the fourth quarter. Tortoise Investment Management LLC now owns 576 shares of the construction company's stock worth $55,000 after purchasing an additional 253 shares in the last quarter. 96.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Truist Financial decreased their price target on THOR Industries from $90.00 to $72.00 and set a "hold" rating for the company in a research note on Monday, April 14th. Baird R W cut THOR Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. KeyCorp decreased 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. BMO Capital Markets decreased 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. Finally, Bank of America raised THOR Industries from a "neutral" rating to a "buy" rating and increased their price target for the stock from $110.00 to $125.00 in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $87.57.

THOR Industries Price Performance

Shares of THOR Industries stock traded up $0.37 during trading on Thursday, hitting $81.65. The stock had a trading volume of 652,762 shares, compared to its average volume of 648,602. THOR Industries, Inc. has a fifty-two week low of $63.16 and a fifty-two week high of $118.85. The firm has a market cap 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. The business has a fifty day moving average of $75.24 and a two-hundred day moving average of $90.96.

THOR Industries (NYSE:THO - Get Free Report) last announced its earnings results 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 net margin of 2.17% and a return on equity of 5.97%. The company had revenue of $2.02 billion for the quarter, compared to analysts' expectations of $1.98 billion. During the same period in the prior year, the company earned $0.13 earnings per share. The company's revenue for the quarter was down 8.6% on a year-over-year basis. On average, sell-side analysts expect that THOR Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

THOR Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend was Tuesday, April 8th. THOR Industries's dividend payout ratio is 53.05%.

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.