QRG Capital Management Inc. Buys 5,136 Shares of Thor Industries, Inc. (NYSE:THO)

QRG Capital Management Inc. raised its stake in shares of Thor Industries, Inc. (NYSE:THO - Free Report) by 33.5% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,453 shares of the construction company's stock after acquiring an additional 5,136 shares during the period. QRG Capital Management Inc.'s holdings in Thor Industries were worth $1,551,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Madison Investment Advisors LLC purchased a new stake in Thor Industries in the 4th quarter valued at about $95,688,000. ACR Alpine Capital Research LLC grew its holdings in shares of Thor Industries by 40.6% in the fourth quarter. ACR Alpine Capital Research LLC now owns 2,142,966 shares of the construction company's stock valued at $205,103,000 after acquiring an additional 619,318 shares in the last quarter. Norges Bank purchased a new stake in shares of Thor Industries during the fourth quarter valued at approximately $54,754,000. Raymond James Financial Inc. purchased a new stake in shares of Thor Industries during the fourth quarter valued at approximately $52,497,000. Finally, Timucuan Asset Management Inc. FL lifted its holdings in Thor Industries by 16.2% during the fourth quarter. Timucuan Asset Management Inc. FL now owns 2,038,765 shares of the construction company's stock worth $195,130,000 after acquiring an additional 283,744 shares during the period. 96.71% of the stock is currently owned by institutional investors.

Thor Industries Price Performance

THO traded down $0.58 during trading on Friday, reaching $85.31. The stock had a trading volume of 887,415 shares, compared to its average volume of 668,287. The business has a 50-day moving average of $78.88 and a 200-day moving average of $88.37. Thor Industries, Inc. has a one year low of $63.16 and a one year high of $118.85. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.90 and a current ratio of 1.71. The stock has a market cap of $4.54 billion, a PE ratio of 20.46, a PEG ratio of 1.79 and a beta of 1.21.

Thor Industries (NYSE:THO - Get Free Report) last announced its quarterly earnings data on Wednesday, June 4th. The construction company reported $2.53 earnings per share for the quarter, beating analysts' consensus estimates of $1.79 by $0.74. The company had revenue of $2.89 billion for the quarter, compared to analysts' expectations of $2.60 billion. Thor Industries had a return on equity of 5.84% and a net margin of 2.32%. Thor Industries's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the firm posted $2.13 EPS. As a group, equities research analysts anticipate that Thor Industries, Inc. will post 4.64 EPS for the current fiscal year.

Thor Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be issued a $0.50 dividend. The ex-dividend date is Tuesday, July 1st. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.34%. Thor Industries's payout ratio is 47.96%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Roth Capital set a $77.00 price objective on Thor Industries and gave the company a "neutral" rating in a research note on Monday, June 9th. Robert W. Baird downgraded shares of Thor Industries from an "outperform" rating to a "neutral" rating and cut their price target for the stock from $100.00 to $85.00 in a report on Friday, April 4th. Baird R W downgraded Thor Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Bank of America upgraded Thor Industries from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $110.00 to $125.00 in a research note on Monday, March 3rd. Finally, Truist Financial upped their price objective on shares of Thor Industries from $72.00 to $78.00 and gave the company a "hold" rating in a report on Tuesday, June 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, Thor Industries currently has an average rating of "Hold" and an average target price of $87.63.

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.