Captrust Financial Advisors Acquires 4,101 Shares of THOR Industries, Inc. (NYSE:THO)

Captrust Financial Advisors grew its stake in THOR Industries, Inc. (NYSE:THO - Free Report) by 137.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,093 shares of the construction company's stock after purchasing an additional 4,101 shares during the period. Captrust Financial Advisors' holdings in THOR Industries were worth $679,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Atala Financial Inc acquired a new stake in shares of THOR Industries during the 4th quarter valued at about $27,000. First Horizon Advisors Inc. boosted its position in shares of THOR Industries by 57.3% during the 4th quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company's stock valued at $32,000 after acquiring an additional 121 shares in the last quarter. Brown Brothers Harriman & Co. boosted its position in shares of THOR Industries by 369.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 418 shares of the construction company's stock valued at $40,000 after acquiring an additional 329 shares in the last quarter. Stonebridge Financial Group LLC acquired a new stake in shares of THOR Industries during the 4th quarter valued at about $51,000. Finally, Tortoise Investment Management LLC boosted its position in shares of THOR Industries by 78.3% during the 4th quarter. Tortoise Investment Management LLC now owns 576 shares of the construction company's stock valued at $55,000 after acquiring an additional 253 shares in the last quarter. 96.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on THO. Robert W. Baird lowered shares of THOR Industries from an "outperform" rating to a "neutral" rating and decreased their target price for the company from $100.00 to $85.00 in a research report on Friday, April 4th. Truist Financial reduced their price target on shares of THOR Industries from $90.00 to $72.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Citigroup lowered shares of THOR Industries from a "buy" rating to a "neutral" rating and reduced their price target for the company from $94.00 to $86.00 in a research report on Wednesday, March 19th. Baird R W lowered shares of THOR Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, KeyCorp reduced their price target on shares of THOR Industries from $65.00 to $60.00 and set an "underweight" rating on the stock in a research report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $87.57.

THOR Industries Price Performance

Shares of NYSE THO traded down $0.48 during trading on Friday, reaching $79.70. The company had a trading volume of 867,297 shares, compared to its average volume of 645,941. THOR Industries, Inc. has a 52 week low of $63.16 and a 52 week high of $118.85. The stock has a market cap of $4.24 billion, a PE ratio of 20.38, a PEG ratio of 1.16 and a beta of 1.26. 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 business's 50 day moving average price is $75.18 and its 200-day moving average price is $91.78.

THOR Industries (NYSE:THO - Get Free Report) last announced its earnings results on Wednesday, March 5th. The construction company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the prior year, the firm posted $0.13 earnings per share. The company's revenue was down 8.6% on a year-over-year basis. Analysts expect that THOR Industries, Inc. will post 4.64 earnings per share for the current 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 paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date of this dividend was Tuesday, April 8th. THOR Industries's dividend payout ratio is presently 53.05%.

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.