Salvus Wealth Management LLC Buys 6,837 Shares of THOR Industries, Inc. (NYSE:THO)

Salvus Wealth Management LLC lifted its position in THOR Industries, Inc. (NYSE:THO - Free Report) by 16.2% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 49,005 shares of the construction company's stock after buying an additional 6,837 shares during the period. THOR Industries makes up 2.3% of Salvus Wealth Management LLC's holdings, making the stock its 12th largest position. Salvus Wealth Management LLC owned about 0.09% of THOR Industries worth $3,715,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Blue Trust Inc. lifted 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 valued at $64,000 after purchasing an additional 121 shares during the last quarter. KBC Group NV lifted its stake in THOR Industries by 39.0% in the 4th quarter. KBC Group NV now owns 2,165 shares of the construction company's stock worth $207,000 after acquiring an additional 607 shares in the last quarter. Old North State Wealth Management LLC lifted its position in shares of THOR Industries by 3.7% in the fourth quarter. Old North State Wealth Management LLC now owns 10,907 shares of the construction company's stock worth $1,045,000 after purchasing an additional 393 shares in the last quarter. Choreo LLC boosted its stake in shares of THOR Industries by 14.7% during the 4th quarter. Choreo LLC now owns 356,662 shares of the construction company's stock valued at $34,092,000 after buying an additional 45,648 shares during the period. Finally, Stonebridge Financial Group LLC purchased a new position in THOR Industries in the fourth quarter valued at about $51,000. Institutional investors own 96.71% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have commented on THO shares. Robert W. Baird downgraded shares of THOR Industries from an "outperform" rating to a "neutral" rating and decreased their target price for the stock from $100.00 to $85.00 in a research report on Friday, April 4th. Truist Financial upped their price objective on shares of THOR Industries from $72.00 to $78.00 and gave the stock a "hold" rating in a report on Tuesday. Bank of America raised shares of THOR Industries from a "neutral" rating to a "buy" rating and increased their target price for the stock from $110.00 to $125.00 in a research report on Monday, March 3rd. DA Davidson raised THOR Industries to a "hold" rating in a research report on Monday, April 14th. Finally, Citigroup downgraded THOR Industries from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $94.00 to $86.00 in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $89.14.

THOR Industries Price Performance

Shares of THO traded up $0.77 during mid-day trading on Friday, reaching $86.75. The company had a trading volume of 987,115 shares, compared to its average volume of 660,303. The company's 50-day moving average is $75.66 and its 200-day moving average is $90.03. THOR Industries, Inc. has a twelve month low of $63.16 and a twelve month high of $118.85. The company has a market capitalization of $4.62 billion, a P/E ratio of 22.19, a P/E/G ratio of 1.16 and a beta of 1.21. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78.

THOR Industries (NYSE:THO - Get Free Report) last released its quarterly earnings results on Wednesday, June 4th. The construction company reported $2.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.79 by $0.74. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The business had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $2.60 billion. During the same period in the previous year, the business posted $2.13 earnings per share. The firm's revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities analysts anticipate that THOR Industries, Inc. will post 4.64 EPS for the current year.

THOR Industries Dividend Announcement

The company also recently disclosed 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. The ex-dividend date was Tuesday, April 8th. This represents a $2.00 annualized dividend and a yield of 2.31%. THOR Industries's dividend payout ratio is currently 47.96%.

THOR Industries Company 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.