THOR Industries, Inc. (NYSE:THO) Shares Purchased by Southpoint Capital Advisors LP

Southpoint Capital Advisors LP raised its position in THOR Industries, Inc. (NYSE:THO - Free Report) by 73.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 606,149 shares of the construction company's stock after purchasing an additional 256,149 shares during the quarter. Southpoint Capital Advisors LP owned 1.14% of THOR Industries worth $58,015,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its position in THOR Industries by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 611,890 shares of the construction company's stock valued at $58,564,000 after purchasing an additional 10,455 shares during the period. Amundi raised its position in THOR Industries by 26.2% in the fourth quarter. Amundi now owns 4,354 shares of the construction company's stock valued at $415,000 after purchasing an additional 905 shares during the period. Sterling Capital Management LLC raised its position in THOR Industries by 55.4% in the fourth quarter. Sterling Capital Management LLC now owns 3,014 shares of the construction company's stock valued at $288,000 after purchasing an additional 1,075 shares during the period. US Bancorp DE raised its position in THOR Industries by 9.6% in the fourth quarter. US Bancorp DE now owns 3,667 shares of the construction company's stock valued at $351,000 after purchasing an additional 322 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its position in THOR Industries by 4.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 8,741 shares of the construction company's stock valued at $837,000 after purchasing an additional 370 shares during the period. Hedge funds and other institutional investors own 96.71% of the company's stock.

Wall Street Analyst Weigh In

THO has been the topic of a number of recent research reports. BMO Capital Markets cut their price objective on THOR Industries from $120.00 to $105.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Baird R W lowered THOR Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Bank of America raised THOR Industries from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $110.00 to $125.00 in a research report on Monday, March 3rd. Wall Street Zen raised THOR Industries from a "sell" rating to a "hold" rating in a research report on Thursday, February 27th. Finally, Citigroup lowered THOR Industries from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $94.00 to $86.00 in a research report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $87.57.

THOR Industries Stock Performance

Shares of THO stock traded down $0.62 during mid-day trading on Thursday, hitting $80.16. 621,700 shares of the stock were exchanged, compared to its average volume of 644,531. The stock's fifty day simple moving average is $75.26 and its two-hundred day simple moving average is $92.15. The stock has a market capitalization of $4.26 billion, a price-to-earnings ratio of 20.50, a P/E/G ratio of 1.16 and a beta of 1.26. THOR Industries, Inc. has a 12-month low of $63.16 and a 12-month high of $118.85. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71.

THOR Industries (NYSE:THO - Get Free Report) last issued 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 for the quarter, compared to analysts' expectations of $1.98 billion. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The business's revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.13 EPS. On average, analysts forecast 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. This represents a $2.00 annualized dividend and a dividend yield of 2.49%. The ex-dividend date was Tuesday, April 8th. THOR Industries's 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.