QV Investors Inc. Raises Holdings in THOR Industries, Inc. (NYSE:THO)

QV Investors Inc. raised its position in shares of THOR Industries, Inc. (NYSE:THO - Free Report) by 222.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 87,036 shares of the construction company's stock after purchasing an additional 60,050 shares during the quarter. QV Investors Inc. owned 0.16% of THOR Industries worth $6,598,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Blue Trust Inc. lifted its holdings in THOR Industries by 22.1% in the 4th quarter. Blue Trust Inc. now owns 669 shares of the construction company's stock worth $64,000 after purchasing an additional 121 shares in the last quarter. KBC Group NV lifted its holdings 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 purchasing an additional 607 shares in the last quarter. Perigon Wealth Management LLC lifted its holdings in THOR Industries by 8.4% in the 4th quarter. Perigon Wealth Management LLC now owns 3,266 shares of the construction company's stock worth $340,000 after purchasing an additional 253 shares in the last quarter. Sylvest Advisors LLC purchased a new position in THOR Industries in the 4th quarter worth approximately $448,000. Finally, Old North State Wealth Management LLC lifted its holdings in THOR Industries by 3.7% in the 4th 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. 96.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. BMO Capital Markets reduced their price objective on THOR Industries from $120.00 to $105.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Robert W. Baird downgraded THOR Industries from an "outperform" rating to a "neutral" rating and reduced their price objective for the stock from $100.00 to $85.00 in a research note on Friday, April 4th. KeyCorp lifted their price objective on THOR Industries from $60.00 to $65.00 and gave the stock an "underweight" rating in a research note on Friday, May 30th. Wall Street Zen raised THOR Industries from a "sell" rating to a "hold" rating in a research note on Thursday, February 27th. Finally, Bank of America raised THOR Industries from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $110.00 to $125.00 in a research note on Monday, March 3rd. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $89.14.

THOR Industries Trading Up 0.6%

Shares of NYSE THO traded up $0.50 during trading hours on Thursday, hitting $86.41. 490,709 shares of the company traded hands, compared to its average volume of 658,078. The stock has a market capitalization of $4.60 billion, a price-to-earnings ratio of 22.10, a price-to-earnings-growth ratio of 1.16 and a beta of 1.26. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26. The company's 50 day moving average price is $75.46 and its 200 day moving average price is $90.20. THOR Industries, Inc. has a 12 month low of $63.16 and a 12 month high of $118.85.

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

THOR Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend was Tuesday, April 8th. THOR Industries's dividend payout ratio (DPR) is presently 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.