THOR Industries, Inc. (NYSE:THO) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP decreased its position in shares of THOR Industries, Inc. (NYSE:THO - Free Report) by 42.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,449 shares of the construction company's stock after selling 29,455 shares during the period. Wellington Management Group LLP owned approximately 0.08% of THOR Industries worth $3,871,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in THO. Atala Financial Inc purchased a new position in THOR Industries during the 4th quarter valued at about $27,000. First Horizon Advisors Inc. increased its position in 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 buying an additional 121 shares in the last quarter. Brown Brothers Harriman & Co. raised its position in shares of THOR Industries by 369.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 418 shares of the construction company's stock worth $40,000 after purchasing an additional 329 shares during the last quarter. Stonebridge Financial Group LLC purchased a new position in THOR Industries in the 4th quarter worth approximately $51,000. Finally, Tortoise Investment Management LLC lifted its holdings in shares of THOR Industries by 78.3% during the fourth quarter. Tortoise Investment Management LLC now owns 576 shares of the construction company's stock valued at $55,000 after purchasing an additional 253 shares in the last quarter. 96.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on THO shares. Robert W. Baird cut THOR Industries from an "outperform" rating to a "neutral" rating and dropped their target price for the stock from $100.00 to $85.00 in a research report on Friday, April 4th. Truist Financial lifted their price target on shares of THOR Industries from $72.00 to $78.00 and gave the company a "hold" rating in a report on Tuesday. KeyCorp increased their target price on THOR Industries from $60.00 to $65.00 and gave the company an "underweight" rating in a research report on Friday, May 30th. Citigroup lowered THOR Industries from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $94.00 to $86.00 in a research report on Wednesday, March 19th. Finally, DA Davidson raised shares of THOR Industries to a "hold" rating in a research note on Monday, April 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, THOR Industries has an average rating of "Hold" and a consensus target price of $89.14.

THOR Industries Stock Up 0.9%

THO stock traded up $0.77 during trading on Friday, reaching $86.75. 987,115 shares of the company traded hands, compared to its average volume of 660,303. 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 company has a market capitalization of $4.62 billion, a price-to-earnings ratio of 22.19, a price-to-earnings-growth ratio of 1.16 and a beta of 1.21. The business has a 50 day simple moving average of $75.66 and a 200 day simple moving average of $90.03. 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 released its quarterly earnings results on Wednesday, June 4th. The construction company reported $2.53 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 company had revenue of $2.89 billion during the quarter, compared to analysts' expectations of $2.60 billion. During the same period last year, the business posted $2.13 earnings per share. The firm's revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts anticipate that THOR Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

THOR Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $2.00 dividend on an annualized basis 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.