Two Sigma Advisers LP Takes $421,000 Position in THOR Industries, Inc. (NYSE:THO)

Two Sigma Advisers LP bought a new stake in THOR Industries, Inc. (NYSE:THO - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 4,400 shares of the construction company's stock, valued at approximately $421,000.

A number of other institutional investors also recently made changes to their positions in THO. ACR Alpine Capital Research LLC increased its position in THOR Industries by 40.6% in the fourth quarter. ACR Alpine Capital Research LLC now owns 2,142,966 shares of the construction company's stock worth $205,103,000 after buying an additional 619,318 shares during the period. Timucuan Asset Management Inc. FL increased its position in THOR Industries by 16.2% in the fourth quarter. Timucuan Asset Management Inc. FL now owns 2,038,765 shares of the construction company's stock worth $195,130,000 after buying an additional 283,744 shares during the period. Madison Investment Advisors LLC acquired a new stake in THOR Industries in the fourth quarter worth $95,688,000. American Century Companies Inc. increased its position in THOR Industries by 8.7% in the fourth quarter. American Century Companies Inc. now owns 939,146 shares of the construction company's stock worth $89,886,000 after buying an additional 75,304 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in THOR Industries by 2.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 682,992 shares of the construction company's stock worth $65,369,000 after buying an additional 15,033 shares during the period. 96.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

THO has been the subject of several recent analyst reports. Bank of America raised THOR Industries from a "neutral" rating to a "buy" rating and increased their price target for the stock from $110.00 to $125.00 in a research note on Monday, March 3rd. Citigroup cut 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. Truist Financial increased their price target on THOR Industries from $72.00 to $78.00 and gave the stock a "hold" rating in a research note on Tuesday, June 3rd. BMO Capital Markets decreased their price target on THOR Industries from $120.00 to $105.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Finally, KeyCorp raised their target price on THOR Industries from $60.00 to $65.00 and gave the company an "underweight" rating in a research note on Friday, May 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $89.14.

THOR Industries Trading Up 0.9%

Shares of THO stock traded up $0.77 during trading hours on Friday, reaching $86.75. 987,115 shares of the stock traded hands, compared to its average volume of 660,914. THOR Industries, Inc. has a 1-year low of $63.16 and a 1-year high of $118.85. The business has a fifty day moving average price of $75.86 and a 200 day moving average price of $89.76. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $4.62 billion, a PE ratio of 22.19, a PEG ratio of 1.16 and a beta of 1.21.

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, topping 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 firm had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.60 billion. During the same period last year, the company posted $2.13 EPS. The business's quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts forecast that THOR Industries, Inc. will post 4.64 EPS for the current year.

THOR Industries Dividend Announcement

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 dividend of $0.50 per share. The ex-dividend date was Tuesday, April 8th. This represents a $2.00 dividend on an annualized basis and a yield of 2.31%. THOR Industries's payout ratio is presently 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.