UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduces Holdings in THOR Industries, Inc. (NYSE:THO)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its position in shares of THOR Industries, Inc. (NYSE:THO - Free Report) by 3.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 485,763 shares of the construction company's stock after selling 15,716 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.91% of THOR Industries worth $46,492,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. First Citizens Bank & Trust Co. lifted its position in shares of THOR Industries by 19.2% during the 4th quarter. First Citizens Bank & Trust Co. now owns 2,302 shares of the construction company's stock valued at $220,000 after buying an additional 371 shares during the last quarter. Novare Capital Management LLC raised its stake in THOR Industries by 1.9% in the 4th quarter. Novare Capital Management LLC now owns 102,525 shares of the construction company's stock valued at $9,813,000 after acquiring an additional 1,893 shares during the period. Blue Trust Inc. lifted its holdings 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 boosted its position in THOR Industries by 39.0% during the fourth quarter. KBC Group NV now owns 2,165 shares of the construction company's stock worth $207,000 after purchasing an additional 607 shares during the period. Finally, Perigon Wealth Management LLC increased its stake in shares of THOR Industries by 8.4% in the fourth 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. 96.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on THO shares. Citigroup cut shares of THOR Industries from a "buy" rating to a "neutral" rating and dropped their price target for the company from $94.00 to $86.00 in a research note on Wednesday, March 19th. Baird R W cut shares of THOR Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Robert W. Baird lowered THOR Industries from an "outperform" rating to a "neutral" rating and dropped their price objective for the company from $100.00 to $85.00 in a research note on Friday, April 4th. BMO Capital Markets decreased their target price 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. Finally, DA Davidson raised THOR Industries to a "hold" rating in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $87.57.

THOR Industries Price Performance

NYSE:THO traded up $0.42 during midday trading on Thursday, hitting $81.70. The company had a trading volume of 431,930 shares, compared to its average volume of 647,596. The company has a market capitalization of $4.35 billion, a PE ratio of 20.87, a P/E/G ratio of 1.16 and a beta of 1.26. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. THOR Industries, Inc. has a 52-week low of $63.16 and a 52-week high of $118.85. The stock's fifty day moving average price is $75.23 and its 200-day moving average price is $91.19.

THOR Industries (NYSE:THO - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The construction company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.08). The firm had revenue of $2.02 billion during 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%. THOR Industries's revenue for the quarter was down 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 earnings per share. As a group, research analysts expect that THOR Industries, Inc. will post 4.64 earnings per share for the current year.

THOR Industries Announces Dividend

The firm 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. This represents a $2.00 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date was Tuesday, April 8th. THOR Industries's payout ratio is currently 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.