First Trust Advisors LP Sells 50,402 Shares of THOR Industries, Inc. (NYSE:THO)

First Trust Advisors LP lessened its holdings in THOR Industries, Inc. (NYSE:THO - Free Report) by 20.8% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 192,237 shares of the construction company's stock after selling 50,402 shares during the period. First Trust Advisors LP owned approximately 0.36% of THOR Industries worth $18,399,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of THO. Anchor Investment Management LLC bought a new position in THOR Industries in the 3rd quarter valued at $58,000. Franklin Resources Inc. purchased a new position in shares of THOR Industries in the 3rd quarter worth about $233,000. JPMorgan Chase & Co. grew its position in THOR Industries by 37.7% during the third quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company's stock valued at $165,078,000 after buying an additional 411,466 shares during the period. Reinhart Partners LLC. increased its holdings in THOR Industries by 12.8% during the fourth quarter. Reinhart Partners LLC. now owns 360,142 shares of the construction company's stock worth $34,469,000 after buying an additional 40,868 shares during the last quarter. Finally, Accurate Wealth Management LLC raised its position in THOR Industries by 9.9% in the fourth quarter. Accurate Wealth Management LLC now owns 5,182 shares of the construction company's stock worth $484,000 after acquiring an additional 465 shares during the period. Hedge funds and other institutional investors own 96.71% of the company's stock.

THOR Industries Price Performance

Shares of THOR Industries stock traded up $1.71 on Friday, reaching $75.12. The stock had a trading volume of 124,483 shares, compared to its average volume of 826,045. The business's 50 day moving average is $78.09 and its two-hundred day moving average is $95.00. 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 has a market cap of $4.00 billion, a P/E ratio of 19.17, a price-to-earnings-growth ratio of 1.16 and a beta of 1.59. THOR Industries, Inc. has a 1 year low of $63.15 and a 1 year high of $118.85.

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

THOR Industries Announces Dividend

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 was Tuesday, April 8th. This represents a $2.00 dividend on an annualized basis and a yield of 2.66%. THOR Industries's payout ratio is 53.05%.

Analyst Ratings Changes

THO has been the subject of a number of research reports. Bank of America raised shares of THOR Industries from a "neutral" rating to a "buy" rating and increased their target price for the company from $110.00 to $125.00 in a research report on Monday, March 3rd. KeyCorp decreased their target price on THOR Industries from $65.00 to $60.00 and set an "underweight" rating for the company in a research report on Thursday, April 17th. Truist Financial dropped their price target on THOR Industries from $90.00 to $72.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. BMO Capital Markets decreased their price objective on THOR Industries from $120.00 to $105.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Finally, StockNews.com raised shares of THOR Industries from a "sell" rating to a "hold" rating in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $87.57.

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.