Geode Capital Management LLC Sells 41,088 Shares of THOR Industries, Inc. (NYSE:THO)

Geode Capital Management LLC reduced its stake in THOR Industries, Inc. (NYSE:THO - Free Report) by 4.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 870,144 shares of the construction company's stock after selling 41,088 shares during the quarter. Geode Capital Management LLC owned 1.63% of THOR Industries worth $83,309,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. ACR Alpine Capital Research LLC raised its stake in shares of THOR Industries by 40.6% in the 4th quarter. ACR Alpine Capital Research LLC now owns 2,142,966 shares of the construction company's stock valued at $205,103,000 after purchasing an additional 619,318 shares during the period. State Street Corp raised its position in THOR Industries by 2.1% in the 3rd quarter. State Street Corp now owns 1,624,002 shares of the construction company's stock valued at $178,462,000 after buying an additional 33,619 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in THOR Industries by 37.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company's stock valued at $165,078,000 after acquiring an additional 411,466 shares in the last quarter. Madison Investment Advisors LLC acquired a new position in THOR Industries during the 4th quarter worth approximately $95,688,000. Finally, American Century Companies Inc. grew 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 valued at $89,886,000 after purchasing an additional 75,304 shares in the last quarter. 96.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on THO shares. Truist Financial decreased their price target on THOR Industries from $90.00 to $72.00 and set a "hold" rating for the company in a research note on Monday. BMO Capital Markets dropped their price target on shares of THOR Industries from $120.00 to $105.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Citigroup lowered shares of THOR Industries from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $94.00 to $86.00 in a research note on Wednesday, March 19th. KeyCorp reiterated an "underweight" rating and issued a $65.00 target price on shares of THOR Industries in a research note on Thursday, March 20th. Finally, Baird R W downgraded THOR Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. One equities research 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. Based on data from MarketBeat.com, THOR Industries presently has a consensus rating of "Hold" and a consensus target price of $88.29.

THOR Industries Stock Performance

NYSE THO traded up $0.04 on Wednesday, reaching $68.33. The stock had a trading volume of 31,623 shares, compared to its average volume of 619,559. THOR Industries, Inc. has a 1-year low of $63.16 and a 1-year high of $118.85. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78. The company has a market cap of $3.64 billion, a P/E ratio of 17.45, a price-to-earnings-growth ratio of 1.16 and a beta of 1.59. The firm has a fifty day moving average of $85.32 and a two-hundred day moving average of $97.97.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.08). THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the previous year, the company earned $0.13 EPS. The business's revenue for the quarter was down 8.6% on a year-over-year basis. On average, equities research analysts anticipate that THOR Industries, Inc. will post 4.64 EPS for the current year.

THOR Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.00 annualized dividend and a yield of 2.93%. THOR Industries's dividend payout ratio 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.