Gotham Asset Management LLC Has $8.42 Million Stock Position in THOR Industries, Inc. (NYSE:THO)

Gotham Asset Management LLC boosted its holdings in THOR Industries, Inc. (NYSE:THO - Free Report) by 6.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,955 shares of the construction company's stock after purchasing an additional 5,034 shares during the quarter. Gotham Asset Management LLC owned approximately 0.17% of THOR Industries worth $8,418,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in THO. Madison Investment Advisors LLC acquired a new position in THOR Industries in the fourth quarter worth $95,688,000. ACR Alpine Capital Research LLC boosted its holdings in shares of THOR Industries by 40.6% during the fourth quarter. ACR Alpine Capital Research LLC now owns 2,142,966 shares of the construction company's stock valued at $205,103,000 after acquiring an additional 619,318 shares during the period. Norges Bank acquired a new position in shares of THOR Industries during the fourth quarter valued at $54,754,000. Raymond James Financial Inc. acquired a new position in shares of THOR Industries during the fourth quarter valued at $52,497,000. Finally, Timucuan Asset Management Inc. FL boosted its holdings in shares of THOR Industries by 16.2% during the fourth quarter. Timucuan Asset Management Inc. FL now owns 2,038,765 shares of the construction company's stock valued at $195,130,000 after acquiring an additional 283,744 shares during the period. Institutional investors and hedge funds own 96.71% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on THO. KeyCorp cut their price objective on shares of THOR Industries from $65.00 to $60.00 and set an "underweight" rating on the stock in a research note on Thursday, April 17th. Bank of America upgraded shares of THOR Industries from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $110.00 to $125.00 in a research report on Monday, March 3rd. Citigroup cut shares of 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. StockNews.com upgraded shares of THOR Industries from a "sell" rating to a "hold" rating in a research report on Thursday, February 27th. Finally, Robert W. Baird downgraded THOR Industries from an "outperform" rating to a "neutral" rating and cut their price objective for the stock from $100.00 to $85.00 in a report on Friday, April 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, THOR Industries presently has an average rating of "Hold" and a consensus price target of $87.57.

THOR Industries Stock Up 1.1%

Shares of NYSE THO traded up $0.87 during trading hours on Friday, hitting $82.37. The stock had a trading volume of 618,842 shares, compared to its average volume of 637,894. The company has a market capitalization of $4.38 billion, a P/E ratio of 21.07, a P/E/G ratio of 1.16 and a beta of 1.26. 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 firm's 50-day moving average price is $74.97 and its two-hundred day moving average price is $92.80. THOR Industries, Inc. has a 52 week low of $63.16 and a 52 week 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 (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.08). The company had revenue of $2.02 billion for 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%. The firm's revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.13 EPS. Analysts anticipate that THOR Industries, Inc. will post 4.64 EPS for the current fiscal year.

THOR Industries Dividend Announcement

The business also recently announced 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 2.43%. THOR Industries's payout ratio is currently 53.05%.

About THOR Industries

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.