Hsbc Holdings PLC Boosts Stock Position in THOR Industries, Inc. (NYSE:THO)

Hsbc Holdings PLC lifted its position in shares of THOR Industries, Inc. (NYSE:THO - Free Report) by 140.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,301 shares of the construction company's stock after buying an additional 3,685 shares during the period. Hsbc Holdings PLC's holdings in THOR Industries were worth $604,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. ACR Alpine Capital Research LLC lifted its position in 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 purchasing an additional 619,318 shares in the last quarter. Timucuan Asset Management Inc. FL boosted its stake in shares of THOR Industries by 16.2% during the 4th quarter. Timucuan Asset Management Inc. FL now owns 2,038,765 shares of the construction company's stock worth $195,130,000 after purchasing an additional 283,744 shares during the period. Madison Investment Advisors LLC bought a new stake in shares of THOR Industries during the 4th quarter worth approximately $95,688,000. American Century Companies Inc. grew its holdings in shares of 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 purchasing an additional 75,304 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its position in shares of THOR Industries by 2.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 682,992 shares of the construction company's stock worth $65,369,000 after acquiring an additional 15,033 shares during the period. Hedge funds and other institutional investors own 96.71% of the company's stock.

THOR Industries Stock Up 0.3 %

Shares of NYSE THO traded up $0.22 during midday trading on Friday, reaching $76.48. The company's stock had a trading volume of 314,462 shares, compared to its average volume of 631,348. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of 19.56, a PEG ratio of 1.16 and a beta of 1.26. THOR Industries, Inc. has a fifty-two week low of $63.16 and a fifty-two week high of $118.85. The stock has a 50 day simple moving average of $75.54 and a 200-day simple moving average of $93.67. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26.

THOR Industries (NYSE:THO - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The construction company reported ($0.01) 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 company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the business earned $0.13 EPS. THOR Industries's revenue was down 8.6% on a year-over-year basis. Equities research analysts predict that THOR Industries, Inc. will post 4.64 earnings per share for the current year.

THOR Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders 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 dividend yield of 2.62%. The ex-dividend date of this dividend was Tuesday, April 8th. THOR Industries's dividend payout ratio is currently 53.05%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Baird R W downgraded THOR Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. Robert W. Baird lowered shares of THOR Industries from an "outperform" rating to a "neutral" rating and decreased their price target for the company from $100.00 to $85.00 in a research note on Friday, April 4th. StockNews.com upgraded THOR Industries from a "sell" rating to a "hold" rating in a report on Thursday, February 27th. BMO Capital Markets decreased their target price on shares of THOR Industries from $120.00 to $105.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Finally, Truist Financial cut their price objective on THOR Industries from $90.00 to $72.00 and set a "hold" rating on the stock in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, THOR Industries currently has a consensus rating of "Hold" and a consensus price target 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.