THOR Industries, Inc. (NYSE:THO) Shares Sold by Invesco Ltd.

Invesco Ltd. lessened its stake in THOR Industries, Inc. (NYSE:THO - Free Report) by 11.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 161,818 shares of the construction company's stock after selling 20,169 shares during the period. Invesco Ltd. owned about 0.30% of THOR Industries worth $15,488,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Anchor Investment Management LLC bought a new stake in shares of THOR Industries in the 3rd quarter worth about $58,000. Franklin Resources Inc. bought a new stake in THOR Industries in the third quarter valued at about $233,000. JPMorgan Chase & Co. raised its stake 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 in the last quarter. Reinhart Partners LLC. lifted its holdings in THOR Industries by 12.8% during the 4th 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 grew its position in shares of THOR Industries by 9.9% in the 4th 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 in the last quarter. 96.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on THO. Bank of America raised THOR Industries from a "neutral" rating to a "buy" rating and upped their price target for the company from $110.00 to $125.00 in a research report on Monday, March 3rd. Baird R W downgraded shares of THOR Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. KeyCorp decreased their price target on shares of THOR Industries from $65.00 to $60.00 and set an "underweight" rating for the company in a report on Thursday, April 17th. BMO Capital Markets decreased their target price on THOR Industries from $120.00 to $105.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Finally, StockNews.com raised 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 issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $87.57.

THOR Industries Stock Performance

Shares of THO traded down $1.55 during mid-day trading on Friday, reaching $72.96. 58,263 shares of the company's stock traded hands, compared to its average volume of 629,267. THOR Industries, Inc. has a 12 month low of $63.16 and a 12 month high of $118.85. The stock has a market capitalization of $3.88 billion, a P/E ratio of 18.66, a price-to-earnings-growth ratio of 1.16 and a beta of 1.59. The business's 50-day moving average price is $80.88 and its 200-day moving average price is $96.19. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71.

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 the consensus estimate of $0.07 by ($0.08). THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the firm earned $0.13 EPS. The firm's revenue was down 8.6% on a year-over-year basis. Equities analysts predict that THOR Industries, Inc. will post 4.64 earnings per share for the current year.

THOR Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th were given a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $2.00 dividend on an annualized basis and a yield of 2.74%. 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.