Kayne Anderson Rudnick Investment Management LLC Cuts Stake in THOR Industries, Inc. (NYSE:THO)

Kayne Anderson Rudnick Investment Management LLC reduced its position in THOR Industries, Inc. (NYSE:THO - Free Report) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,174,322 shares of the construction company's stock after selling 274,150 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned about 9.72% of THOR Industries worth $495,234,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in THO. 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 acquiring an additional 619,318 shares during the period. Timucuan Asset Management Inc. FL raised its holdings in shares of THOR Industries by 16.2% in the 4th quarter. Timucuan Asset Management Inc. FL now owns 2,038,765 shares of the construction company's stock valued at $195,130,000 after buying an additional 283,744 shares during the period. JPMorgan Chase & Co. lifted its stake in THOR Industries by 37.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company's stock worth $165,078,000 after acquiring an additional 411,466 shares in the last quarter. Madison Investment Advisors LLC purchased a new position in THOR Industries during the 4th quarter valued at about $95,688,000. Finally, American Century Companies Inc. grew its position in THOR Industries by 8.7% in the 4th quarter. American Century Companies Inc. now owns 939,146 shares of the construction company's stock valued at $89,886,000 after acquiring an additional 75,304 shares in the last quarter. Hedge funds and other institutional investors own 96.71% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on THO. Baird R W cut THOR Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. BMO Capital Markets lowered their price objective on THOR Industries from $120.00 to $105.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Citigroup cut shares of THOR Industries from a "buy" rating to a "neutral" rating and reduced their target price for the company from $94.00 to $86.00 in a report on Wednesday, March 19th. Bank of America upgraded shares of THOR Industries from a "neutral" rating to a "buy" rating and raised their price objective for the company from $110.00 to $125.00 in a report on Monday, March 3rd. Finally, StockNews.com upgraded shares of THOR Industries from a "sell" rating to a "hold" rating in a research note on Thursday, February 27th. One equities 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 MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $87.57.

THOR Industries Stock Performance

Shares of THO stock traded down $0.84 during trading hours on Friday, hitting $73.68. The stock had a trading volume of 154,273 shares, compared to its average volume of 629,654. 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 firm has a market capitalization of $3.92 billion, a PE ratio of 18.84, a PEG ratio of 1.16 and a beta of 1.59. The stock's 50 day moving average is $80.88 and its 200 day moving average is $96.19. THOR Industries, Inc. has a twelve month low of $63.16 and a twelve month high of $118.85.

THOR Industries (NYSE:THO - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The construction company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts' expectations of $1.98 billion. During the same period in the previous year, the business posted $0.13 earnings per share. The company's revenue for the quarter was down 8.6% on a year-over-year basis. As a group, research analysts forecast that THOR Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

THOR Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.71%. The ex-dividend date was Tuesday, April 8th. THOR Industries's dividend payout ratio is presently 53.05%.

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.