Lazard Asset Management LLC Reduces Stock Position in THOR Industries, Inc. (NYSE:THO)

Lazard Asset Management LLC cut its holdings in shares of THOR Industries, Inc. (NYSE:THO - Free Report) by 30.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 556,393 shares of the construction company's stock after selling 245,895 shares during the period. Lazard Asset Management LLC owned approximately 1.05% of THOR Industries worth $53,252,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Lighthouse Investment Partners LLC acquired a new stake in THOR Industries in the 4th quarter worth about $957,000. Jacobs Levy Equity Management Inc. boosted its holdings in shares of THOR Industries by 27.9% during the 4th quarter. Jacobs Levy Equity Management Inc. now owns 105,980 shares of the construction company's stock worth $10,143,000 after purchasing an additional 23,103 shares during the last quarter. Janus Henderson Group PLC boosted its holdings in shares of THOR Industries by 1.0% during the 4th quarter. Janus Henderson Group PLC now owns 433,768 shares of the construction company's stock worth $41,518,000 after purchasing an additional 4,410 shares during the last quarter. Gotham Asset Management LLC boosted its holdings in shares of THOR Industries by 6.1% during the 4th quarter. Gotham Asset Management LLC now owns 87,955 shares of the construction company's stock worth $8,418,000 after purchasing an additional 5,034 shares during the last quarter. Finally, Ethic Inc. acquired a new position in shares of THOR Industries during the 4th quarter worth approximately $272,000. 96.71% of the stock is currently owned by institutional investors and hedge funds.

THOR Industries Trading Up 1.1%

NYSE THO traded up $0.87 on Friday, reaching $82.37. The stock had a trading volume of 618,842 shares, compared to its average volume of 639,222. The firm has a market capitalization of $4.38 billion, a price-to-earnings ratio of 21.07, a P/E/G ratio of 1.16 and a beta of 1.26. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. THOR Industries, Inc. has a 12-month low of $63.16 and a 12-month high of $118.85. The stock has a fifty day moving average price of $74.97 and a two-hundred day moving average price of $92.80.

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 net margin of 2.17% and a return on equity of 5.97%. The firm had revenue of $2.02 billion during the quarter, compared to analysts' expectations of $1.98 billion. During the same period in the previous year, the firm earned $0.13 EPS. The firm's revenue for the quarter was down 8.6% compared to the same quarter last year. As a group, sell-side analysts forecast that THOR Industries, Inc. will post 4.64 EPS for the current fiscal year.

THOR Industries Dividend Announcement

The business also recently disclosed 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 2.43%. The ex-dividend date was Tuesday, April 8th. THOR Industries's dividend payout ratio is currently 53.05%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on THO shares. BMO Capital Markets lowered their target price on THOR Industries from $120.00 to $105.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Baird R W cut THOR Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. KeyCorp decreased their price objective on THOR Industries from $65.00 to $60.00 and set an "underweight" rating on the stock in a report on Thursday, April 17th. DA Davidson upgraded THOR Industries to a "hold" rating in a report on Monday, April 14th. Finally, Truist Financial decreased 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 analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $87.57.

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.