Lighthouse Investment Partners LLC Makes New $957,000 Investment in THOR Industries, Inc. (NYSE:THO)

Lighthouse Investment Partners LLC acquired a new stake in shares of THOR Industries, Inc. (NYSE:THO - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 10,000 shares of the construction company's stock, valued at approximately $957,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Atala Financial Inc bought a new stake in THOR Industries in the fourth quarter worth $27,000. First Horizon Advisors Inc. raised its holdings in THOR Industries by 57.3% in the fourth quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company's stock worth $32,000 after purchasing an additional 121 shares in the last quarter. Brown Brothers Harriman & Co. raised its holdings in THOR Industries by 369.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 418 shares of the construction company's stock worth $40,000 after purchasing an additional 329 shares in the last quarter. Stonebridge Financial Group LLC acquired a new position in shares of THOR Industries during the fourth quarter valued at about $51,000. Finally, Tortoise Investment Management LLC increased its holdings in shares of THOR Industries by 78.3% during the fourth quarter. Tortoise Investment Management LLC now owns 576 shares of the construction company's stock valued at $55,000 after acquiring an additional 253 shares in the last quarter. 96.71% of the stock is owned by hedge funds and other institutional investors.

THOR Industries Stock Performance

THOR Industries stock traded up $1.99 during mid-day trading on Tuesday, hitting $84.30. The company had a trading volume of 91,737 shares, compared to its average volume of 637,743. 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, Inc. has a 12-month low of $63.16 and a 12-month high of $118.85. The company's fifty day moving average is $75.11 and its 200-day moving average is $92.29. The company has a market capitalization of $4.49 billion, a price-to-earnings ratio of 21.56, a P/E/G ratio of 1.16 and a beta of 1.26.

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). The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.98 billion. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The company's quarterly revenue was down 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.13 earnings per share. Equities research analysts predict that THOR Industries, Inc. will post 4.64 EPS for the current year.

THOR Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.37%. The ex-dividend date was Tuesday, April 8th. THOR Industries's dividend payout ratio is currently 53.05%.

Analysts Set New Price Targets

Several research firms have recently issued reports on THO. Truist Financial cut their price objective on shares of THOR Industries from $90.00 to $72.00 and set a "hold" rating on the stock in a report on Monday, April 14th. StockNews.com upgraded THOR Industries from a "sell" rating to a "hold" rating in a research report on Thursday, February 27th. Citigroup lowered THOR Industries from a "buy" rating to a "neutral" rating and dropped their target price for the company from $94.00 to $86.00 in a research report on Wednesday, March 19th. BMO Capital Markets dropped their target price on THOR Industries from $120.00 to $105.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Finally, KeyCorp dropped their target price on THOR Industries from $65.00 to $60.00 and set an "underweight" rating on the stock in a research report on Thursday, April 17th. 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 company. According to data from MarketBeat.com, THOR Industries has a consensus rating of "Hold" and an average 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.