Mercer Global Advisors Inc. ADV Sells 6,642 Shares of THOR Industries, Inc. (NYSE:THO)

Mercer Global Advisors Inc. ADV lowered its position in shares of THOR Industries, Inc. (NYSE:THO - Free Report) by 46.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,605 shares of the construction company's stock after selling 6,642 shares during the period. Mercer Global Advisors Inc. ADV's holdings in THOR Industries were worth $728,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Venturi Wealth Management LLC raised its stake in THOR Industries by 1.7% during the 4th quarter. Venturi Wealth Management LLC now owns 6,312 shares of the construction company's stock valued at $604,000 after buying an additional 108 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in shares of THOR Industries by 0.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 15,971 shares of the construction company's stock valued at $1,529,000 after buying an additional 112 shares during the period. Sanctuary Advisors LLC lifted its holdings in shares of THOR Industries by 0.5% during the 4th quarter. Sanctuary Advisors LLC now owns 21,614 shares of the construction company's stock valued at $2,278,000 after buying an additional 113 shares during the period. Blue Trust Inc. lifted its holdings in shares of THOR Industries by 22.1% during the 4th quarter. Blue Trust Inc. now owns 669 shares of the construction company's stock valued at $64,000 after buying an additional 121 shares during the period. Finally, First Horizon Advisors Inc. lifted its holdings in shares of THOR Industries by 57.3% during the 4th quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company's stock valued at $32,000 after buying an additional 121 shares during the period. Institutional investors own 96.71% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on THO shares. BMO Capital Markets lowered their price target on THOR Industries from $120.00 to $105.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Truist Financial lowered their price target on THOR Industries from $90.00 to $72.00 and set a "hold" rating on the stock in a report on Monday, April 14th. DA Davidson raised THOR Industries to a "hold" rating in a report on Monday, April 14th. Robert W. Baird cut THOR Industries from an "outperform" rating to a "neutral" rating and lowered their price target for the company from $100.00 to $85.00 in a report on Friday, April 4th. Finally, KeyCorp cut their price objective on shares of THOR Industries from $65.00 to $60.00 and set an "underweight" rating for the company in a research report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $87.57.

THOR Industries Trading Up 0.3%

Shares of THO stock opened at $76.48 on Monday. THOR Industries, Inc. has a 1 year low of $63.16 and a 1 year high of $118.85. The firm has a fifty day moving average price of $75.17 and a 200-day moving average price of $93.30. 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 company has a market cap 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 (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 analysts' consensus estimates of $0.07 by ($0.08). The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.98 billion. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The company's revenue was down 8.6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 EPS. As a group, equities analysts predict that THOR Industries, Inc. will post 4.64 earnings per share for the current year.

THOR Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a 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%.

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.

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