International Assets Investment Management LLC Purchases 43,480 Shares of THOR Industries, Inc. (NYSE:THO)

International Assets Investment Management LLC grew its holdings in shares of THOR Industries, Inc. (NYSE:THO - Free Report) by 8,542.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,989 shares of the construction company's stock after acquiring an additional 43,480 shares during the period. International Assets Investment Management LLC owned 0.08% of THOR Industries worth $5,202,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of THO. Raymond James Financial Services Advisors Inc. grew its holdings in THOR Industries by 14.9% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 10,954 shares of the construction company's stock worth $862,000 after acquiring an additional 1,423 shares during the period. Cambridge Investment Research Advisors Inc. grew its holdings in THOR Industries by 11.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 6,174 shares of the construction company's stock worth $486,000 after acquiring an additional 629 shares during the period. Private Advisor Group LLC grew its holdings in THOR Industries by 20.9% during the 1st quarter. Private Advisor Group LLC now owns 7,616 shares of the construction company's stock worth $599,000 after acquiring an additional 1,319 shares during the period. Citigroup Inc. grew its holdings in THOR Industries by 39.3% during the 1st quarter. Citigroup Inc. now owns 29,220 shares of the construction company's stock worth $2,300,000 after acquiring an additional 8,241 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in THOR Industries during the 1st quarter worth about $1,068,000. 96.71% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other THOR Industries news, COO W. Todd Woelfer sold 3,333 shares of THOR Industries stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $115.00, for a total transaction of $383,295.00. Following the transaction, the chief operating officer now owns 98,347 shares of the company's stock, valued at approximately $11,309,905. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 4.70% of the company's stock.

THOR Industries Stock Down 2.8 %

NYSE THO traded down $2.87 during trading hours on Tuesday, hitting $99.84. The company's stock had a trading volume of 477,193 shares, compared to its average volume of 468,773. THOR Industries, Inc. has a 52 week low of $74.50 and a 52 week high of $129.31. The company has a market capitalization of $5.32 billion, a PE ratio of 19.81 and a beta of 1.78. The company has a current ratio of 1.75, a quick ratio of 0.65 and a debt-to-equity ratio of 0.35. The company's 50-day simple moving average is $113.74 and its two-hundred day simple moving average is $107.63.

THOR Industries (NYSE:THO - Get Free Report) last announced its quarterly earnings results on Wednesday, March 6th. The construction company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.54). THOR Industries had a net margin of 2.62% and a return on equity of 7.28%. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the previous year, the business posted $0.50 EPS. THOR Industries's revenue was down 5.9% compared to the same quarter last year. Research analysts anticipate that THOR Industries, Inc. will post 5.37 EPS for the current fiscal year.

THOR Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, April 8th. This represents a $1.92 annualized dividend and a dividend yield of 1.92%. THOR Industries's dividend payout ratio is currently 38.10%.

Analysts Set New Price Targets

Several analysts have recently commented on THO shares. Truist Financial raised their target price on THOR Industries from $96.00 to $105.00 and gave the company a "hold" rating in a research note on Tuesday, January 9th. Robert W. Baird raised their target price on THOR Industries from $115.00 to $120.00 and gave the company an "outperform" rating in a research note on Thursday, March 7th. TheStreet downgraded THOR Industries from a "b-" rating to a "c+" rating in a research note on Monday, March 18th. Finally, Citigroup upgraded THOR Industries from a "neutral" rating to a "buy" rating and raised their target price for the company from $111.00 to $122.00 in a research note on Friday, March 15th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $104.00.

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.