South Dakota Investment Council Sells 14,410 Shares of THOR Industries, Inc. (NYSE:THO)

South Dakota Investment Council trimmed its stake in THOR Industries, Inc. (NYSE:THO - Free Report) by 30.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 32,437 shares of the construction company's stock after selling 14,410 shares during the quarter. South Dakota Investment Council owned 0.06% of THOR Industries worth $3,836,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also made changes to their positions in THO. IFP Advisors Inc increased its holdings in THOR Industries by 36.6% in the third quarter. IFP Advisors Inc now owns 1,056 shares of the construction company's stock worth $101,000 after buying an additional 283 shares during the last quarter. SG Americas Securities LLC acquired a new position in THOR Industries in the third quarter worth approximately $100,000. DAVENPORT & Co LLC increased its holdings in THOR Industries by 1.5% in the third quarter. DAVENPORT & Co LLC now owns 13,609 shares of the construction company's stock worth $1,295,000 after buying an additional 197 shares during the last quarter. Oak Thistle LLC acquired a new position in THOR Industries in the third quarter worth approximately $744,000. Finally, Simplicity Solutions LLC increased its holdings in THOR Industries by 13.7% in the third quarter. Simplicity Solutions LLC now owns 8,260 shares of the construction company's stock worth $786,000 after buying an additional 994 shares during the last quarter. 96.71% of the stock is owned by hedge funds and other institutional investors.

THOR Industries Stock Performance

THO traded down $2.95 during trading on Thursday, reaching $100.71. 516,357 shares of the company's stock were exchanged, compared to its average volume of 466,477. THOR Industries, Inc. has a fifty-two week low of $74.50 and a fifty-two week high of $129.31. The company has a quick ratio of 0.65, a current ratio of 1.75 and a debt-to-equity ratio of 0.35. The business has a 50 day moving average price of $111.72 and a 200 day moving average price of $107.86. The company has a market capitalization of $5.37 billion, a P/E ratio of 19.98 and a beta of 1.78.

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

THOR Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th were paid a $0.48 dividend. The ex-dividend date was Monday, April 8th. This represents a $1.92 annualized dividend and a dividend yield of 1.91%. THOR Industries's dividend payout ratio is presently 38.10%.

Wall Street Analyst Weigh In

THO has been the topic of several analyst reports. Citigroup upgraded THOR Industries from a "neutral" rating to a "buy" rating and increased their price target for the company from $111.00 to $122.00 in a report on Friday, March 15th. Robert W. Baird lifted their price target on shares of THOR Industries from $115.00 to $120.00 and gave the company an "outperform" rating in a research report on Thursday, March 7th. TheStreet lowered shares of THOR Industries from a "b-" rating to a "c+" rating in a research report on Monday, March 18th. Finally, Truist Financial lifted their price target on shares of THOR Industries from $96.00 to $105.00 and gave the company a "hold" rating in a research report on Tuesday, January 9th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" 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.