Choreo LLC Purchases 53,263 Shares of THOR Industries, Inc. (NYSE:THO)

Choreo LLC raised its stake in THOR Industries, Inc. (NYSE:THO - Free Report) by 23.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 282,102 shares of the construction company's stock after purchasing an additional 53,263 shares during the period. THOR Industries accounts for approximately 0.9% of Choreo LLC's investment portfolio, making the stock its 29th biggest position. Choreo LLC owned approximately 0.53% of THOR Industries worth $33,494,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Parkside Financial Bank & Trust grew its stake in shares of THOR Industries by 889.3% during the third quarter. Parkside Financial Bank & Trust now owns 277 shares of the construction company's stock worth $26,000 after buying an additional 249 shares during the last quarter. Smithfield Trust Co increased its holdings in THOR Industries by 127.2% in the 3rd quarter. Smithfield Trust Co now owns 284 shares of the construction company's stock worth $27,000 after purchasing an additional 159 shares in the last quarter. GAMMA Investing LLC acquired a new position in THOR Industries in the 4th quarter worth about $47,000. Planned Solutions Inc. acquired a new position in THOR Industries in the 4th quarter worth about $62,000. Finally, Signaturefd LLC increased its holdings in THOR Industries by 121.5% in the 3rd quarter. Signaturefd LLC now owns 731 shares of the construction company's stock worth $70,000 after purchasing an additional 401 shares in the last quarter. 96.71% of the stock is currently owned by institutional investors and hedge funds.

THOR Industries Stock Up 2.1 %

NYSE:THO traded up $2.16 on Monday, hitting $102.75. The stock had a trading volume of 543,877 shares, compared to its average volume of 466,969. THOR Industries, Inc. has a 52 week low of $75.93 and a 52 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's fifty day moving average is $110.62 and its 200 day moving average is $108.17. The company has a market cap of $5.48 billion, a PE ratio of 20.39 and a beta of 1.78.

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

THOR Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date was Monday, April 8th. THOR Industries's payout ratio is 38.10%.

Analyst Ratings Changes

THO has been the subject of several recent research reports. TheStreet cut THOR Industries from a "b-" rating to a "c+" rating in a research note on Monday, March 18th. Robert W. Baird increased their price target on THOR Industries from $115.00 to $120.00 and gave the company an "outperform" rating in a research note on Thursday, March 7th. Citigroup raised 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 research note on Friday, March 15th. Finally, Truist Financial increased their price target on THOR Industries from $96.00 to $105.00 and gave the company a "hold" rating in a research note on Tuesday, January 9th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.