LSV Asset Management Reduces Stake in THOR Industries, Inc. (NYSE:THO)

LSV Asset Management lessened its position in shares of THOR Industries, Inc. (NYSE:THO - Free Report) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 827,100 shares of the construction company's stock after selling 27,500 shares during the quarter. LSV Asset Management owned about 1.55% of THOR Industries worth $97,805,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Parkside Financial Bank & Trust grew its holdings in THOR Industries by 889.3% in the third quarter. Parkside Financial Bank & Trust now owns 277 shares of the construction company's stock worth $26,000 after purchasing an additional 249 shares during the last quarter. Smithfield Trust Co grew its holdings in THOR Industries by 127.2% in the third quarter. Smithfield Trust Co now owns 284 shares of the construction company's stock worth $27,000 after purchasing an additional 159 shares during the last quarter. GAMMA Investing LLC purchased a new position in THOR Industries in the fourth quarter worth $47,000. Planned Solutions Inc. purchased a new position in THOR Industries in the fourth quarter worth $62,000. Finally, Signaturefd LLC grew its holdings in shares of THOR Industries by 121.5% during the third quarter. Signaturefd LLC now owns 731 shares of the construction company's stock valued at $70,000 after buying an additional 401 shares during the last quarter. Hedge funds and other institutional investors own 96.71% of the company's stock.

THOR Industries Price Performance

Shares of THOR Industries stock traded up $1.24 during trading hours on Friday, reaching $99.97. The stock had a trading volume of 500,947 shares, compared to its average volume of 466,771. The stock's 50 day moving average is $108.80 and its 200 day moving average is $108.15. The firm has a market capitalization of $5.33 billion, a PE ratio of 19.84 and a beta of 1.80. THOR Industries, Inc. has a twelve month low of $75.93 and a twelve month high of $129.31. The company has a current ratio of 1.75, a quick ratio of 0.65 and a debt-to-equity ratio of 0.35.

THOR Industries (NYSE:THO - Get Free Report) last released 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 return on equity of 7.28% and a net margin of 2.62%. The company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same quarter last year, the company earned $0.50 EPS. The firm's revenue for the quarter was down 5.9% on a year-over-year basis. Equities analysts expect that THOR Industries, Inc. will post 5.37 earnings per share for the current fiscal year.

THOR Industries Dividend Announcement

The business 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. The ex-dividend date was Monday, April 8th. This represents a $1.92 annualized dividend and a dividend yield of 1.92%. THOR Industries's dividend payout ratio (DPR) is presently 38.10%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Citigroup raised shares of THOR Industries from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $111.00 to $122.00 in a report on Friday, March 15th. Truist Financial upped their price target on shares of THOR Industries from $96.00 to $105.00 and gave the company a "hold" rating in a report on Tuesday, January 9th. TheStreet lowered shares of THOR Industries from a "b-" rating to a "c+" rating in a report on Monday, March 18th. Finally, Robert W. Baird upped their price target on shares of THOR Industries from $115.00 to $120.00 and gave the company an "outperform" rating in a report on Thursday, March 7th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus 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.