Sapient Capital LLC Makes New Investment in THOR Industries, Inc. (NYSE:THO)

Sapient Capital LLC acquired a new position in shares of THOR Industries, Inc. (NYSE:THO - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 7,751 shares of the construction company's stock, valued at approximately $917,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. LVW Advisors LLC increased its holdings in shares of THOR Industries by 2.1% during the 4th quarter. LVW Advisors LLC now owns 4,430 shares of the construction company's stock worth $524,000 after buying an additional 91 shares during the last quarter. Fifth Third Bancorp boosted its position in THOR Industries by 13.8% during the 4th quarter. Fifth Third Bancorp now owns 766 shares of the construction company's stock worth $91,000 after purchasing an additional 93 shares during the period. State of Michigan Retirement System boosted its position in THOR Industries by 0.8% during the 4th quarter. State of Michigan Retirement System now owns 12,818 shares of the construction company's stock worth $1,516,000 after purchasing an additional 100 shares during the period. Arizona State Retirement System boosted its position in THOR Industries by 1.0% during the 3rd quarter. Arizona State Retirement System now owns 14,419 shares of the construction company's stock worth $1,372,000 after purchasing an additional 138 shares during the period. Finally, Smithfield Trust Co boosted its position in THOR Industries by 127.2% during 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 during the period. 96.71% of the stock is currently owned by institutional investors and hedge funds.

THOR Industries Stock Up 1.3 %

NYSE:THO traded up $1.24 on Friday, reaching $99.97. The stock had a trading volume of 500,947 shares, compared to its average volume of 466,771. 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 has a 50-day moving average of $108.80 and a 200 day moving average of $108.36. The stock has a market cap of $5.33 billion, a P/E ratio of 19.84 and a beta of 1.80. THOR Industries, Inc. has a 12-month low of $75.93 and a 12-month high of $129.31.

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 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 the consensus estimate of $2.27 billion. During the same period in the previous year, the business posted $0.50 EPS. The business's revenue for the quarter was down 5.9% on a year-over-year basis. On average, research analysts predict that THOR Industries, Inc. will post 5.37 earnings per share for the current year.

THOR Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders 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 payout ratio is 38.10%.

Analyst Upgrades and Downgrades

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