THOR Industries, Inc. (NYSE:THO) Holdings Boosted by ACR Alpine Capital Research LLC

ACR Alpine Capital Research LLC grew its stake in shares of THOR Industries, Inc. (NYSE:THO - Free Report) by 1.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,472,852 shares of the construction company's stock after buying an additional 22,542 shares during the quarter. THOR Industries accounts for 5.9% of ACR Alpine Capital Research LLC's investment portfolio, making the stock its 9th biggest position. ACR Alpine Capital Research LLC owned 2.76% of THOR Industries worth $174,165,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Parkside Financial Bank & Trust raised 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 acquiring an additional 249 shares in the last quarter. 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 valued at $27,000 after buying an additional 159 shares during the period. GAMMA Investing LLC bought a new stake in THOR Industries in the 4th quarter worth $47,000. Planned Solutions Inc. purchased a new position in shares of THOR Industries in the fourth quarter valued at about $62,000. Finally, Signaturefd LLC raised its stake 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 acquiring an additional 401 shares during the last quarter. Hedge funds and other institutional investors own 96.71% of the company's stock.

THOR Industries Stock Up 0.6 %

Shares of NYSE:THO traded up $0.64 on Tuesday, hitting $101.37. 396,967 shares of the company traded hands, compared to its average volume of 466,186. The company has a market cap of $5.41 billion, a PE ratio of 20.19 and a beta of 1.80. The stock has a 50 day simple moving average of $108.29 and a 200-day simple moving average of $108.44. 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.

THOR Industries (NYSE:THO - Get Free Report) last issued its 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 net margin of 2.62% and a return on equity of 7.28%. The business had revenue of $2.21 billion for the quarter, compared to analysts' expectations of $2.27 billion. During the same quarter in the prior year, the business posted $0.50 earnings per share. The business's revenue for the quarter was down 5.9% on a year-over-year basis. As a group, research analysts expect that THOR Industries, Inc. will post 5.37 earnings per share for the current year.

THOR Industries Announces Dividend

The company also recently disclosed 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 yield of 1.89%. The ex-dividend date was Monday, April 8th. THOR Industries's dividend payout ratio (DPR) is presently 38.10%.

Analyst Ratings Changes

Several research firms have weighed in on THO. Truist Financial increased their price objective on THOR Industries from $96.00 to $105.00 and gave the stock a "hold" rating in a report on Tuesday, January 9th. Citigroup upgraded THOR Industries from a "neutral" rating to a "buy" rating and lifted their price target for the company from $111.00 to $122.00 in a research report on Friday, March 15th. Robert W. Baird raised their price objective on THOR Industries from $115.00 to $120.00 and gave the company an "outperform" rating in a research report on Thursday, March 7th. Finally, TheStreet downgraded shares of THOR Industries from a "b-" rating to a "c+" rating in a research report on Monday, March 18th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average 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.