22,500 Shares in THOR Industries, Inc. (NYSE:THO) Purchased by Panoramic Capital LLC

Panoramic Capital LLC acquired a new position in THOR Industries, Inc. (NYSE:THO - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 22,500 shares of the construction company's stock, valued at approximately $2,153,000. THOR Industries makes up 1.2% of Panoramic Capital LLC's holdings, making the stock its 23rd biggest holding.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Atala Financial Inc bought a new stake in THOR Industries during the fourth quarter worth approximately $27,000. First Horizon Advisors Inc. lifted its position in THOR Industries by 57.3% in the 4th quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company's stock worth $32,000 after buying an additional 121 shares in the last quarter. Brown Brothers Harriman & Co. raised its holdings in shares of THOR Industries by 369.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 418 shares of the construction company's stock valued at $40,000 after purchasing an additional 329 shares in the last quarter. Stonebridge Financial Group LLC bought a new position in shares of THOR Industries during the 4th quarter valued at $51,000. Finally, Tortoise Investment Management LLC raised its holdings in shares of THOR Industries by 78.3% during the 4th quarter. Tortoise Investment Management LLC now owns 576 shares of the construction company's stock valued at $55,000 after purchasing an additional 253 shares in the last quarter. Institutional investors own 96.71% of the company's stock.

THOR Industries Trading Up 1.1%

NYSE THO traded up $0.87 during trading on Friday, reaching $82.37. 618,842 shares of the stock traded hands, compared to its average volume of 639,222. The firm has a market cap of $4.38 billion, a price-to-earnings ratio of 21.07, a price-to-earnings-growth ratio of 1.16 and a beta of 1.26. THOR Industries, Inc. has a fifty-two week low of $63.16 and a fifty-two week high of $118.85. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. The stock's 50-day moving average price is $75.04 and its 200 day moving average price is $92.62.

THOR Industries (NYSE:THO - Get Free Report) last announced its earnings results on Wednesday, March 5th. The construction company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.08). THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the previous year, the company posted $0.13 EPS. The business's revenue for the quarter was down 8.6% compared to the same quarter last year. Analysts predict that THOR Industries, Inc. will post 4.64 EPS for the current year.

THOR Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.43%. The ex-dividend date of this dividend was Tuesday, April 8th. THOR Industries's dividend payout ratio (DPR) is currently 53.05%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on THO shares. StockNews.com upgraded shares of THOR Industries from a "sell" rating to a "hold" rating in a research report on Thursday, February 27th. BMO Capital Markets dropped their target price on shares of THOR Industries from $120.00 to $105.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. DA Davidson raised shares of THOR Industries to a "hold" rating in a research note on Monday, April 14th. Bank of America raised shares of THOR Industries from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $110.00 to $125.00 in a research note on Monday, March 3rd. Finally, Citigroup downgraded shares of THOR Industries from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $94.00 to $86.00 in a research note on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, THOR Industries currently has an average rating of "Hold" and a consensus target price of $87.57.

About THOR Industries

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.