Schonfeld Strategic Advisors LLC Raises Stake in THOR Industries, Inc. (NYSE:THO)

Schonfeld Strategic Advisors LLC raised its holdings in THOR Industries, Inc. (NYSE:THO - Free Report) by 148.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,959 shares of the construction company's stock after acquiring an additional 3,559 shares during the period. Schonfeld Strategic Advisors LLC's holdings in THOR Industries were worth $570,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Atala Financial Inc bought a new stake in shares of THOR Industries in the fourth quarter valued at about $27,000. First Horizon Advisors Inc. boosted its position in THOR Industries by 57.3% during the 4th quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company's stock worth $32,000 after acquiring an additional 121 shares during the last quarter. Brown Brothers Harriman & Co. boosted its position in THOR Industries by 369.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 418 shares of the construction company's stock worth $40,000 after acquiring an additional 329 shares during the last quarter. Stonebridge Financial Group LLC bought a new position in THOR Industries in the fourth quarter valued at $51,000. Finally, Tortoise Investment Management LLC grew its position in THOR Industries by 78.3% in the fourth 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. 96.71% of the stock is currently owned by institutional investors.

THOR Industries Trading Up 5.5%

NYSE:THO traded up $4.22 during trading hours on Monday, hitting $80.79. 1,050,895 shares of the company were exchanged, compared to its average volume of 633,977. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 20.66, a price-to-earnings-growth ratio of 1.16 and a beta of 1.26. THOR Industries, Inc. has a one year low of $63.16 and a one year high of $118.85. The company has a fifty day simple moving average of $75.15 and a 200 day simple moving average of $93.13. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26.

THOR Industries (NYSE:THO - Get Free Report) last announced its earnings results on Wednesday, March 5th. The construction company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.08). THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the prior year, the business earned $0.13 EPS. THOR Industries's quarterly revenue was down 8.6% on a year-over-year basis. Sell-side analysts expect that THOR Industries, Inc. will post 4.64 EPS for the current fiscal year.

THOR Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.48%. The ex-dividend date was Tuesday, April 8th. THOR Industries's dividend payout ratio (DPR) is 53.05%.

Analyst Ratings Changes

Several research analysts have recently commented on THO shares. Baird R W downgraded THOR Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. BMO Capital Markets dropped their price objective on shares of THOR Industries from $120.00 to $105.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. StockNews.com raised shares of THOR Industries from a "sell" rating to a "hold" rating in a report on Thursday, February 27th. DA Davidson upgraded shares of THOR Industries to a "hold" rating in a research note on Monday, April 14th. Finally, Truist Financial cut their price objective on shares of THOR Industries from $90.00 to $72.00 and set a "hold" rating for the company in a research report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $87.57.

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.