Southernsun Asset Management LLC Has $16.50 Million Stake in THOR Industries, Inc. (NYSE:THO)

Southernsun Asset Management LLC lifted its stake in THOR Industries, Inc. (NYSE:THO - Free Report) by 3.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 172,365 shares of the construction company's stock after acquiring an additional 6,412 shares during the quarter. THOR Industries makes up 2.1% of Southernsun Asset Management LLC's portfolio, making the stock its 19th biggest holding. Southernsun Asset Management LLC owned 0.32% of THOR Industries worth $16,497,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the stock. Atala Financial Inc acquired a new position in THOR Industries during the fourth quarter worth $27,000. First Horizon Advisors Inc. increased its position in THOR Industries by 57.3% during the fourth quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company's stock worth $32,000 after buying an additional 121 shares during the last quarter. Brown Brothers Harriman & Co. increased its position in THOR Industries by 369.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 418 shares of the construction company's stock worth $40,000 after buying an additional 329 shares during the last quarter. Stonebridge Financial Group LLC acquired a new position in THOR Industries during the fourth quarter worth $51,000. Finally, Tortoise Investment Management LLC increased its position in THOR Industries by 78.3% during the fourth quarter. Tortoise Investment Management LLC now owns 576 shares of the construction company's stock worth $55,000 after buying an additional 253 shares during the last quarter. 96.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on THO shares. Baird R W cut shares of THOR Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. StockNews.com upgraded shares of THOR Industries from a "sell" rating to a "hold" rating in a research note on Thursday, February 27th. Truist Financial cut their price target on shares of THOR Industries from $90.00 to $72.00 and set a "hold" rating for the company in a research note on Monday, April 14th. DA Davidson upgraded shares of THOR Industries to a "hold" rating in a research note on Monday, April 14th. Finally, Robert W. Baird lowered shares of THOR Industries from an "outperform" rating to a "neutral" rating and dropped their price objective for the stock from $100.00 to $85.00 in a report on Friday, April 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $87.57.

THOR Industries Trading Down 0.7 %

THO traded down $0.55 during mid-day trading on Friday, reaching $73.96. The stock had a trading volume of 356,282 shares, compared to its average volume of 631,707. The stock has a market capitalization of $3.93 billion, a P/E ratio of 18.92, a P/E/G ratio of 1.16 and a beta of 1.59. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71. The firm's fifty day simple moving average is $80.28 and its two-hundred day simple moving average is $95.82. THOR Industries, Inc. has a 52 week low of $63.16 and a 52 week high of $118.85.

THOR Industries (NYSE:THO - Get Free Report) last posted its quarterly earnings results on Wednesday, March 5th. The construction company reported ($0.01) earnings per share (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 company had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the business earned $0.13 earnings per share. The firm's revenue for the quarter was down 8.6% on a year-over-year basis. On average, equities analysts predict that THOR Industries, Inc. will post 4.64 EPS for the current year.

THOR Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend was Tuesday, April 8th. THOR Industries's payout ratio is presently 53.05%.

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.