3,856 Shares in THOR Industries, Inc. (NYSE:THO) Purchased by AlphaQuest LLC

AlphaQuest LLC bought a new stake in shares of THOR Industries, Inc. (NYSE:THO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,856 shares of the construction company's stock, valued at approximately $369,000.

Several other hedge funds also recently bought and sold shares of the business. Van ECK Associates Corp bought a new position in shares of THOR Industries in the third quarter worth about $32,000. First Horizon Advisors Inc. boosted its holdings in shares of THOR Industries by 57.3% in the fourth quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company's stock valued at $32,000 after purchasing an additional 121 shares during the period. Brooklyn Investment Group bought a new position in THOR Industries in the third quarter worth approximately $38,000. Stonebridge Financial Group LLC purchased a new position in THOR Industries during the 4th quarter worth $51,000. Finally, Anchor Investment Management LLC bought a new stake in THOR Industries during the 3rd quarter valued at $58,000. Institutional investors own 96.71% of the company's stock.

THOR Industries Stock Performance

Shares of THO stock opened at $76.76 on Friday. THOR Industries, Inc. has a 12-month low of $75.78 and a 12-month high of $118.85. The business's fifty day simple moving average is $98.20 and its 200-day simple moving average is $103.30. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26. The company has a market cap of $4.08 billion, a PE ratio of 19.63, a PEG ratio of 1.16 and a beta of 1.74.

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THOR Industries (NYSE:THO - Get Free Report) last issued its quarterly 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). The business had revenue of $2.02 billion for the quarter, compared to analysts' expectations of $1.98 billion. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. THOR Industries's revenue was down 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 EPS. Analysts expect that THOR Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

THOR Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, January 6th were paid a $0.50 dividend. The ex-dividend date was Monday, January 6th. This represents a $2.00 dividend on an annualized basis and a yield of 2.61%. THOR Industries's dividend payout ratio (DPR) is 53.05%.

Analyst Ratings Changes

THO has been the topic of several research reports. Robert W. Baird cut their price target on THOR Industries from $110.00 to $100.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. BMO Capital Markets reduced their price target on shares of THOR Industries from $120.00 to $105.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. StockNews.com raised shares of THOR Industries from a "sell" rating to a "hold" rating in a research report on Thursday, February 27th. Truist Financial cut their price objective on shares of THOR Industries from $110.00 to $90.00 and set a "hold" rating on the stock in a report on Thursday, March 6th. Finally, DA Davidson lowered their target price on THOR Industries from $95.00 to $80.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently 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.

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