Barclays PLC Cuts Stake in THOR Industries, Inc. (NYSE:THO)

Barclays PLC trimmed its holdings in THOR Industries, Inc. (NYSE:THO - Free Report) by 26.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 75,473 shares of the construction company's stock after selling 26,459 shares during the period. Barclays PLC owned 0.14% of THOR Industries worth $7,223,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Atala Financial Inc purchased a new position in shares of THOR Industries during the 4th quarter worth approximately $27,000. First Horizon Advisors Inc. grew its holdings in THOR Industries by 57.3% during the 4th quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company's stock valued at $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 in the last quarter. Stonebridge Financial Group LLC purchased a new position in THOR Industries during the fourth quarter worth $51,000. Finally, Tortoise Investment Management LLC raised its holdings in shares of THOR Industries by 78.3% in the fourth quarter. Tortoise Investment Management LLC now owns 576 shares of the construction company's stock worth $55,000 after acquiring an additional 253 shares during the last quarter. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

THOR Industries Trading Down 1.1 %

Shares of THO traded down $0.78 during trading hours on Monday, hitting $73.10. The stock had a trading volume of 342,675 shares, compared to its average volume of 630,550. THOR Industries, Inc. has a 12-month low of $63.16 and a 12-month high of $118.85. The firm has a market cap of $3.89 billion, a P/E ratio of 18.70, 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 company's fifty day simple moving average is $80.28 and its 200 day simple moving average is $95.82.

THOR Industries (NYSE:THO - Get Free Report) last announced its quarterly 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). The firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.98 billion. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The business's revenue was down 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.13 earnings per share. Equities research analysts forecast that THOR Industries, Inc. will post 4.64 EPS for the current fiscal year.

THOR Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, April 8th. This represents a $2.00 annualized dividend and a yield of 2.74%. THOR Industries's dividend payout ratio is currently 53.05%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on THO. Robert W. Baird downgraded shares of THOR Industries from an "outperform" rating to a "neutral" rating and cut their target price for the company from $100.00 to $85.00 in a research note on Friday, April 4th. KeyCorp reduced their price objective on shares of THOR Industries from $65.00 to $60.00 and set an "underweight" rating on the stock in a research note on Thursday, April 17th. Bank of America raised shares of THOR Industries from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $110.00 to $125.00 in a research note on Monday, March 3rd. Truist Financial reduced their price target on THOR Industries from $90.00 to $72.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Finally, Baird R W downgraded THOR Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, THOR Industries currently has a consensus rating of "Hold" and an average target price of $87.57.

THOR Industries 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.