Bryce Point Capital LLC acquired a new position in THOR Industries, Inc. (NYSE:THO - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,285 shares of the construction company's stock, valued at approximately $506,000.
Other institutional investors have also recently bought and sold shares of the company. FMR LLC boosted its holdings in shares of THOR Industries by 8.0% in the 3rd quarter. FMR LLC now owns 29,716 shares of the construction company's stock worth $3,265,000 after buying an additional 2,205 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in THOR Industries by 8.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,884 shares of the construction company's stock worth $1,306,000 after acquiring an additional 949 shares during the period. Captrust Financial Advisors boosted its stake in THOR Industries by 21.1% in the third quarter. Captrust Financial Advisors now owns 2,992 shares of the construction company's stock valued at $329,000 after acquiring an additional 521 shares during the last quarter. Hilltop Holdings Inc. bought a new position in shares of THOR Industries during the 3rd quarter valued at approximately $225,000. Finally, HighTower Advisors LLC increased its stake in shares of THOR Industries by 20.4% during the 3rd quarter. HighTower Advisors LLC now owns 21,402 shares of the construction company's stock worth $2,343,000 after purchasing an additional 3,621 shares during the last quarter. Institutional investors own 96.71% of the company's stock.
Wall Street Analyst Weigh In
Several analysts have issued reports on the company. Robert W. Baird lowered THOR Industries from an "outperform" rating to a "neutral" rating and lowered their target price for the company from $100.00 to $85.00 in a research note on Friday. DA Davidson dropped their price objective on shares of THOR Industries from $95.00 to $80.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Truist Financial reduced their target price on shares of THOR Industries from $110.00 to $90.00 and set a "hold" rating for the company in a research note on Thursday, March 6th. KeyCorp restated an "underweight" rating and set a $65.00 price target on shares of THOR Industries in a research note on Thursday, March 20th. Finally, Bank of America upgraded shares of THOR Industries from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $110.00 to $125.00 in a research note on Monday, March 3rd. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $90.86.
Check Out Our Latest Stock Report on THO
THOR Industries Price Performance
Shares of NYSE:THO traded up $0.30 during trading on Friday, reaching $71.33. The company had a trading volume of 1,180,554 shares, compared to its average volume of 599,709. The company has a fifty day moving average of $91.38 and a two-hundred day moving average of $100.26. 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 stock has a market capitalization of $3.80 billion, a P/E ratio of 18.24, a price-to-earnings-growth ratio of 1.16 and a beta of 1.59. THOR Industries, Inc. has a 12 month low of $66.00 and a 12 month high of $118.85.
THOR Industries (NYSE:THO - Get Free Report) last released 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). THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The firm had revenue of $2.02 billion for the quarter, compared to analysts' expectations of $1.98 billion. During the same quarter in the previous year, the business earned $0.13 EPS. The company's revenue for the quarter was down 8.6% on a year-over-year basis. Equities research analysts forecast that THOR Industries, Inc. will post 4.64 earnings per share for the current year.
THOR Industries Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, April 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.80%. THOR Industries's dividend payout ratio (DPR) is 53.05%.
About THOR Industries
(
Free Report)
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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