THOR Industries, Inc. (NYSE:THO) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its holdings in shares of THOR Industries, Inc. (NYSE:THO - Free Report) by 0.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,930,535 shares of the construction company's stock after selling 11,339 shares during the period. Dimensional Fund Advisors LP owned approximately 5.51% of THOR Industries worth $280,478,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. ACR Alpine Capital Research LLC lifted its position in THOR Industries by 40.6% during the fourth quarter. ACR Alpine Capital Research LLC now owns 2,142,966 shares of the construction company's stock valued at $205,103,000 after purchasing an additional 619,318 shares during the period. Timucuan Asset Management Inc. FL boosted its stake in shares of THOR Industries by 16.2% in the 4th quarter. Timucuan Asset Management Inc. FL now owns 2,038,765 shares of the construction company's stock worth $195,130,000 after buying an additional 283,744 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of THOR Industries by 37.7% in the third quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company's stock worth $165,078,000 after acquiring an additional 411,466 shares during the period. Madison Investment Advisors LLC purchased a new stake in shares of THOR Industries during the 4th quarter valued at about $95,688,000. Finally, American Century Companies Inc. increased its position in shares of THOR Industries by 8.7% during the 4th quarter. American Century Companies Inc. now owns 939,146 shares of the construction company's stock valued at $89,886,000 after purchasing an additional 75,304 shares during the last quarter. Institutional investors own 96.71% of the company's stock.

THOR Industries Price Performance

Shares of THO stock traded down $0.55 during trading hours on Friday, hitting $73.96. The stock had a trading volume of 356,282 shares, compared to its average volume of 630,437. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78. The stock has a market capitalization of $3.93 billion, a price-to-earnings ratio of 18.92, a PEG ratio of 1.16 and a beta of 1.59. THOR Industries, Inc. has a one year low of $63.16 and a one year high of $118.85. The stock's 50-day moving average price is $80.88 and its two-hundred day moving average price is $96.19.

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 (EPS) for the quarter, missing the consensus estimate 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 net margin of 2.17% and a return on equity of 5.97%. The firm's quarterly revenue was down 8.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.13 earnings per share. Equities analysts forecast 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 $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend was Tuesday, April 8th. THOR Industries's dividend payout ratio (DPR) is 53.05%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on THO. Bank of America upgraded shares of THOR Industries from a "neutral" rating to a "buy" rating and lifted their price target for the stock from $110.00 to $125.00 in a research note on Monday, March 3rd. Citigroup cut THOR Industries from a "buy" rating to a "neutral" rating and reduced their price target for the stock from $94.00 to $86.00 in a research report on Wednesday, March 19th. KeyCorp cut their price objective on THOR Industries from $65.00 to $60.00 and set an "underweight" rating for the company in a research note on Thursday, April 17th. Truist Financial dropped 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 report on Monday, April 14th. Finally, DA Davidson upgraded shares of THOR Industries to a "hold" rating in a research report on Monday, April 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, THOR Industries presently has an average rating of "Hold" and an average 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.