Envestnet Asset Management Inc. Has $65.37 Million Holdings in THOR Industries, Inc. (NYSE:THO)

Envestnet Asset Management Inc. lifted its holdings in THOR Industries, Inc. (NYSE:THO - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 682,992 shares of the construction company's stock after purchasing an additional 15,033 shares during the period. Envestnet Asset Management Inc. owned 1.28% of THOR Industries worth $65,369,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Madison Investment Advisors LLC bought a new position in THOR Industries during the fourth quarter valued at about $95,688,000. ACR Alpine Capital Research LLC increased its holdings in shares of THOR Industries by 40.6% during the 4th quarter. ACR Alpine Capital Research LLC now owns 2,142,966 shares of the construction company's stock valued at $205,103,000 after acquiring an additional 619,318 shares during the last quarter. Norges Bank bought a new position in shares of THOR Industries in the 4th quarter valued at approximately $54,754,000. Raymond James Financial Inc. acquired a new stake in THOR Industries in the 4th quarter worth approximately $52,497,000. Finally, JPMorgan Chase & Co. boosted its position in THOR Industries by 37.7% during the third quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company's stock worth $165,078,000 after purchasing an additional 411,466 shares during the period. 96.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Robert W. Baird lowered shares of THOR Industries from an "outperform" rating to a "neutral" rating and dropped their price target for the company from $100.00 to $85.00 in a research report on Friday, April 4th. Truist Financial cut their target price 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. KeyCorp restated an "underweight" rating and set a $65.00 price target on shares of THOR Industries in a report on Thursday, March 20th. DA Davidson raised THOR Industries to a "hold" rating in a research report on Monday. Finally, StockNews.com upgraded THOR Industries from a "sell" rating to a "hold" rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $88.29.

THOR Industries Stock Performance

Shares of NYSE THO traded down $1.86 during mid-day trading on Tuesday, hitting $68.38. The company had a trading volume of 161,058 shares, compared to its average volume of 618,003. THOR Industries, Inc. has a 12 month low of $63.16 and a 12 month high of $118.85. 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 firm has a market cap of $3.64 billion, a P/E ratio of 17.46, a PEG ratio of 1.16 and a beta of 1.59. The business's 50-day simple moving average is $85.97 and its 200-day simple moving average is $98.18.

THOR Industries (NYSE:THO - Get Free Report) last announced its quarterly earnings data on Wednesday, March 5th. The construction company reported ($0.01) earnings per share 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%. THOR Industries's revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.13 EPS. As a group, analysts predict that THOR Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

THOR Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.93%. The ex-dividend date is Tuesday, April 8th. THOR Industries's dividend payout ratio (DPR) 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.