ExodusPoint Capital Management LP Lowers Holdings in THOR Industries, Inc. (NYSE:THO)

ExodusPoint Capital Management LP cut its position in THOR Industries, Inc. (NYSE:THO - Free Report) by 64.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,416 shares of the construction company's stock after selling 28,459 shares during the period. ExodusPoint Capital Management LP's holdings in THOR Industries were worth $1,475,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of THO. Atala Financial Inc acquired a new stake in THOR Industries during the 4th quarter worth about $27,000. First Horizon Advisors Inc. grew its holdings in THOR Industries by 57.3% during the fourth quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company's stock worth $32,000 after acquiring an additional 121 shares during the period. Brown Brothers Harriman & Co. raised 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 valued at $40,000 after acquiring an additional 329 shares in the last quarter. Stonebridge Financial Group LLC acquired a new position in THOR Industries in the fourth quarter valued at approximately $51,000. Finally, Tortoise Investment Management LLC boosted its position in THOR Industries by 78.3% in the 4th quarter. Tortoise Investment Management LLC now owns 576 shares of the construction company's stock worth $55,000 after purchasing an additional 253 shares in the last quarter. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

THOR Industries Price Performance

Shares of NYSE:THO traded down $1.93 during trading on Tuesday, reaching $68.31. The stock had a trading volume of 161,058 shares, compared to its average volume of 618,003. The business has a fifty day moving average price of $85.97 and a 200-day moving average price of $98.18. THOR Industries, Inc. has a 1-year low of $63.16 and a 1-year high of $118.85. 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 stock has a market cap of $3.63 billion, a PE ratio of 17.46, a PEG ratio of 1.16 and a beta of 1.59.

THOR Industries (NYSE:THO - Get Free Report) last released its earnings results on Wednesday, March 5th. The construction company reported ($0.01) earnings per share (EPS) 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 quarterly revenue was down 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $0.13 EPS. On average, equities analysts forecast that THOR Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

THOR Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date is Tuesday, April 8th. THOR Industries's dividend payout ratio (DPR) is 53.05%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the stock. BMO Capital Markets decreased their target price on shares of THOR Industries from $120.00 to $105.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Truist Financial lowered their target price on shares of THOR Industries from $90.00 to $72.00 and set a "hold" rating on the stock in a research note on Monday. StockNews.com upgraded THOR Industries from a "sell" rating to a "hold" rating in a research note on Thursday, February 27th. Bank of America upgraded THOR Industries from a "neutral" rating to a "buy" rating and increased their price target for the stock from $110.00 to $125.00 in a research report on Monday, March 3rd. Finally, DA Davidson upgraded THOR Industries to a "hold" rating in a research report on Monday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $88.29.

About THOR Industries

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.