THOR Industries, Inc. (NYSE:THO) Shares Purchased by Heartland Advisors Inc.

Heartland Advisors Inc. increased its holdings in THOR Industries, Inc. (NYSE:THO - Free Report) by 83.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 136,236 shares of the construction company's stock after buying an additional 62,149 shares during the quarter. Heartland Advisors Inc. owned about 0.26% of THOR Industries worth $13,039,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of THO. Atala Financial Inc acquired a new stake in shares of THOR Industries in the fourth quarter worth $27,000. First Horizon Advisors Inc. raised its stake in shares of 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. Brooklyn Investment Group acquired a new position in shares of THOR Industries in the 3rd quarter valued at about $38,000. Stonebridge Financial Group LLC purchased a new stake in shares of THOR Industries in the fourth quarter worth about $51,000. Finally, Tortoise Investment Management LLC grew its holdings in THOR Industries by 78.3% during 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 period. 96.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on THO shares. Benchmark restated a "hold" rating on shares of THOR Industries in a research report on Tuesday, December 3rd. Citigroup lowered shares of THOR Industries from a "buy" rating to a "neutral" rating and dropped their price target for the company from $94.00 to $86.00 in a research report on Wednesday, March 19th. StockNews.com upgraded THOR Industries from a "sell" rating to a "hold" rating in a research note on Thursday, February 27th. KeyCorp reiterated an "underweight" rating and set a $65.00 price target on shares of THOR Industries in a research report on Thursday, March 20th. Finally, Truist Financial cut their price objective on THOR Industries from $110.00 to $90.00 and set a "hold" rating for the company in a research report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, THOR Industries currently has a consensus rating of "Hold" and a consensus price target of $93.00.

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THOR Industries Trading Up 1.0 %

THO stock traded up $0.75 during mid-day trading on Tuesday, hitting $76.56. 309,876 shares of the company were exchanged, compared to its average volume of 589,358. THOR Industries, Inc. has a 12-month low of $75.09 and a 12-month high of $118.85. The firm has a market capitalization of $4.07 billion, a P/E ratio of 19.60, a PEG ratio of 1.16 and a beta of 1.74. The business has a fifty day simple moving average of $93.59 and a 200-day simple moving average of $101.07. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26.

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 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 during the quarter, compared to analysts' expectations of $1.98 billion. During the same period in the previous year, the firm earned $0.13 EPS. The firm's revenue for the quarter was down 8.6% compared to the same quarter last year. On average, equities research analysts predict that THOR Industries, Inc. will post 4.64 earnings per share for the current fiscal 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. This represents a $2.00 annualized dividend and a dividend yield of 2.61%. The ex-dividend date of this dividend is Tuesday, April 8th. THOR Industries's payout ratio is 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.