Impact Capital Partners LLC Makes New Investment in THOR Industries, Inc. (NYSE:THO)

Impact Capital Partners LLC purchased a new stake in THOR Industries, Inc. (NYSE:THO - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 4,906 shares of the construction company's stock, valued at approximately $470,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Van ECK Associates Corp purchased a new position in THOR Industries in the 3rd quarter worth approximately $32,000. First Horizon Advisors Inc. lifted its stake in THOR Industries by 57.3% in the 4th quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company's stock worth $32,000 after purchasing an additional 121 shares in the last quarter. Brooklyn Investment Group purchased a new position in THOR Industries in the 3rd quarter worth approximately $38,000. Stonebridge Financial Group LLC purchased a new position in THOR Industries in the 4th quarter worth approximately $51,000. Finally, Tortoise Investment Management LLC lifted its stake 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 owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on THO. StockNews.com raised shares of THOR Industries from a "sell" rating to a "hold" rating in a research note on Thursday, February 27th. Robert W. Baird cut their price target on shares of THOR Industries from $110.00 to $100.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. DA Davidson cut their price target on shares of THOR Industries from $95.00 to $80.00 and set a "neutral" rating for the company in a report on Friday, March 7th. Truist Financial cut their price target on shares of THOR Industries from $110.00 to $90.00 and set a "hold" rating for the company in a report on Thursday, March 6th. Finally, Benchmark restated a "hold" rating on shares of THOR Industries in a report on Tuesday, December 3rd. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $104.00.

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THOR Industries Trading Up 0.1 %

THOR Industries stock traded up $0.12 during trading on Tuesday, hitting $81.92. The company had a trading volume of 633,497 shares, compared to its average volume of 788,636. THOR Industries, Inc. has a 1-year low of $75.78 and a 1-year high of $118.85. 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 company's 50 day simple moving average is $97.24 and its 200-day simple moving average is $102.68. The stock has a market cap of $4.36 billion, a price-to-earnings ratio of 20.95, a price-to-earnings-growth ratio of 1.16 and a beta of 1.74.

THOR Industries (NYSE:THO - Get Free Report) last posted its earnings results 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). THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter last year, the business posted $0.13 EPS. The firm's revenue for the quarter was down 8.6% on a year-over-year basis. As a group, analysts expect that THOR Industries, Inc. will post 4.64 EPS for the current fiscal year.

THOR Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, January 6th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.00 annualized dividend and a dividend yield of 2.44%. THOR Industries's dividend payout ratio (DPR) is 53.05%.

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.