Invesco Ltd. Sells 20,169 Shares of THOR Industries, Inc. (NYSE:THO)

Invesco Ltd. trimmed its stake in THOR Industries, Inc. (NYSE:THO - Free Report) by 11.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 161,818 shares of the construction company's stock after selling 20,169 shares during the period. Invesco Ltd. owned about 0.30% of THOR Industries worth $15,488,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in THO. JPMorgan Chase & Co. boosted its stake in shares of THOR Industries by 37.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company's stock valued at $165,078,000 after purchasing an additional 411,466 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in THOR Industries by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 611,890 shares of the construction company's stock worth $58,564,000 after purchasing an additional 10,455 shares in the last quarter. Amundi lifted its stake in THOR Industries by 26.2% in the fourth quarter. Amundi now owns 4,354 shares of the construction company's stock valued at $415,000 after buying an additional 905 shares during the period. Salvus Wealth Management LLC boosted its holdings in shares of THOR Industries by 19.4% during the 4th quarter. Salvus Wealth Management LLC now owns 42,168 shares of the construction company's stock worth $4,036,000 after buying an additional 6,838 shares in the last quarter. Finally, US Bancorp DE grew its position in shares of THOR Industries by 9.6% during the 4th quarter. US Bancorp DE now owns 3,667 shares of the construction company's stock worth $351,000 after buying an additional 322 shares during the period. Institutional investors own 96.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on THO. Citigroup lowered shares of THOR Industries from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $94.00 to $86.00 in a research note on Wednesday, March 19th. Truist Financial lowered their target price on shares of THOR Industries from $90.00 to $72.00 and set a "hold" rating for the company in a report on Monday, April 14th. KeyCorp cut their price target on shares of THOR Industries from $65.00 to $60.00 and set an "underweight" rating on the stock in a report on Thursday, April 17th. BMO Capital Markets decreased their price objective 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. Finally, DA Davidson raised THOR Industries to a "hold" rating in a report on Monday, April 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $87.57.

THOR Industries Price Performance

Shares of THOR Industries stock traded up $2.17 on Thursday, reaching $74.45. The stock had a trading volume of 300,566 shares, compared to its average volume of 629,926. The business's 50 day moving average is $81.47 and its two-hundred day moving average is $96.42. The company has a market cap of $3.96 billion, a P/E ratio of 19.03, a price-to-earnings-growth ratio of 1.16 and a beta of 1.59. THOR Industries, Inc. has a 1 year low of $63.16 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.

THOR Industries (NYSE:THO - Get Free Report) last posted its earnings results on Wednesday, March 5th. The construction company reported ($0.01) 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 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 quarter in the previous year, the firm earned $0.13 earnings per share. As a group, research analysts anticipate that THOR Industries, Inc. will post 4.64 EPS for the current year.

THOR Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.69%. The ex-dividend date was Tuesday, April 8th. THOR Industries's dividend payout ratio is currently 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.