Jump Financial LLC Boosts Stock Position in THOR Industries, Inc. (NYSE:THO)

Jump Financial LLC increased its stake in THOR Industries, Inc. (NYSE:THO - Free Report) by 75.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,636 shares of the construction company's stock after acquiring an additional 6,725 shares during the quarter. Jump Financial LLC's holdings in THOR Industries were worth $1,497,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of THO. ACR Alpine Capital Research LLC grew its position in THOR Industries by 40.6% in 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 buying an additional 619,318 shares during the last quarter. Timucuan Asset Management Inc. FL increased its stake in shares of THOR Industries by 16.2% during the 4th quarter. Timucuan Asset Management Inc. FL now owns 2,038,765 shares of the construction company's stock valued at $195,130,000 after acquiring an additional 283,744 shares during the last quarter. JPMorgan Chase & Co. lifted 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 in the last quarter. Madison Investment Advisors LLC acquired a new stake in THOR Industries in the fourth quarter valued at approximately $95,688,000. Finally, American Century Companies Inc. boosted its holdings in THOR Industries by 8.7% in the fourth quarter. American Century Companies Inc. now owns 939,146 shares of the construction company's stock valued at $89,886,000 after purchasing an additional 75,304 shares during the last quarter. Institutional investors and hedge funds own 96.71% of the company's stock.

THOR Industries Stock Performance

NYSE THO traded up $2.18 during trading on Thursday, reaching $74.46. 448,752 shares of the company's stock were exchanged, compared to its average volume of 630,556. The stock has a market capitalization of $3.96 billion, a P/E ratio of 19.04, a PEG ratio of 1.16 and a beta of 1.59. The business has a 50 day moving average price of $81.47 and a 200-day moving average price of $96.42. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78. THOR Industries, Inc. has a fifty-two week low of $63.16 and a fifty-two week high of $118.85.

THOR Industries (NYSE:THO - Get Free Report) last released 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). 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 for the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the business earned $0.13 EPS. The company's revenue was down 8.6% compared to the same quarter last year. Sell-side 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 disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were given a $0.50 dividend. The ex-dividend date was Tuesday, April 8th. This represents a $2.00 annualized dividend and a yield of 2.69%. THOR Industries's dividend payout ratio is currently 53.05%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Truist Financial reduced 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 note on Monday, April 14th. BMO Capital Markets reduced their price target on THOR Industries from $120.00 to $105.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Bank of America raised THOR Industries from a "neutral" rating to a "buy" rating and raised their price objective for the company from $110.00 to $125.00 in a research note on Monday, March 3rd. Baird R W lowered shares of THOR Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. Finally, KeyCorp decreased their target price on shares of THOR Industries from $65.00 to $60.00 and set an "underweight" rating on the stock in a research report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $87.57.

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.