Kayne Anderson Rudnick Investment Management LLC Cuts Stock Holdings in THOR Industries, Inc. (NYSE:THO)

Kayne Anderson Rudnick Investment Management LLC cut its stake in shares of THOR Industries, Inc. (NYSE:THO - Free Report) by 5.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,174,322 shares of the construction company's stock after selling 274,150 shares during the quarter. Kayne Anderson Rudnick Investment Management LLC owned approximately 9.72% of THOR Industries worth $495,234,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in THO. ACR Alpine Capital Research LLC grew its holdings in THOR Industries by 40.6% during the 4th quarter. ACR Alpine Capital Research LLC now owns 2,142,966 shares of the construction company's stock worth $205,103,000 after acquiring an additional 619,318 shares in the last quarter. Timucuan Asset Management Inc. FL lifted its position 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 worth $195,130,000 after purchasing an additional 283,744 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of THOR Industries by 37.7% during the third quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company's stock worth $165,078,000 after purchasing an additional 411,466 shares in the last quarter. Madison Investment Advisors LLC purchased a new position in THOR Industries in the fourth quarter valued at $95,688,000. Finally, American Century Companies Inc. raised its stake 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 buying an additional 75,304 shares in the last quarter. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

THOR Industries Stock Performance

NYSE:THO traded up $2.18 during trading hours on Thursday, reaching $74.46. 555,250 shares of the company's stock were exchanged, compared to its average volume of 630,556. THOR Industries, Inc. has a 1-year low of $63.16 and a 1-year high of $118.85. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $3.96 billion, a price-to-earnings ratio of 19.04, a P/E/G ratio of 1.16 and a beta of 1.59. The company has a 50-day moving average of $81.47 and a 200 day moving average of $96.42.

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 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 analyst estimates 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% on a year-over-year basis. During the same quarter last year, the company posted $0.13 EPS. Research analysts anticipate that THOR Industries, Inc. will post 4.64 EPS for the current year.

THOR Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.69%. The ex-dividend date was Tuesday, April 8th. THOR Industries's dividend payout ratio (DPR) is presently 53.05%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on THO. Baird R W downgraded THOR Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. BMO Capital Markets dropped their price target on shares of THOR Industries from $120.00 to $105.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. DA Davidson upgraded shares of THOR Industries to a "hold" rating in a research report on Monday, April 14th. Citigroup downgraded shares of THOR Industries from a "buy" rating to a "neutral" rating and dropped their target price for the company from $94.00 to $86.00 in a research report on Wednesday, March 19th. Finally, KeyCorp reduced their price target on shares of THOR Industries from $65.00 to $60.00 and set an "underweight" rating for the company in a research report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $87.57.

THOR Industries 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.