KLP Kapitalforvaltning AS Invests $986,000 in THOR Industries, Inc. (NYSE:THO)

KLP Kapitalforvaltning AS bought a new stake in THOR Industries, Inc. (NYSE:THO - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 10,300 shares of the construction company's stock, valued at approximately $986,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Atala Financial Inc purchased a new position in shares of THOR Industries during the fourth quarter worth about $27,000. First Horizon Advisors Inc. grew its stake in shares of THOR Industries by 57.3% in the 4th quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company's stock valued at $32,000 after purchasing an additional 121 shares during the last quarter. Anchor Investment Management LLC acquired a new position in shares of THOR Industries in the third quarter valued at approximately $58,000. Stonebridge Financial Group LLC purchased a new stake in shares of THOR Industries during the fourth quarter worth approximately $51,000. Finally, Tortoise Investment Management LLC lifted its holdings in shares of 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 purchasing an additional 253 shares during the period. Hedge funds and other institutional investors own 96.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on THO. Truist Financial cut their price objective on shares of THOR Industries from $110.00 to $90.00 and set a "hold" rating for the company in a research report on Thursday, March 6th. DA Davidson reduced their price objective on shares of THOR Industries from $95.00 to $80.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. BMO Capital Markets dropped their target price on THOR Industries from $120.00 to $105.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. Bank of America raised THOR Industries from a "neutral" rating to a "buy" rating and raised their price target for the company from $110.00 to $125.00 in a report on Monday, March 3rd. Finally, StockNews.com raised THOR Industries from a "sell" rating to a "hold" rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $93.00.

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THOR Industries Price Performance

Shares of NYSE:THO traded down $6.01 on Thursday, hitting $72.87. The company had a trading volume of 395,377 shares, compared to its average volume of 591,314. The company has a market cap of $3.88 billion, a PE ratio of 18.64, a PEG ratio of 1.16 and a beta of 1.74. The business has a 50 day moving average of $92.58 and a 200 day moving average of $100.74. THOR Industries, Inc. has a 52-week low of $71.45 and a 52-week 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 released 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). The firm had revenue of $2.02 billion during the quarter, compared to analysts' expectations of $1.98 billion. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. THOR Industries's revenue for the quarter was down 8.6% on a year-over-year basis. During the same quarter last year, the company posted $0.13 earnings per share. As a group, equities analysts anticipate 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 issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.74%. The ex-dividend date is Tuesday, April 8th. 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.