Legal & General Group Plc Sells 5,757 Shares of THOR Industries, Inc. (NYSE:THO)

Legal & General Group Plc cut its holdings in THOR Industries, Inc. (NYSE:THO - Free Report) by 5.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 106,986 shares of the construction company's stock after selling 5,757 shares during the quarter. Legal & General Group Plc owned 0.20% of THOR Industries worth $10,240,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Atala Financial Inc bought a new stake in THOR Industries in the 4th quarter valued at about $27,000. First Horizon Advisors Inc. increased its holdings in shares of THOR Industries by 57.3% during the fourth quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company's stock valued at $32,000 after acquiring an additional 121 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of THOR Industries by 369.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 418 shares of the construction company's stock valued at $40,000 after acquiring an additional 329 shares in the last quarter. Stonebridge Financial Group LLC acquired a new position 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% 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 currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on THO shares. Baird R W lowered shares of THOR Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Citigroup lowered THOR Industries from a "buy" rating to a "neutral" rating and decreased their price objective for the stock from $94.00 to $86.00 in a report on Wednesday, March 19th. BMO Capital Markets lowered their price objective on THOR Industries from $120.00 to $105.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Truist Financial cut their target price on THOR Industries from $90.00 to $72.00 and set a "hold" rating on the stock in a research report on Monday, April 14th. Finally, Bank of America raised THOR Industries from a "neutral" rating to a "buy" rating and increased their price target for the company from $110.00 to $125.00 in a research report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $87.57.

THOR Industries Stock Performance

THOR Industries stock traded up $2.74 during mid-day trading on Wednesday, reaching $74.25. 226,257 shares of the company's stock were exchanged, compared to its average volume of 848,818. The business's fifty day simple moving average is $82.10 and its 200 day simple moving average is $96.58. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. THOR Industries, Inc. has a one year low of $63.15 and a one year high of $118.85. The firm has a market capitalization of $3.95 billion, a PE ratio of 18.99, a P/E/G ratio of 1.16 and a beta of 1.59.

THOR Industries (NYSE:THO - Get Free Report) last released its earnings results on Wednesday, March 5th. The construction company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.08). The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.98 billion. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The company's revenue for the quarter was down 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.13 earnings per share. On average, sell-side analysts expect that THOR Industries, Inc. will post 4.64 earnings per share for the current year.

THOR Industries Dividend Announcement

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