Madison Investment Advisors LLC Invests $95.69 Million in THOR Industries, Inc. (NYSE:THO)

Madison Investment Advisors LLC bought a new position in THOR Industries, Inc. (NYSE:THO - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 999,768 shares of the construction company's stock, valued at approximately $95,688,000. THOR Industries comprises about 1.1% of Madison Investment Advisors LLC's investment portfolio, making the stock its 29th largest position. Madison Investment Advisors LLC owned about 1.88% of THOR Industries as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of THO. Van ECK Associates Corp bought a new position in shares of THOR Industries in the third quarter worth about $32,000. First Horizon Advisors Inc. raised its stake in shares of THOR Industries by 57.3% in the fourth quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company's stock worth $32,000 after buying an additional 121 shares during the period. Brooklyn Investment Group bought a new position in shares of THOR Industries in the third quarter worth about $38,000. Stonebridge Financial Group LLC bought a new position in shares of THOR Industries in the fourth quarter worth about $51,000. Finally, Tortoise Investment Management LLC raised its stake in shares of THOR Industries by 78.3% in the fourth quarter. Tortoise Investment Management LLC now owns 576 shares of the construction company's stock worth $55,000 after buying an additional 253 shares during the period. 96.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

THO has been the topic of several recent analyst reports. Bank of America raised THOR Industries from a "neutral" rating to a "buy" rating and lifted their target price for the company from $110.00 to $125.00 in a research note on Monday, March 3rd. DA Davidson decreased their target price on THOR Industries from $95.00 to $80.00 and set a "neutral" rating on the stock in a research note on Friday, March 7th. Benchmark reissued a "hold" rating on shares of THOR Industries in a research note on Tuesday, December 3rd. StockNews.com raised THOR Industries from a "sell" rating to a "hold" rating in a research note on Thursday, February 27th. Finally, BMO Capital Markets decreased their target price on THOR Industries from $120.00 to $105.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $104.00.

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THOR Industries Price Performance

NYSE:THO traded up $1.42 during trading hours on Monday, reaching $82.01. The stock had a trading volume of 762,430 shares, compared to its average volume of 555,708. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71. THOR Industries, Inc. has a 52 week low of $75.78 and a 52 week high of $118.85. The company has a 50 day moving average price of $97.52 and a two-hundred day moving average price of $102.86. The stock has a market capitalization of $4.36 billion, a PE ratio of 20.98, a PEG ratio of 1.16 and a beta of 1.74.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.08). THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the firm earned $0.13 EPS. The business's revenue was down 8.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that THOR Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

THOR Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, January 6th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.44%. The ex-dividend date was Monday, January 6th. 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.