Mirabella Financial Services LLP Buys New Shares in THOR Industries, Inc. (NYSE:THO)

Mirabella Financial Services LLP purchased a new stake in THOR Industries, Inc. (NYSE:THO - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 89,492 shares of the construction company's stock, valued at approximately $8,563,000. Mirabella Financial Services LLP owned about 0.17% of THOR Industries at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in THOR Industries by 37.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company's stock worth $165,078,000 after acquiring an additional 411,466 shares during the period. Charles Schwab Investment Management Inc. raised its position in THOR Industries by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 611,890 shares of the construction company's stock valued at $58,564,000 after purchasing an additional 10,455 shares during the period. Amundi raised its holdings in shares of THOR Industries by 26.2% during the 4th quarter. Amundi now owns 4,354 shares of the construction company's stock valued at $415,000 after buying an additional 905 shares during the period. Salvus Wealth Management LLC lifted its position in shares of THOR Industries by 19.4% during the fourth quarter. Salvus Wealth Management LLC now owns 42,168 shares of the construction company's stock worth $4,036,000 after purchasing an additional 6,838 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its holdings in THOR Industries by 55.4% in the 4th quarter. Sterling Capital Management LLC now owns 3,014 shares of the construction company's stock worth $288,000 after buying an additional 1,075 shares in the last quarter. Institutional investors and hedge funds own 96.71% of the company's stock.

THOR Industries Stock Performance

Shares of THO traded up $2.18 during mid-day trading on Thursday, reaching $74.46. 555,250 shares of the company's stock traded hands, compared to its average volume of 630,556. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71. The business's 50-day moving average price is $81.47 and its 200-day moving average price is $96.42. The stock has a market capitalization of $3.96 billion, a P/E ratio of 19.04, a price-to-earnings-growth ratio of 1.16 and a beta of 1.59. THOR Industries, Inc. has a 12 month low of $63.16 and a 12 month high of $118.85.

THOR Industries (NYSE:THO - Get Free Report) last announced its quarterly 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 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%. The company's revenue was down 8.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.13 EPS. Equities analysts predict that THOR Industries, Inc. will post 4.64 earnings per share for the current year.

THOR Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend was Tuesday, April 8th. THOR Industries's payout ratio is currently 53.05%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on THO shares. Robert W. Baird lowered THOR Industries from an "outperform" rating to a "neutral" rating and cut their target price for the company from $100.00 to $85.00 in a research report on Friday, April 4th. Citigroup downgraded shares of 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. Bank of America raised shares of THOR Industries from a "neutral" rating to a "buy" rating and lifted their price target for the company from $110.00 to $125.00 in a report on Monday, March 3rd. Truist Financial dropped their price objective on shares of THOR Industries from $90.00 to $72.00 and set a "hold" rating on the stock in a research note on Monday, April 14th. Finally, Baird R W downgraded THOR Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, THOR Industries presently has a consensus rating of "Hold" and a consensus price target 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.