Natixis Advisors LLC Increases Stock Holdings in THOR Industries, Inc. (NYSE:THO)

Natixis Advisors LLC increased its holdings in shares of THOR Industries, Inc. (NYSE:THO - Free Report) by 2.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 517,870 shares of the construction company's stock after acquiring an additional 12,948 shares during the quarter. Natixis Advisors LLC owned about 0.97% of THOR Industries worth $49,565,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. increased its holdings 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 valued at $165,078,000 after buying an additional 411,466 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of THOR Industries by 1.7% during the 4th 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 last quarter. State Street Corp grew its holdings in shares of THOR Industries by 2.1% during the 3rd quarter. State Street Corp now owns 1,624,002 shares of the construction company's stock valued at $178,462,000 after purchasing an additional 33,619 shares during the last quarter. Salvus Wealth Management LLC grew its holdings in shares of THOR Industries by 19.4% during the 4th quarter. Salvus Wealth Management LLC now owns 42,168 shares of the construction company's stock valued at $4,036,000 after purchasing an additional 6,838 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of THOR Industries by 8.0% during the 3rd quarter. FMR LLC now owns 29,716 shares of the construction company's stock valued at $3,265,000 after purchasing an additional 2,205 shares during the last quarter. 96.71% of the stock is owned by institutional investors.

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Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Benchmark reaffirmed a "hold" rating on shares of THOR Industries in a report on Tuesday, December 3rd. BMO Capital Markets cut their target price on shares of THOR Industries from $120.00 to $105.00 and set an "outperform" rating on the stock in a research report on Thursday, March 6th. DA Davidson cut their target price on shares of THOR Industries from $95.00 to $80.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Truist Financial cut their target price on shares of THOR Industries from $110.00 to $90.00 and set a "hold" rating on the stock in a research report on Thursday, March 6th. Finally, Bank of America upgraded shares of THOR Industries from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $110.00 to $125.00 in a research report on Monday, March 3rd. One analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $93.00.

THOR Industries Stock Down 1.0 %

THO stock traded down $0.84 during midday trading on Thursday, reaching $80.33. 797,357 shares of the company's stock traded hands, compared to its average volume of 562,403. THOR Industries, Inc. has a 52 week low of $75.78 and a 52 week 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 company has a market cap of $4.27 billion, a price-to-earnings ratio of 20.54, a P/E/G ratio of 1.16 and a beta of 1.74. The firm's fifty day moving average price is $96.69 and its 200-day moving average price is $102.36.

THOR Industries (NYSE:THO - Get Free Report) last posted its earnings results on Wednesday, March 5th. The construction company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.08). The firm had revenue of $2.02 billion during 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 business's revenue was down 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.13 EPS. As a group, sell-side analysts forecast that THOR Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

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.