Norges Bank Makes New Investment in THOR Industries, Inc. (NYSE:THO)

Norges Bank acquired a new position in THOR Industries, Inc. (NYSE:THO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 572,079 shares of the construction company's stock, valued at approximately $54,754,000. Norges Bank owned about 1.07% of THOR Industries at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Atala Financial Inc acquired a new stake in shares of THOR Industries during the 4th quarter valued at $27,000. First Horizon Advisors Inc. boosted its position in 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 purchasing an additional 121 shares during the last quarter. Anchor Investment Management LLC purchased a new position in THOR Industries in the third quarter valued at about $58,000. Stonebridge Financial Group LLC acquired a new position in THOR Industries in the 4th quarter worth about $51,000. Finally, Tortoise Investment Management LLC raised its stake in shares of THOR Industries by 78.3% during 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.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Truist Financial decreased their price target on THOR Industries from $110.00 to $90.00 and set a "hold" rating for the company in a research note on Thursday, March 6th. Baird R W downgraded THOR Industries from a "strong-buy" rating to a "hold" rating in a report on Friday. BMO Capital Markets reduced their price objective on shares of THOR Industries from $120.00 to $105.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Robert W. Baird lowered shares of THOR Industries from an "outperform" rating to a "neutral" rating and lowered their target price for the company from $100.00 to $85.00 in a research note on Friday. Finally, KeyCorp reissued an "underweight" rating and set a $65.00 target price on shares of THOR Industries in a research report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $90.86.

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THOR Industries Stock Down 8.6 %

THO stock traded down $6.07 during midday trading on Tuesday, hitting $64.31. The company's stock had a trading volume of 1,304,996 shares, compared to its average volume of 607,071. The company's fifty day moving average price is $89.19 and its 200 day moving average price is $99.47. THOR Industries, Inc. has a twelve month low of $63.28 and a twelve month high of $118.85. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78. The stock has a market capitalization of $3.42 billion, a P/E ratio of 16.45, a PEG ratio of 1.16 and a beta of 1.59.

THOR Industries (NYSE:THO - Get Free Report) last issued its earnings results on Wednesday, March 5th. The construction company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.08). The firm 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%. THOR Industries's quarterly revenue was down 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 earnings per share. As a group, equities research analysts predict that THOR Industries, Inc. will post 4.64 EPS for the current year.

THOR Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be given a $0.50 dividend. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 3.11%. THOR Industries's payout ratio is presently 53.05%.

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.