Proficio Capital Partners LLC Acquires Shares of 57,790 THOR Industries, Inc. (NYSE:THO)

Proficio Capital Partners LLC acquired a new stake in shares of THOR Industries, Inc. (NYSE:THO - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 57,790 shares of the construction company's stock, valued at approximately $58,000. Proficio Capital Partners LLC owned about 0.11% of THOR Industries at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. ACR Alpine Capital Research LLC boosted its holdings in THOR Industries by 40.6% during the fourth quarter. ACR Alpine Capital Research LLC now owns 2,142,966 shares of the construction company's stock worth $205,103,000 after purchasing an additional 619,318 shares during the last quarter. State Street Corp increased its holdings in THOR Industries by 2.1% during the third quarter. State Street Corp now owns 1,624,002 shares of the construction company's stock worth $178,462,000 after buying an additional 33,619 shares during the last quarter. JPMorgan Chase & Co. grew its position in shares of THOR Industries by 37.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company's stock valued at $165,078,000 after acquiring an additional 411,466 shares during the period. Geode Capital Management LLC increased its stake in shares of THOR Industries by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 911,232 shares of the construction company's stock worth $100,161,000 after purchasing an additional 12,758 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of THOR Industries by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 611,890 shares of the construction company's stock worth $58,564,000 after purchasing an additional 10,455 shares during the period. 96.71% of the stock is owned by institutional investors.

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THOR Industries Trading Up 3.0 %

THOR Industries stock traded up $2.27 during trading hours on Wednesday, reaching $78.89. The company had a trading volume of 538,643 shares, compared to its average volume of 591,928. The firm has a market cap of $4.20 billion, a price-to-earnings ratio of 20.18, a P/E/G ratio of 1.16 and a beta of 1.74. THOR Industries, Inc. has a 12-month low of $74.95 and a 12-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 company has a 50-day moving average price of $92.58 and a 200 day moving average price of $100.74.

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 the consensus estimate of $0.07 by ($0.08). THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The company had revenue of $2.02 billion for the quarter, compared to analysts' expectations of $1.98 billion. During the same quarter in the prior year, the firm earned $0.13 EPS. THOR Industries's quarterly revenue was down 8.6% compared to the same quarter last year. Equities analysts forecast that THOR Industries, Inc. will post 4.64 earnings per share for the current year.

THOR Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date of this dividend is Tuesday, April 8th. THOR Industries's dividend payout ratio (DPR) is presently 53.05%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. StockNews.com raised THOR Industries from a "sell" rating to a "hold" rating in a research report on Thursday, February 27th. Robert W. Baird dropped their price target on shares of THOR Industries from $110.00 to $100.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. Citigroup cut THOR Industries from a "buy" rating to a "neutral" rating and reduced their price target for the company from $94.00 to $86.00 in a research report on Wednesday, March 19th. DA Davidson lowered their price objective on THOR Industries from $95.00 to $80.00 and set a "neutral" rating on the stock in a research report on Friday, March 7th. Finally, Truist Financial lowered their price target on THOR Industries from $110.00 to $90.00 and set a "hold" rating on the stock in a report on Thursday, March 6th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $93.00.

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.