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

Proficio Capital Partners LLC purchased a new position in 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 fund purchased 57,790 shares of the construction company's stock, valued at approximately $58,000. Proficio Capital Partners LLC owned 0.11% of THOR Industries as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Van ECK Associates Corp purchased a new stake in THOR Industries during the third quarter valued at approximately $32,000. First Horizon Advisors Inc. grew its position in shares of THOR Industries by 57.3% during the 4th quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company's stock valued at $32,000 after acquiring an additional 121 shares during the period. Brooklyn Investment Group purchased a new stake in shares of THOR Industries in the 3rd quarter worth $38,000. Anchor Investment Management LLC bought a new position in THOR Industries in the 3rd quarter worth $58,000. Finally, Stonebridge Financial Group LLC purchased a new position in THOR Industries during the fourth quarter valued at $51,000. Institutional investors own 96.71% of the company's stock.

THOR Industries Price Performance

Shares of THOR Industries stock traded up $1.42 on Monday, hitting $82.01. 762,359 shares of the company traded hands, compared to its average volume of 558,758. THOR Industries, Inc. has a 52 week low of $75.78 and a 52 week high of $118.85. The business has a 50-day simple moving average of $97.52 and a 200 day simple moving average of $102.86. 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 stock has a market capitalization of $4.36 billion, a P/E ratio of 20.98, a price-to-earnings-growth ratio of 1.16 and a beta of 1.74.

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THOR Industries (NYSE:THO - Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th. The construction company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.08). The company had revenue of $2.02 billion during the quarter, compared to analysts' expectations of $1.98 billion. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The firm's revenue for the quarter was down 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 EPS. Research analysts expect that THOR Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

THOR Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, January 6th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date was Monday, January 6th. THOR Industries's payout ratio is presently 53.05%.

Analyst Ratings Changes

THO has been the subject of a number of analyst reports. Truist Financial reduced their price target on THOR Industries from $110.00 to $90.00 and set a "hold" rating for the company in a research report on Thursday, March 6th. Bank of America raised shares of THOR Industries from a "neutral" rating to a "buy" rating and increased their target price for the stock from $110.00 to $125.00 in a report on Monday, March 3rd. DA Davidson lowered their price target on shares of THOR Industries from $95.00 to $80.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. Robert W. Baird reduced their price objective on shares of THOR Industries from $110.00 to $100.00 and set an "outperform" rating for the company in a research note on Thursday, March 6th. Finally, StockNews.com upgraded shares of THOR Industries from a "sell" rating to a "hold" rating in a research report on Thursday, February 27th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $104.00.

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.