Prudential Financial Inc. Has $371,000 Stock Position in THOR Industries, Inc. (NYSE:THO)

Prudential Financial Inc. lowered its stake in THOR Industries, Inc. (NYSE:THO - Free Report) by 49.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,872 shares of the construction company's stock after selling 3,713 shares during the period. Prudential Financial Inc.'s holdings in THOR Industries were worth $371,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. FMR LLC grew its stake in THOR Industries by 8.0% in the 3rd quarter. FMR LLC now owns 29,716 shares of the construction company's stock valued at $3,265,000 after buying an additional 2,205 shares during the last quarter. Captrust Financial Advisors grew its position in shares of THOR Industries by 21.1% in the third quarter. Captrust Financial Advisors now owns 2,992 shares of the construction company's stock valued at $329,000 after purchasing an additional 521 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of THOR Industries by 20.4% in the third quarter. HighTower Advisors LLC now owns 21,402 shares of the construction company's stock worth $2,343,000 after purchasing an additional 3,621 shares during the period. IHT Wealth Management LLC bought a new position in shares of THOR Industries in the third quarter worth about $257,000. Finally, Quantinno Capital Management LP lifted its position in shares of THOR Industries by 82.8% during the 3rd quarter. Quantinno Capital Management LP now owns 21,346 shares of the construction company's stock worth $2,346,000 after purchasing an additional 9,666 shares during the last quarter. Institutional investors and hedge funds own 96.71% of the company's stock.

Analyst Ratings Changes

Several research analysts have commented on THO shares. DA Davidson raised THOR Industries to a "hold" rating in a research report on Monday. Robert W. Baird lowered shares of THOR Industries from an "outperform" rating to a "neutral" rating and dropped their target price for the stock from $100.00 to $85.00 in a research report on Friday, April 4th. Citigroup cut shares of THOR Industries from a "buy" rating to a "neutral" rating and cut their target price for the company from $94.00 to $86.00 in a research note on Wednesday, March 19th. StockNews.com upgraded shares of THOR Industries from a "sell" rating to a "hold" rating in a research report on Thursday, February 27th. Finally, Truist Financial cut their price objective on shares of THOR Industries from $90.00 to $72.00 and set a "hold" rating for the company in a research report on Monday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $88.29.

THOR Industries Price Performance

Shares of THO stock traded down $1.50 during mid-day trading on Tuesday, reaching $68.74. The company's stock had a trading volume of 115,951 shares, compared to its average volume of 846,291. The firm's 50-day moving average is $85.97 and its two-hundred day moving average is $98.18. The company has a market cap of $3.66 billion, a P/E ratio of 17.56, a PEG ratio of 1.16 and a beta of 1.59. THOR Industries, Inc. has a 1-year low of $63.15 and a 1-year high of $118.85. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71.

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 for the quarter, missing analysts' consensus estimates of $0.07 by ($0.08). The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.98 billion. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The business's revenue was down 8.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.13 EPS. On average, research analysts predict that THOR Industries, Inc. will post 4.64 earnings per share for the current year.

THOR Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.00 annualized dividend and a dividend yield of 2.91%. THOR Industries's dividend payout ratio (DPR) is presently 53.05%.

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.