Quantbot Technologies LP reduced its holdings in THOR Industries, Inc. (NYSE:THO - Free Report) by 96.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 802 shares of the construction company's stock after selling 19,301 shares during the quarter. Quantbot Technologies LP's holdings in THOR Industries were worth $77,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of the stock. Venturi Wealth Management LLC boosted its stake in THOR Industries by 1.7% in the 4th quarter. Venturi Wealth Management LLC now owns 6,312 shares of the construction company's stock valued at $604,000 after buying an additional 108 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in shares of THOR Industries by 0.5% in the 4th quarter. Sanctuary Advisors LLC now owns 21,614 shares of the construction company's stock valued at $2,278,000 after purchasing an additional 113 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of THOR Industries by 22.1% in the 4th quarter. Blue Trust Inc. now owns 669 shares of the construction company's stock worth $64,000 after purchasing an additional 121 shares during the last quarter. First Horizon Advisors Inc. increased 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 worth $32,000 after purchasing an additional 121 shares in the last quarter. Finally, Perigon Wealth Management LLC grew its stake in THOR Industries by 8.4% during the fourth quarter. Perigon Wealth Management LLC now owns 3,266 shares of the construction company's stock worth $340,000 after buying an additional 253 shares during the last quarter. 96.71% of the stock is owned by institutional investors.
THOR Industries Stock Down 0.7 %
Shares of THO traded down $0.50 during trading hours on Friday, reaching $70.53. The stock had a trading volume of 610,498 shares, compared to its average volume of 595,504. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26. The firm has a 50-day simple moving average of $91.96 and a 200 day simple moving average of $100.53. The company has a market capitalization of $3.75 billion, a price-to-earnings ratio of 18.07, a P/E/G ratio of 1.16 and a beta of 1.74. THOR Industries, Inc. has a 12 month low of $66.46 and a 12 month high of $118.85.
THOR Industries (NYSE:THO - Get Free Report) last released 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 company had revenue of $2.02 billion for 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 firm's revenue was down 8.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.13 earnings per share. Equities research analysts predict that THOR Industries, Inc. will post 4.64 earnings per share for the current fiscal year.
THOR Industries Announces Dividend
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 issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, April 8th. This represents a $2.00 annualized dividend and a dividend yield of 2.84%. THOR Industries's payout ratio is 53.05%.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on THO. BMO Capital Markets reduced their target price on THOR Industries from $120.00 to $105.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. StockNews.com upgraded shares of THOR Industries from a "sell" rating to a "hold" rating in a research report on Thursday, February 27th. KeyCorp reiterated an "underweight" rating and set a $65.00 target price on shares of THOR Industries in a research report on Thursday, March 20th. Citigroup downgraded shares of THOR Industries from a "buy" rating to a "neutral" rating and cut their price target for the company from $94.00 to $86.00 in a research report on Wednesday, March 19th. Finally, Robert W. Baird lowered shares of THOR Industries from an "outperform" rating to a "neutral" rating and cut their price target for the company from $100.00 to $85.00 in a research note on Friday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued 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 $90.86.
Check Out Our Latest Analysis on THO
About THOR Industries
(
Free Report)
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.
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