Raymond James Financial Inc. Acquires New Holdings in THOR Industries, Inc. (NYSE:THO)

Raymond James Financial Inc. acquired a new stake in THOR Industries, Inc. (NYSE:THO - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 548,505 shares of the construction company's stock, valued at approximately $52,497,000. Raymond James Financial Inc. owned about 1.03% of THOR Industries at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in THO. Proficio Capital Partners LLC acquired a new stake in THOR Industries during the 4th quarter valued at approximately $58,000. Atria Investments Inc increased its position in THOR Industries by 1.4% during the 4th quarter. Atria Investments Inc now owns 88,288 shares of the construction company's stock valued at $8,450,000 after purchasing an additional 1,217 shares during the period. Charles Schwab Investment Management Inc. increased its position in THOR Industries by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 611,890 shares of the construction company's stock valued at $58,564,000 after purchasing an additional 10,455 shares during the period. Unified Investment Management acquired a new stake in THOR Industries during the 4th quarter valued at approximately $291,000. Finally, ACR Alpine Capital Research LLC increased its position in THOR Industries by 40.6% during the 4th quarter. ACR Alpine Capital Research LLC now owns 2,142,966 shares of the construction company's stock valued at $205,103,000 after purchasing an additional 619,318 shares during the period. Institutional investors own 96.71% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on THO. Benchmark reissued a "hold" rating on shares of THOR Industries in a research report on Tuesday, December 3rd. StockNews.com raised shares of THOR Industries from a "sell" rating to a "hold" rating in a research report on Thursday, February 27th. DA Davidson reduced their price objective on shares of THOR Industries from $95.00 to $80.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Truist Financial reduced their price objective on shares of THOR Industries from $110.00 to $90.00 and set a "hold" rating for the company in a research report on Thursday, March 6th. Finally, Bank of America raised shares of THOR Industries from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $110.00 to $125.00 in a research report on Monday, March 3rd. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $104.00.

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THOR Industries Price Performance

Shares of THO opened at $79.05 on Wednesday. THOR Industries, Inc. has a 12-month low of $77.11 and a 12-month high of $118.85. The business's fifty day moving average is $98.55 and its 200 day moving average is $103.48. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. The stock has a market cap of $4.21 billion, a P/E ratio of 20.22, a P/E/G ratio of 1.16 and a beta of 1.74.

THOR Industries (NYSE:THO - Get Free Report) last posted its 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). THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the firm earned $0.13 earnings per share. The company's revenue was down 8.6% on a year-over-year basis. Sell-side analysts anticipate that THOR Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

THOR Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, January 6th were issued a $0.50 dividend. The ex-dividend date was Monday, January 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.53%. THOR Industries's dividend payout ratio 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.

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