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

Raymond James Financial Inc. purchased a new position in shares of THOR Industries, Inc. (NYSE:THO - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 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.

Other institutional investors and hedge funds have also made changes to their positions in the company. Venturi Wealth Management LLC lifted its stake in THOR Industries by 1.7% during the fourth quarter. Venturi Wealth Management LLC now owns 6,312 shares of the construction company's stock worth $604,000 after purchasing an additional 108 shares during the last quarter. O Shaughnessy Asset Management LLC raised its stake in THOR Industries by 0.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 15,971 shares of the construction company's stock worth $1,529,000 after acquiring an additional 112 shares in the last quarter. Sanctuary Advisors LLC boosted its stake in THOR Industries by 0.5% in the fourth quarter. Sanctuary Advisors LLC now owns 21,614 shares of the construction company's stock valued at $2,278,000 after acquiring an additional 113 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of THOR Industries by 22.1% during the fourth 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. Finally, First Horizon Advisors Inc. increased its position in shares of THOR Industries by 57.3% during the fourth 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. 96.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on THO shares. Truist Financial lowered their target price on shares of THOR Industries from $90.00 to $72.00 and set a "hold" rating on the stock in a research report on Monday. Baird R W lowered THOR Industries from a "strong-buy" rating to a "hold" rating in a report on Friday, April 4th. KeyCorp reduced their price target on shares of THOR Industries from $65.00 to $60.00 and set an "underweight" rating for the company in a research report on Thursday. StockNews.com upgraded THOR Industries from a "sell" rating to a "hold" rating in a report on Thursday, February 27th. Finally, Citigroup downgraded THOR Industries from a "buy" rating to a "neutral" rating and dropped their price objective for the company from $94.00 to $86.00 in a research note on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $87.57.

THOR Industries Stock Performance

THO traded up $1.01 on Friday, hitting $69.06. 693,638 shares of the company's stock were exchanged, compared to its average volume of 623,796. THOR Industries, Inc. has a twelve month low of $63.16 and a twelve month high of $118.85. The firm has a market cap of $3.67 billion, a PE ratio of 17.66, a P/E/G ratio of 1.16 and a beta of 1.59. 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 stock has a fifty day moving average of $84.06 and a two-hundred day moving average of $97.48.

THOR Industries (NYSE:THO - Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The construction company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.08). The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.98 billion. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. THOR Industries's revenue for the quarter was down 8.6% on a year-over-year basis. During the same period last year, the business posted $0.13 earnings per share. On average, research analysts anticipate that THOR Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

THOR Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.90%. The ex-dividend date is Tuesday, April 8th. THOR Industries's dividend payout ratio (DPR) is presently 53.05%.

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.