Royal London Asset Management Ltd. Has $183 Million Position in THOR Industries, Inc. (NYSE:THO)

Royal London Asset Management Ltd. trimmed its holdings in shares of THOR Industries, Inc. (NYSE:THO - Free Report) by 12.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 1,912,066 shares of the construction company's stock after selling 263,192 shares during the period. Royal London Asset Management Ltd. owned approximately 3.59% of THOR Industries worth $183,004,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Atala Financial Inc bought a new stake in THOR Industries in the fourth quarter valued at $27,000. First Horizon Advisors Inc. boosted its stake in shares of THOR Industries by 57.3% in the 4th quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company's stock valued at $32,000 after purchasing an additional 121 shares in the last quarter. Brooklyn Investment Group bought a new stake in shares of THOR Industries in the 3rd quarter worth about $38,000. Stonebridge Financial Group LLC bought a new stake in shares of THOR Industries in the 4th quarter worth about $51,000. Finally, Tortoise Investment Management LLC increased its position in shares of THOR Industries by 78.3% during the 4th quarter. Tortoise Investment Management LLC now owns 576 shares of the construction company's stock worth $55,000 after purchasing an additional 253 shares in the last quarter. 96.71% of the stock is owned by institutional investors.

THOR Industries Trading Up 2.7 %

Shares of NYSE:THO traded up $2.16 during trading on Monday, hitting $81.24. 679,394 shares of the company's stock were exchanged, compared to its average volume of 570,524. The firm has a 50-day moving average price of $96.10 and a two-hundred day moving average price of $101.96. THOR Industries, Inc. has a 1-year low of $75.78 and a 1-year high of $118.85. The firm has a market cap of $4.32 billion, a P/E ratio of 20.78, a PEG ratio of 1.16 and a beta of 1.74. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26.

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THOR Industries (NYSE:THO - Get Free Report) last released its 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 return on equity of 5.97% and a net margin of 2.17%. THOR Industries's revenue was down 8.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.13 EPS. Equities analysts predict that THOR Industries, Inc. will post 4.64 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on THO. StockNews.com upgraded THOR Industries from a "sell" rating to a "hold" rating in a research report on Thursday, February 27th. BMO Capital Markets cut their price target on THOR Industries from $120.00 to $105.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Truist Financial reduced their price target on shares of THOR Industries from $110.00 to $90.00 and set a "hold" rating on the stock in a research report on Thursday, March 6th. Benchmark reaffirmed a "hold" rating on shares of THOR Industries in a research note on Tuesday, December 3rd. Finally, Robert W. Baird decreased their price target on shares of THOR Industries from $110.00 to $100.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $93.00.

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.