Sei Investments Co. Sells 25,956 Shares of THOR Industries, Inc. (NYSE:THO)

Sei Investments Co. decreased its position in THOR Industries, Inc. (NYSE:THO - Free Report) by 38.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,132 shares of the construction company's stock after selling 25,956 shares during the period. Sei Investments Co. owned approximately 0.08% of THOR Industries worth $3,937,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of THO. JPMorgan Chase & Co. boosted its position in shares of THOR Industries by 37.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company's stock valued at $165,078,000 after purchasing an additional 411,466 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of 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 worth $58,564,000 after buying an additional 10,455 shares in the last quarter. State Street Corp grew its position in shares of THOR Industries by 2.1% during the 3rd quarter. State Street Corp now owns 1,624,002 shares of the construction company's stock worth $178,462,000 after buying an additional 33,619 shares during the period. Amundi increased its stake in shares of THOR Industries by 26.2% in the 4th quarter. Amundi now owns 4,354 shares of the construction company's stock valued at $415,000 after acquiring an additional 905 shares in the last quarter. Finally, Salvus Wealth Management LLC increased its stake in shares of THOR Industries by 19.4% in the 4th quarter. Salvus Wealth Management LLC now owns 42,168 shares of the construction company's stock valued at $4,036,000 after acquiring an additional 6,838 shares in the last quarter. 96.71% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Ratings Changes

A number of research firms have commented on THO. Robert W. Baird cut shares of THOR Industries from an "outperform" rating to a "neutral" rating and reduced their price target for the stock from $100.00 to $85.00 in a report on Friday. Citigroup downgraded THOR Industries from a "buy" rating to a "neutral" rating and reduced their target price for the company from $94.00 to $86.00 in a research note on Wednesday, March 19th. StockNews.com raised THOR Industries from a "sell" rating to a "hold" rating in a research report on Thursday, February 27th. Bank of America raised THOR Industries from a "neutral" rating to a "buy" rating and raised their price objective for the company from $110.00 to $125.00 in a research note on Monday, March 3rd. Finally, BMO Capital Markets decreased their price objective on THOR Industries from $120.00 to $105.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. One investment 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 data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $90.86.

THOR Industries Stock Up 0.3 %

Shares of THO stock traded up $0.20 during trading hours on Monday, reaching $71.64. The company had a trading volume of 129,653 shares, compared to its average volume of 598,490. The business has a fifty day simple moving average of $91.38 and a 200-day simple moving average of $100.26. THOR Industries, Inc. has a 12 month low of $66.00 and a 12 month high of $118.85. The company has a market cap of $3.81 billion, a price-to-earnings ratio of 18.32, a price-to-earnings-growth ratio of 1.16 and a beta of 1.59. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78.

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

THOR Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend is Tuesday, April 8th. THOR Industries's payout ratio is 53.05%.

THOR Industries Company 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.