Teacher Retirement System of Texas Purchases 6,935 Shares of THOR Industries, Inc. (NYSE:THO)

Teacher Retirement System of Texas lifted its stake in shares of THOR Industries, Inc. (NYSE:THO - Free Report) by 125.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,462 shares of the construction company's stock after purchasing an additional 6,935 shares during the quarter. Teacher Retirement System of Texas' holdings in THOR Industries were worth $1,193,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Xponance Inc. grew its stake in THOR Industries by 5.2% in the fourth quarter. Xponance Inc. now owns 5,963 shares of the construction company's stock valued at $571,000 after acquiring an additional 294 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of THOR Industries by 4.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 8,741 shares of the construction company's stock worth $837,000 after purchasing an additional 370 shares in the last quarter. Natixis Advisors LLC grew its position in THOR Industries by 2.6% in the 4th quarter. Natixis Advisors LLC now owns 517,870 shares of the construction company's stock valued at $49,565,000 after purchasing an additional 12,948 shares during the period. Atala Financial Inc acquired a new stake in THOR Industries in the 4th quarter valued at $27,000. Finally, Madison Investment Advisors LLC bought a new stake in THOR Industries during the 4th quarter valued at $95,688,000. 96.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on THO shares. Bank of America upgraded shares of THOR Industries from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $110.00 to $125.00 in a report on Monday, March 3rd. Citigroup downgraded 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 note on Wednesday, March 19th. Benchmark reissued a "hold" rating on shares of THOR Industries in a report on Tuesday, December 3rd. Robert W. Baird dropped their target price on THOR Industries from $110.00 to $100.00 and set an "outperform" rating on the stock in a report on Thursday, March 6th. Finally, DA Davidson lowered their price target on THOR Industries from $95.00 to $80.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $93.00.

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THOR Industries Stock Performance

NYSE:THO traded up $2.27 during trading on Wednesday, reaching $78.89. The company's stock had a trading volume of 538,643 shares, compared to its average volume of 591,928. THOR Industries, Inc. has a 12 month low of $74.95 and a 12 month high of $118.85. The firm has a market cap of $4.20 billion, a price-to-earnings ratio of 20.18, a price-to-earnings-growth ratio of 1.16 and a beta of 1.74. The firm has a 50 day moving average of $92.58 and a 200-day moving average of $100.74. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71.

THOR Industries (NYSE:THO - Get Free Report) last posted its quarterly earnings data on Wednesday, March 5th. The construction company reported ($0.01) earnings per share (EPS) 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 analysts' expectations of $1.98 billion. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The business's quarterly revenue was down 8.6% on a year-over-year basis. During the same quarter last year, the business posted $0.13 EPS. Research analysts expect that THOR Industries, Inc. will post 4.64 EPS 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. Investors of record on Tuesday, April 8th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, April 8th. This represents a $2.00 annualized dividend and a yield of 2.54%. THOR Industries's payout ratio is 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.