Southernsun Asset Management LLC Purchases 6,412 Shares of THOR Industries, Inc. (NYSE:THO)

Southernsun Asset Management LLC raised its stake in shares of THOR Industries, Inc. (NYSE:THO - Free Report) by 3.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 172,365 shares of the construction company's stock after purchasing an additional 6,412 shares during the period. THOR Industries accounts for 2.1% of Southernsun Asset Management LLC's portfolio, making the stock its 19th largest holding. Southernsun Asset Management LLC owned 0.32% of THOR Industries worth $16,497,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. ACR Alpine Capital Research LLC grew its holdings in shares of 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 worth $205,103,000 after purchasing an additional 619,318 shares in the last quarter. Timucuan Asset Management Inc. FL boosted its stake in THOR Industries by 16.2% during the fourth quarter. Timucuan Asset Management Inc. FL now owns 2,038,765 shares of the construction company's stock worth $195,130,000 after buying an additional 283,744 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in THOR Industries by 37.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company's stock valued at $165,078,000 after buying an additional 411,466 shares during the period. Madison Investment Advisors LLC acquired a new position in shares of THOR Industries in the 4th quarter valued at $95,688,000. Finally, American Century Companies Inc. lifted its holdings in shares of THOR Industries by 8.7% during the 4th quarter. American Century Companies Inc. now owns 939,146 shares of the construction company's stock worth $89,886,000 after acquiring an additional 75,304 shares during the period. Institutional investors own 96.71% of the company's stock.

THOR Industries Price Performance

Shares of THOR Industries stock traded down $0.55 during midday trading on Friday, reaching $73.96. The company had a trading volume of 356,282 shares, compared to its average volume of 630,894. The stock has a fifty day simple moving average of $80.88 and a 200 day simple moving average of $96.19. THOR Industries, Inc. has a 1-year low of $63.16 and a 1-year high of $118.85. 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 company has a market capitalization of $3.93 billion, a price-to-earnings ratio of 18.92, a price-to-earnings-growth ratio of 1.16 and a beta of 1.59.

THOR Industries (NYSE:THO - Get Free Report) last issued its quarterly earnings results on Wednesday, March 5th. The construction company reported ($0.01) earnings per share (EPS) 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 firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the company earned $0.13 EPS. The company's revenue was down 8.6% compared to the same quarter last year. As a group, equities research analysts forecast that THOR Industries, Inc. will post 4.64 earnings per share for the current year.

THOR Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.70%. The ex-dividend date of this dividend was Tuesday, April 8th. THOR Industries's payout ratio is presently 53.05%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Bank of America raised shares of THOR Industries from a "neutral" rating to a "buy" rating and increased their price target for the stock from $110.00 to $125.00 in a research report on Monday, March 3rd. DA Davidson upgraded THOR Industries to a "hold" rating in a research note on Monday, April 14th. Citigroup downgraded shares of 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 upgraded shares of THOR Industries from a "sell" rating to a "hold" rating in a research report on Thursday, February 27th. Finally, Truist Financial reduced their price target 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, April 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, THOR Industries currently has an average rating of "Hold" and a consensus target price of $87.57.

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.