THOR Industries, Inc. (NYSE:THO) Stake Boosted by Timucuan Asset Management Inc. FL

Timucuan Asset Management Inc. FL grew its holdings in shares of THOR Industries, Inc. (NYSE:THO - Free Report) by 16.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,038,765 shares of the construction company's stock after buying an additional 283,744 shares during the quarter. THOR Industries accounts for about 6.0% of Timucuan Asset Management Inc. FL's holdings, making the stock its 8th biggest position. Timucuan Asset Management Inc. FL owned approximately 3.83% of THOR Industries worth $195,130,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Atala Financial Inc purchased a new position in THOR Industries in the fourth quarter worth $27,000. First Horizon Advisors Inc. increased its holdings in 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 buying an additional 121 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in THOR Industries by 369.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 418 shares of the construction company's stock valued at $40,000 after acquiring an additional 329 shares during the last quarter. Anchor Investment Management LLC purchased a new stake in shares of THOR Industries during the 3rd quarter worth approximately $58,000. Finally, Stonebridge Financial Group LLC bought a new stake in shares of THOR Industries in the 4th quarter worth approximately $51,000. 96.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. DA Davidson upgraded shares of THOR Industries to a "hold" rating in a research note on Monday. BMO Capital Markets decreased their price objective on THOR Industries from $120.00 to $105.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. KeyCorp reissued an "underweight" rating and set a $65.00 price objective on shares of THOR Industries in a research note on Thursday, March 20th. StockNews.com upgraded THOR Industries from a "sell" rating to a "hold" rating in a research report on Thursday, February 27th. Finally, Baird R W cut shares of THOR Industries from a "strong-buy" rating to a "hold" rating in a research report on Friday, April 4th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $88.29.

THOR Industries Stock Down 0.8 %

THO stock traded down $0.52 during midday trading on Wednesday, hitting $67.77. The company's stock had a trading volume of 315,203 shares, compared to its average volume of 620,696. The company has a market cap of $3.61 billion, a PE ratio of 17.33, a P/E/G ratio of 1.16 and a beta of 1.59. The firm's 50-day moving average is $85.32 and its 200-day moving average is $97.97. THOR Industries, Inc. has a 12 month low of $63.16 and a 12 month 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.

THOR Industries (NYSE:THO - Get Free Report) last released 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 analysts' expectations of $1.98 billion. During the same period in the previous year, the firm earned $0.13 earnings per share. The firm's revenue for the quarter was down 8.6% on a year-over-year basis. On average, equities research analysts forecast that THOR Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

THOR Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, April 8th. This represents a $2.00 annualized dividend and a yield of 2.95%. THOR Industries's payout ratio is currently 53.05%.

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.