THOR Industries, Inc. (NYSE:THO) Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC raised its position in shares of THOR Industries, Inc. (NYSE:THO - Free Report) by 61.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 293,400 shares of the construction company's stock after purchasing an additional 111,290 shares during the period. Renaissance Technologies LLC owned about 0.55% of THOR Industries worth $28,081,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in THO. Atala Financial Inc purchased a new stake in shares of THOR Industries in the 4th quarter worth approximately $27,000. First Horizon Advisors Inc. boosted its holdings 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 buying an additional 121 shares in the last quarter. Brown Brothers Harriman & Co. grew its position in shares of THOR Industries by 369.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 418 shares of the construction company's stock worth $40,000 after buying an additional 329 shares during the last quarter. Stonebridge Financial Group LLC purchased a new stake in THOR Industries during the fourth quarter valued at approximately $51,000. Finally, Tortoise Investment Management LLC boosted its stake in THOR Industries by 78.3% in the fourth quarter. Tortoise Investment Management LLC now owns 576 shares of the construction company's stock valued at $55,000 after acquiring an additional 253 shares in the last quarter. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on THO. BMO Capital Markets decreased their price target on shares of THOR Industries from $120.00 to $105.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. Bank of America upgraded THOR Industries from a "neutral" rating to a "buy" rating and raised their target price for the stock from $110.00 to $125.00 in a research note on Monday, March 3rd. DA Davidson upgraded shares of THOR Industries to a "hold" rating in a research report on Monday. Robert W. Baird cut shares of THOR Industries from an "outperform" rating to a "neutral" rating and decreased their target price for the company from $100.00 to $85.00 in a research note on Friday, April 4th. Finally, KeyCorp decreased their target price on THOR Industries from $65.00 to $60.00 and set an "underweight" rating on the stock in a research report on Thursday. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, THOR Industries has a consensus rating of "Hold" and an average price target of $87.57.

THOR Industries Trading Up 1.5 %

THO stock traded up $1.00 during mid-day trading on Thursday, hitting $69.05. 171,424 shares of the company were exchanged, compared to its average volume of 621,464. THOR Industries, Inc. has a 12-month low of $63.16 and a 12-month high of $118.85. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. The business has a fifty day simple moving average of $84.70 and a 200-day simple moving average of $97.76. The firm has a market capitalization of $3.67 billion, a P/E ratio of 17.62, a PEG ratio of 1.16 and a beta of 1.59.

THOR Industries (NYSE:THO - Get Free Report) last announced 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 firm had revenue of $2.02 billion for the quarter, compared to analysts' expectations of $1.98 billion. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The business's revenue was down 8.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.13 earnings per share. On average, equities research analysts predict that THOR Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

THOR Industries Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.00 annualized dividend and a yield of 2.90%. THOR Industries's payout ratio is 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.