AXQ Capital LP Trims Stock Holdings in THOR Industries, Inc. (NYSE:THO)

AXQ Capital LP trimmed its position in THOR Industries, Inc. (NYSE:THO - Free Report) by 64.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,409 shares of the construction company's stock after selling 8,014 shares during the quarter. AXQ Capital LP's holdings in THOR Industries were worth $422,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Atala Financial Inc acquired a new position in THOR Industries in the fourth quarter valued at 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. Brooklyn Investment Group purchased a new position in shares of THOR Industries in the 3rd quarter valued at $38,000. Stonebridge Financial Group LLC purchased a new position in shares of THOR Industries in the 4th quarter valued at $51,000. Finally, Tortoise Investment Management LLC raised its stake in THOR Industries by 78.3% during the 4th quarter. Tortoise Investment Management LLC now owns 576 shares of the construction company's stock worth $55,000 after acquiring an additional 253 shares in the last quarter. 96.71% of the stock is owned by hedge funds and other institutional investors.

THOR Industries Price Performance

THO traded up $0.75 during trading on Thursday, reaching $80.77. 656,655 shares of the stock were exchanged, compared to its average volume of 572,509. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78. The company has a market capitalization of $4.30 billion, a price-to-earnings ratio of 20.66, a P/E/G ratio of 1.16 and a beta of 1.74. THOR Industries, Inc. has a 1 year low of $75.78 and a 1 year high of $118.85. The business's 50 day moving average price is $95.08 and its two-hundred day moving average price is $101.50.

Remove Ads

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

THOR Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be given a $0.50 dividend. The ex-dividend date is Tuesday, April 8th. This represents a $2.00 annualized dividend and a dividend yield of 2.48%. THOR Industries's dividend payout ratio is presently 53.05%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on THO. Robert W. Baird dropped their price target on THOR Industries from $110.00 to $100.00 and set an "outperform" rating on the stock in a research note on Thursday, March 6th. DA Davidson cut their target price on shares of THOR Industries from $95.00 to $80.00 and set a "neutral" rating on the stock in a report on Friday, March 7th. KeyCorp reiterated an "underweight" rating and set a $65.00 price target on shares of THOR Industries in a research note on Thursday, March 20th. 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 research note on Monday, March 3rd. Finally, Truist Financial decreased their price objective on THOR Industries from $110.00 to $90.00 and set a "hold" rating for the company in a research report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $93.00.

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.