THOR Industries, Inc. (NYSE:THO) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its stake in THOR Industries, Inc. (NYSE:THO - Free Report) by 3.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,050,097 shares of the construction company's stock after selling 189,664 shares during the quarter. Vanguard Group Inc. owned about 9.49% of THOR Industries worth $483,345,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Atala Financial Inc purchased a new stake in shares of THOR Industries in the 4th quarter valued at approximately $27,000. First Horizon Advisors Inc. lifted its stake 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 purchasing an additional 121 shares in the last quarter. Stonebridge Financial Group LLC purchased a new position in shares of THOR Industries during the fourth quarter worth $51,000. Tortoise Investment Management LLC boosted its position in shares of THOR Industries by 78.3% during the fourth quarter. Tortoise Investment Management LLC now owns 576 shares of the construction company's stock worth $55,000 after buying an additional 253 shares during the period. Finally, Anchor Investment Management LLC acquired a new stake in shares of THOR Industries in the third quarter valued at $58,000. Hedge funds and other institutional investors own 96.71% of the company's stock.

Analyst Ratings Changes

A number of brokerages recently commented on THO. Robert W. Baird lowered their target price on THOR Industries from $110.00 to $100.00 and set an "outperform" rating for the company in a report on Thursday, March 6th. StockNews.com raised shares of THOR Industries from a "sell" rating to a "hold" rating in a research note on Thursday, February 27th. Truist Financial cut their target price on shares of THOR Industries from $110.00 to $90.00 and set a "hold" rating on the stock in a research note on Thursday, March 6th. DA Davidson reduced 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. Finally, KeyCorp reaffirmed an "underweight" rating and set a $65.00 price objective on shares of THOR Industries in a research report on Thursday, March 20th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $93.00.

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THOR Industries Stock Down 9.9 %

Shares of NYSE:THO traded down $7.80 during trading hours on Thursday, reaching $71.08. The stock had a trading volume of 1,196,071 shares, compared to its average volume of 595,321. THOR Industries, Inc. has a 1 year low of $70.83 and a 1 year high of $118.85. The firm's 50 day moving average is $91.96 and its 200-day moving average is $100.53. The stock has a market capitalization of $3.78 billion, a price-to-earnings ratio of 18.18, a P/E/G ratio of 1.16 and a beta of 1.74. 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 earnings results on Wednesday, March 5th. The construction company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.08). The business had revenue of $2.02 billion during 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 quarterly revenue was down 8.6% compared to the same quarter last year. During the same period last year, the company earned $0.13 EPS. Research analysts predict that THOR Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

THOR Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.81%. The ex-dividend date is Tuesday, April 8th. THOR Industries's dividend payout ratio (DPR) is presently 53.05%.

THOR Industries Company 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.