Wealthfront Advisers LLC Invests $1.01 Million in THOR Industries, Inc. (NYSE:THO)

Wealthfront Advisers LLC purchased a new position in shares of THOR Industries, Inc. (NYSE:THO - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,510 shares of the construction company's stock, valued at approximately $1,006,000.

Several other large investors also recently made changes to their positions in THO. ACR Alpine Capital Research LLC boosted its stake 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 acquiring an additional 619,318 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of THOR Industries during the 4th quarter worth about $52,497,000. JPMorgan Chase & Co. boosted its stake in shares of THOR Industries by 37.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company's stock worth $165,078,000 after acquiring an additional 411,466 shares in the last quarter. Natixis Advisors LLC boosted its stake in shares of THOR Industries by 51.3% during the 3rd quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company's stock worth $55,486,000 after acquiring an additional 171,244 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of THOR Industries by 46.4% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 501,479 shares of the construction company's stock worth $55,108,000 after acquiring an additional 159,022 shares in the last quarter. Institutional investors own 96.71% of the company's stock.

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THOR Industries Stock Performance

THOR Industries stock traded down $0.64 during trading hours on Wednesday, hitting $81.17. The stock had a trading volume of 914,927 shares, compared to its average volume of 560,730. The company has a 50-day moving average of $96.97 and a two-hundred day moving average of $102.50. 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 company has a market cap of $4.32 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 1.16 and a beta of 1.74. THOR Industries, Inc. has a fifty-two week low of $75.78 and a fifty-two week high of $118.85.

THOR Industries (NYSE:THO - Get Free Report) last posted its quarterly 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 firm had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.98 billion. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The company's revenue was down 8.6% on a year-over-year basis. During the same period last year, the company earned $0.13 EPS. On average, equities research analysts anticipate that THOR Industries, Inc. will post 4.64 EPS for the current fiscal year.

THOR Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, January 6th were issued a $0.50 dividend. The ex-dividend date was Monday, January 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.46%. THOR Industries's payout ratio is presently 53.05%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Robert W. Baird cut their price objective on THOR Industries from $110.00 to $100.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Citigroup cut THOR Industries from a "buy" rating to a "neutral" rating and cut their price objective for the stock from $94.00 to $86.00 in a research report on Wednesday. Benchmark reissued a "hold" rating on shares of THOR Industries in a research report on Tuesday, December 3rd. BMO Capital Markets cut their price objective on THOR Industries from $120.00 to $105.00 and set an "outperform" rating for the company in a research report on Thursday, March 6th. Finally, DA Davidson cut their price objective on THOR Industries from $95.00 to $80.00 and set a "neutral" rating for the company in a research report on Friday, March 7th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, THOR Industries presently has an average rating of "Hold" and an average price target of $97.67.

About THOR Industries

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.