THOR Industries, Inc. (NYSE:THO) Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP trimmed its holdings in shares of THOR Industries, Inc. (NYSE:THO - Free Report) by 42.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,449 shares of the construction company's stock after selling 29,455 shares during the quarter. Wellington Management Group LLP owned 0.08% of THOR Industries worth $3,871,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Atala Financial Inc purchased a new stake in shares of THOR Industries during the fourth quarter worth about $27,000. First Horizon Advisors Inc. boosted its stake in THOR Industries by 57.3% in the 4th 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. Brown Brothers Harriman & Co. grew its position in THOR Industries by 369.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 418 shares of the construction company's stock worth $40,000 after purchasing an additional 329 shares during the last quarter. Anchor Investment Management LLC purchased a new position in shares of THOR Industries in the third quarter worth $58,000. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of THOR Industries during the fourth quarter worth $51,000. 96.71% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. 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. Citigroup cut THOR Industries from a "buy" rating to a "neutral" rating and reduced their price objective for the stock from $94.00 to $86.00 in a research note on Wednesday, March 19th. KeyCorp dropped 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. Baird R W cut shares of THOR Industries from a "strong-buy" rating to a "hold" rating in a research note on Friday, April 4th. Finally, Robert W. Baird cut shares of THOR Industries from an "outperform" rating to a "neutral" rating and reduced their target price for the stock from $100.00 to $85.00 in a report on Friday, April 4th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, THOR Industries currently has an average rating of "Hold" and an average price target of $87.57.

THOR Industries Stock Performance

THO traded up $0.18 on Thursday, reaching $68.23. The stock had a trading volume of 106,657 shares, compared to its average volume of 621,040. The business's 50-day moving average price is $84.70 and its two-hundred day moving average price is $97.76. The company has a market cap of $3.63 billion, a P/E ratio of 17.47, a price-to-earnings-growth ratio of 1.16 and a beta of 1.59. 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 announced its quarterly earnings results 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). 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%. THOR Industries's revenue for the quarter was down 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.13 EPS. Sell-side analysts forecast that THOR Industries, Inc. will post 4.64 earnings per share for the current 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. The ex-dividend date is Tuesday, April 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.93%. THOR Industries's dividend payout ratio (DPR) is 53.05%.

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.