Wells Fargo & Company MN Decreases Stock Position in THOR Industries, Inc. (NYSE:THO)

Wells Fargo & Company MN cut its holdings in shares of THOR Industries, Inc. (NYSE:THO - Free Report) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 705,361 shares of the construction company's stock after selling 9,984 shares during the period. Wells Fargo & Company MN owned 1.33% of THOR Industries worth $67,510,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of THO. Atala Financial Inc bought a new position in shares of THOR Industries during the fourth quarter worth about $27,000. First Horizon Advisors Inc. increased its stake 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 purchasing an additional 121 shares during the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of THOR Industries by 369.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 418 shares of the construction company's stock worth $40,000 after buying an additional 329 shares in the last quarter. Stonebridge Financial Group LLC acquired a new position in shares of THOR Industries in the fourth quarter valued at approximately $51,000. Finally, Tortoise Investment Management LLC increased its holdings 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 purchasing an additional 253 shares during the period. Institutional investors own 96.71% of the company's stock.

THOR Industries Price Performance

NYSE:THO traded down $1.53 during trading hours on Monday, reaching $67.44. The stock had a trading volume of 168,945 shares, compared to its average volume of 615,285. THOR Industries, Inc. has a 52 week low of $63.16 and a 52 week high of $118.85. The stock has a market capitalization of $3.59 billion, a PE ratio of 17.25, a PEG ratio of 1.16 and a beta of 1.59. The company has a 50 day moving average price of $86.61 and a two-hundred day moving average price of $98.45. 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 quarterly earnings data on Wednesday, March 5th. The construction company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.08). The firm had revenue of $2.02 billion during the quarter, compared to analysts' expectations of $1.98 billion. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The business's revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period last year, the company earned $0.13 earnings per share. As a group, sell-side analysts anticipate that THOR Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

THOR Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.97%. The ex-dividend date is Tuesday, April 8th. THOR Industries's payout ratio is 53.05%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on THO shares. Bank of America raised THOR Industries from a "neutral" rating to a "buy" rating and boosted their price target for the company from $110.00 to $125.00 in a research note on Monday, March 3rd. Citigroup lowered shares of THOR Industries from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $94.00 to $86.00 in a research note on Wednesday, March 19th. Robert W. Baird downgraded shares of THOR Industries from an "outperform" rating to a "neutral" rating and cut their price objective for the stock from $100.00 to $85.00 in a report on Friday, April 4th. Truist Financial dropped their price target on THOR Industries from $90.00 to $72.00 and set a "hold" rating for the company in a research note on Monday. Finally, BMO Capital Markets dropped their target price 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. 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 company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $88.29.

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.