Frazier Financial Advisors LLC Boosts Stock Holdings in THOR Industries, Inc. (NYSE:THO)

Frazier Financial Advisors LLC raised its holdings in shares of THOR Industries, Inc. (NYSE:THO) by 22.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,234 shares of the construction company’s stock after acquiring an additional 1,719 shares during the quarter. THOR Industries comprises approximately 0.7% of Frazier Financial Advisors LLC’s portfolio, making the stock its 20th biggest holding. Frazier Financial Advisors LLC’s holdings in THOR Industries were worth $871,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Atala Financial Inc purchased a new stake in shares of THOR Industries in the 4th quarter valued at about $27,000. First Horizon Advisors Inc. raised its stake in shares of 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 acquiring an additional 121 shares in the last quarter. Brooklyn Investment Group purchased a new stake in THOR Industries during the 3rd quarter valued at about $38,000. Stonebridge Financial Group LLC purchased a new position in shares of THOR Industries in the fourth quarter worth $51,000. Finally, Tortoise Investment Management LLC increased its stake in shares of THOR Industries by 78.3% in 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. Institutional investors own 96.71% of the company’s stock.

THOR Industries Stock Performance

Shares of THO opened at $80.77 on Friday. THOR Industries, Inc. has a 52 week low of $75.78 and a 52 week high of $118.85. 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 stock has a market cap of $4.30 billion, a P/E ratio of 20.66, a P/E/G ratio of 1.16 and a beta of 1.74. The business’s 50 day moving average price is $94.61 and its 200-day moving average price is $101.36.

THOR Industries (NYSE:THO) last released its earnings results on Wednesday, March 5th. The construction company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). The company 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 company’s revenue was down 8.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.13 earnings per share. Equities research analysts anticipate that THOR Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

THOR Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.48%. The ex-dividend date of this dividend is Tuesday, April 8th. THOR Industries’s payout ratio is 53.05%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Bank of America upgraded shares of THOR Industries from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $110.00 to $125.00 in a research report on Monday, March 3rd. Robert W. Baird dropped their price objective 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 THOR Industries from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. Benchmark reiterated a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. Finally, Citigroup lowered shares of THOR Industries from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $94.00 to $86.00 in a report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, THOR Industries has an average rating of “Hold” and a consensus price target of $93.00.

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.