Corebridge Financial Inc. Lowers Holdings in THOR Industries, Inc. (NYSE:THO)

Corebridge Financial Inc. trimmed its position in shares of THOR Industries, Inc. (NYSE:THOFree Report) by 4.5% during the 4th quarter, HoldingsChannel.com reports. The firm owned 60,070 shares of the construction company’s stock after selling 2,823 shares during the period. Corebridge Financial Inc.’s holdings in THOR Industries were worth $5,749,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Venturi Wealth Management LLC lifted its stake in shares of THOR Industries by 1.7% in the fourth quarter. Venturi Wealth Management LLC now owns 6,312 shares of the construction company’s stock worth $604,000 after buying an additional 108 shares in the last quarter. Sanctuary Advisors LLC raised its holdings in THOR Industries by 0.5% in the 4th quarter. Sanctuary Advisors LLC now owns 21,614 shares of the construction company’s stock worth $2,278,000 after acquiring an additional 113 shares during the last quarter. Blue Trust Inc. lifted its position in THOR Industries by 22.1% in the 4th quarter. Blue Trust Inc. now owns 669 shares of the construction company’s stock valued at $64,000 after acquiring an additional 121 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in THOR Industries by 57.3% during 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. Finally, Perigon Wealth Management LLC increased its holdings in shares of THOR Industries by 8.4% in the 4th quarter. Perigon Wealth Management LLC now owns 3,266 shares of the construction company’s stock worth $340,000 after purchasing an additional 253 shares in the last quarter. 96.71% of the stock is owned by hedge funds and other institutional investors.

THOR Industries Stock Performance

THO opened at $77.02 on Friday. THOR Industries, Inc. has a 12-month low of $75.78 and a 12-month high of $118.85. The company has a market cap of $4.10 billion, a price-to-earnings ratio of 19.70, a PEG ratio of 1.16 and a beta of 1.74. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26. The company’s 50 day moving average is $94.11 and its 200 day moving average is $101.21.

THOR Industries (NYSE:THOGet Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The construction company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate 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 in the previous year, the firm earned $0.13 EPS. On average, equities research analysts predict that THOR Industries, Inc. will post 4.64 EPS for the current year.

THOR Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date of this dividend is Tuesday, April 8th. THOR Industries’s payout ratio is 53.05%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on THO. StockNews.com raised THOR Industries from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. Bank of America upgraded shares of THOR Industries from a “neutral” rating to a “buy” rating and upped their target price for the company from $110.00 to $125.00 in a research note on Monday, March 3rd. BMO Capital Markets reduced their price target on shares of THOR Industries from $120.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Citigroup cut shares of THOR Industries from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $94.00 to $86.00 in a report on Wednesday, March 19th. Finally, KeyCorp reaffirmed an “underweight” rating and issued a $65.00 target price on shares of THOR Industries in a research report on Thursday, March 20th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $93.00.

Check Out Our Latest Report on THO

THOR Industries Profile

(Free Report)

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.

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Institutional Ownership by Quarter for THOR Industries (NYSE:THO)

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