THOR Industries, Inc. (NYSE:THO) Position Cut by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. trimmed its holdings in THOR Industries, Inc. (NYSE:THO) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,048 shares of the construction company’s stock after selling 614 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in THOR Industries were worth $2,876,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in THO. Van ECK Associates Corp bought a new position in THOR Industries in the 3rd quarter worth approximately $32,000. First Horizon Advisors Inc. grew its holdings 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 buying an additional 121 shares in the last quarter. Brooklyn Investment Group bought a new position in THOR Industries in the 3rd quarter worth approximately $38,000. Stonebridge Financial Group LLC bought a new position in THOR Industries in the 4th quarter worth approximately $51,000. Finally, Anchor Investment Management LLC acquired a new stake in THOR Industries in the third quarter worth approximately $58,000. 96.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on THO shares. StockNews.com upgraded THOR Industries from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. Robert W. Baird cut their target price on THOR Industries from $110.00 to $100.00 and set an “outperform” rating for the company in a research report on Thursday. BMO Capital Markets cut their target price on THOR Industries from $120.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday. Benchmark reiterated a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. Finally, Truist Financial cut their price objective on THOR Industries from $110.00 to $90.00 and set a “hold” rating for the company in a research report on Thursday. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $106.50.

THOR Industries Price Performance

Shares of NYSE:THO opened at $86.56 on Friday. The stock has a fifty day moving average of $99.52 and a 200-day moving average of $104.04. The company has a market capitalization of $4.61 billion, a PE ratio of 22.14, a price-to-earnings-growth ratio of 1.16 and a beta of 1.69. THOR Industries, Inc. has a one year low of $78.88 and a one year high of $118.85. 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) last released its earnings results 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 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 previous year, the company earned $0.13 EPS. As a group, equities analysts anticipate that THOR Industries, Inc. will post 4.64 EPS for the current fiscal year.

THOR Industries Announces Dividend

The firm 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 of this dividend was Monday, January 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.31%. THOR Industries’s payout ratio is currently 51.15%.

THOR Industries 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.