Bare Financial Services Inc Acquires New Shares in THOR Industries, Inc. (NYSE:THO)

Bare Financial Services Inc acquired a new stake in THOR Industries, Inc. (NYSE:THO) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,183 shares of the construction company’s stock, valued at approximately $140,000. THOR Industries comprises approximately 0.3% of Bare Financial Services Inc’s investment portfolio, making the stock its 29th biggest position.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Parkside Financial Bank & Trust increased its holdings in shares of THOR Industries by 889.3% in the third quarter. Parkside Financial Bank & Trust now owns 277 shares of the construction company’s stock worth $26,000 after acquiring an additional 249 shares in the last quarter. Smithfield Trust Co increased its holdings in shares of THOR Industries by 127.2% in the third quarter. Smithfield Trust Co now owns 284 shares of the construction company’s stock worth $27,000 after acquiring an additional 159 shares in the last quarter. GAMMA Investing LLC bought a new stake in shares of THOR Industries in the fourth quarter worth about $47,000. Planned Solutions Inc. bought a new stake in shares of THOR Industries in the fourth quarter worth about $62,000. Finally, Signaturefd LLC grew its holdings in shares of THOR Industries by 121.5% during the third quarter. Signaturefd LLC now owns 731 shares of the construction company’s stock worth $70,000 after buying an additional 401 shares in the last quarter. Institutional investors own 96.71% of the company’s stock.

THOR Industries Stock Performance

Shares of THO traded up $0.57 during mid-day trading on Thursday, reaching $98.70. The company’s stock had a trading volume of 538,224 shares, compared to its average volume of 468,132. THOR Industries, Inc. has a 1-year low of $75.93 and a 1-year high of $129.31. The stock has a market cap of $5.26 billion, a P/E ratio of 19.63 and a beta of 1.80. The business has a 50-day simple moving average of $109.76 and a two-hundred day simple moving average of $108.16. The company has a current ratio of 1.75, a quick ratio of 0.65 and a debt-to-equity ratio of 0.35.

THOR Industries (NYSE:THO) last released its quarterly earnings results on Wednesday, March 6th. The construction company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.54). The firm had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.27 billion. THOR Industries had a return on equity of 7.28% and a net margin of 2.62%. The business’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.50 earnings per share. As a group, equities research analysts anticipate that THOR Industries, Inc. will post 5.37 earnings per share for the current fiscal year.

THOR Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Monday, April 8th. This represents a $1.92 dividend on an annualized basis and a yield of 1.95%. THOR Industries’s dividend payout ratio (DPR) is presently 38.10%.

Wall Street Analyst Weigh In

THO has been the subject of a number of research reports. TheStreet downgraded THOR Industries from a “b-” rating to a “c+” rating in a report on Monday, March 18th. Robert W. Baird increased their price objective on THOR Industries from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Citigroup upgraded THOR Industries from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $111.00 to $122.00 in a report on Friday, March 15th. Finally, Truist Financial increased their price objective on THOR Industries from $96.00 to $105.00 and gave the stock a “hold” rating in a report on Tuesday, January 9th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $104.00.

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.