THOR Industries, Inc. (NYSE:THO) Shares Sold by Eagle Ridge Investment Management

Eagle Ridge Investment Management lessened its position in THOR Industries, Inc. (NYSE:THO) by 0.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 104,708 shares of the construction company’s stock after selling 132 shares during the quarter. Eagle Ridge Investment Management’s holdings in THOR Industries were worth $12,286,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the company. Choreo LLC raised its stake in THOR Industries by 23.3% in the 4th quarter. Choreo LLC now owns 282,102 shares of the construction company’s stock valued at $33,494,000 after purchasing an additional 53,263 shares during the last quarter. Madison Asset Management LLC raised its position in shares of THOR Industries by 3.0% in the fourth quarter. Madison Asset Management LLC now owns 406,413 shares of the construction company’s stock valued at $48,058,000 after buying an additional 11,814 shares during the last quarter. ACR Alpine Capital Research LLC raised its position in shares of THOR Industries by 1.6% in the fourth quarter. ACR Alpine Capital Research LLC now owns 1,472,852 shares of the construction company’s stock valued at $174,165,000 after buying an additional 22,542 shares during the last quarter. ARGA Investment Management LP purchased a new position in shares of THOR Industries in the first quarter worth about $1,046,000. Finally, Reinhart Partners LLC. boosted its position in THOR Industries by 4.9% during the fourth quarter. Reinhart Partners LLC. now owns 296,045 shares of the construction company’s stock worth $35,007,000 after acquiring an additional 13,849 shares during the last quarter. 96.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have commented on THO. Citigroup cut their price objective on shares of THOR Industries from $120.00 to $113.00 and set a “buy” rating for the company in a report on Friday, June 7th. TheStreet cut THOR Industries from a “b-” rating to a “c+” rating in a report on Monday, March 18th. Robert W. Baird lowered their price objective on THOR Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, June 6th. Finally, Truist Financial cut their target price on THOR Industries from $100.00 to $95.00 and set a “hold” rating for the company in a research note on Thursday, June 6th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, THOR Industries presently has a consensus rating of “Moderate Buy” and a consensus target price of $102.00.

THOR Industries Trading Up 1.6 %

THOR Industries stock traded up $1.51 during mid-day trading on Tuesday, hitting $93.53. The company’s stock had a trading volume of 478,768 shares, compared to its average volume of 485,540. The stock’s fifty day moving average is $97.47 and its two-hundred day moving average is $108.03. The company has a current ratio of 1.65, a quick ratio of 0.74 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $4.98 billion, a PE ratio of 19.06 and a beta of 1.72. THOR Industries, Inc. has a 1 year low of $84.54 and a 1 year high of $129.31.

THOR Industries (NYSE:THO) last released its quarterly earnings results on Wednesday, June 5th. The construction company reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.24. The business had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.73 billion. THOR Industries had a return on equity of 7.07% and a net margin of 2.59%. The company’s revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the business posted $2.24 EPS. On average, analysts anticipate that THOR Industries, Inc. will post 4.8 EPS for the current year.

THOR Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Wednesday, July 3rd will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Wednesday, July 3rd. THOR Industries’s dividend payout ratio is presently 38.95%.

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.