Ontario Teachers Pension Plan Board Has $1.64 Million Holdings in THOR Industries, Inc. (NYSE:THO)

Ontario Teachers Pension Plan Board increased its stake in shares of THOR Industries, Inc. (NYSE:THO) by 0.8% in the first quarter, Holdings Channel reports. The firm owned 13,960 shares of the construction company’s stock after buying an additional 108 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in THOR Industries were worth $1,638,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in THO. Vanguard Group Inc. grew its stake in shares of THOR Industries by 4.1% during the third quarter. Vanguard Group Inc. now owns 5,270,059 shares of the construction company’s stock worth $501,341,000 after purchasing an additional 208,343 shares during the period. Raymond James Trust N.A. acquired a new stake in shares of THOR Industries during the fourth quarter worth $203,000. SG Americas Securities LLC lifted its holdings in THOR Industries by 72.6% during the fourth quarter. SG Americas Securities LLC now owns 1,818 shares of the construction company’s stock worth $215,000 after acquiring an additional 765 shares in the last quarter. LVW Advisors LLC lifted its holdings in THOR Industries by 2.1% during the fourth quarter. LVW Advisors LLC now owns 4,430 shares of the construction company’s stock worth $524,000 after acquiring an additional 91 shares in the last quarter. Finally, Raymond James & Associates lifted its holdings in THOR Industries by 2.2% during the fourth quarter. Raymond James & Associates now owns 300,082 shares of the construction company’s stock worth $35,485,000 after acquiring an additional 6,492 shares in the last quarter. 96.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on THO. Benchmark began coverage on THOR Industries in a report on Thursday, July 18th. They set a “hold” rating on the stock. Truist Financial reduced their target price on THOR Industries from $100.00 to $95.00 and set a “hold” rating on the stock in a report on Thursday, June 6th. Citigroup reduced their target price on THOR Industries from $120.00 to $113.00 and set a “buy” rating on the stock in a report on Friday, June 7th. Finally, Robert W. Baird reduced their target price on THOR Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, June 6th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $102.00.

THOR Industries Stock Down 3.2 %

THO traded down $3.21 on Tuesday, hitting $96.97. 27,754 shares of the company were exchanged, compared to its average volume of 486,643. THOR Industries, Inc. has a 12 month low of $84.54 and a 12 month high of $129.31. The company has a market cap of $5.16 billion, a PE ratio of 20.33 and a beta of 1.72. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.74 and a current ratio of 1.65. The stock’s fifty day moving average is $95.85 and its 200-day moving average is $105.81.

THOR Industries (NYSE:THO) last announced 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 firm had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.73 billion. THOR Industries had a return on equity of 7.07% and a net margin of 2.59%. The business’s revenue was down 4.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.24 earnings per share. Equities research analysts predict that THOR Industries, Inc. will post 4.79 EPS for the current fiscal year.

THOR Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Wednesday, July 3rd were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.98%. The ex-dividend date of this dividend was Wednesday, July 3rd. THOR Industries’s dividend payout ratio is currently 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.