Vestmark Advisory Solutions Inc. Increases Stock Holdings in THOR Industries, Inc. (NYSE:THO)

Vestmark Advisory Solutions Inc. boosted its position in shares of THOR Industries, Inc. (NYSE:THO) by 3.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,697 shares of the construction company’s stock after purchasing an additional 774 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in THOR Industries were worth $3,039,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Choreo LLC raised its position in shares of THOR Industries by 23.3% during the 4th quarter. Choreo LLC now owns 282,102 shares of the construction company’s stock valued at $33,494,000 after buying an additional 53,263 shares during the period. Jump Financial LLC acquired a new position in shares of THOR Industries in the 3rd quarter valued at $489,000. Gotham Asset Management LLC grew its holdings in shares of THOR Industries by 97.4% during the 3rd quarter. Gotham Asset Management LLC now owns 60,403 shares of the construction company’s stock worth $5,746,000 after purchasing an additional 29,796 shares during the period. Reinhart Partners LLC. increased its position in shares of THOR Industries by 4.9% during the 4th quarter. Reinhart Partners LLC. now owns 296,045 shares of the construction company’s stock worth $35,007,000 after purchasing an additional 13,849 shares during the last quarter. Finally, Algert Global LLC increased its position in shares of THOR Industries by 42.4% during the 3rd quarter. Algert Global LLC now owns 48,237 shares of the construction company’s stock worth $4,589,000 after purchasing an additional 14,365 shares during the last quarter. 96.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on THO shares. TheStreet lowered shares of THOR Industries from a “b-” rating to a “c+” rating in a research note on Monday, March 18th. Robert W. Baird upped their price target on THOR Industries from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. Truist Financial lifted their price objective on THOR Industries from $96.00 to $105.00 and gave the company a “hold” rating in a research note on Tuesday, January 9th. Finally, Citigroup raised THOR Industries from a “neutral” rating to a “buy” rating and increased their target price for the stock from $111.00 to $122.00 in a research note on Friday, March 15th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $104.00.

THOR Industries Stock Up 1.3 %

THO stock traded up $1.24 during mid-day trading on Friday, reaching $99.97. The company had a trading volume of 500,947 shares, compared to its average volume of 466,771. The firm has a fifty day simple moving average of $108.80 and a 200 day simple moving average of $108.24. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.65 and a current ratio of 1.75. The company has a market capitalization of $5.33 billion, a price-to-earnings ratio of 19.84 and a beta of 1.80. THOR Industries, Inc. has a fifty-two week low of $75.93 and a fifty-two week high of $129.31.

THOR Industries (NYSE:THO) last issued its 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). THOR Industries had a net margin of 2.62% and a return on equity of 7.28%. The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same period last year, the business earned $0.50 EPS. The firm’s revenue was down 5.9% compared to the same quarter last year. Analysts forecast that THOR Industries, Inc. will post 5.37 earnings per share for the current fiscal year.

THOR Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.92%. The ex-dividend date was Monday, April 8th. THOR Industries’s dividend payout ratio (DPR) is presently 38.10%.

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.