Cwm LLC Purchases 133 Shares of THOR Industries, Inc. (NYSE:THO)

Cwm LLC boosted its position in shares of THOR Industries, Inc. (NYSE:THO) by 15.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 992 shares of the construction company’s stock after purchasing an additional 133 shares during the period. Cwm LLC’s holdings in THOR Industries were worth $116,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in THO. LVW Advisors LLC boosted its position in THOR Industries by 2.1% in the 4th quarter. LVW Advisors LLC now owns 4,430 shares of the construction company’s stock valued at $524,000 after buying an additional 91 shares during the period. Fifth Third Bancorp boosted its position in THOR Industries by 13.8% in the 4th quarter. Fifth Third Bancorp now owns 766 shares of the construction company’s stock valued at $91,000 after buying an additional 93 shares during the period. State of Michigan Retirement System boosted its position in THOR Industries by 0.8% in the 4th quarter. State of Michigan Retirement System now owns 12,818 shares of the construction company’s stock valued at $1,516,000 after buying an additional 100 shares during the period. Parallel Advisors LLC boosted its position in THOR Industries by 70.8% in the 4th quarter. Parallel Advisors LLC now owns 292 shares of the construction company’s stock valued at $35,000 after buying an additional 121 shares during the period. Finally, Parkside Financial Bank & Trust boosted its position in THOR Industries by 889.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 277 shares of the construction company’s stock valued at $26,000 after buying an additional 249 shares during the period. 96.71% of the stock is currently owned by institutional investors.

THOR Industries Trading Up 0.2 %

NYSE:THO opened at $90.89 on Monday. THOR Industries, Inc. has a 52 week low of $84.54 and a 52 week high of $129.31. The firm has a 50 day moving average of $98.51 and a 200 day moving average of $108.82. The company has a quick ratio of 0.74, a current ratio of 1.65 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of 18.44 and a beta of 1.74.

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

THOR Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Wednesday, July 3rd will be given a dividend of $0.48 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $1.92 dividend on an annualized basis and a yield of 2.11%. THOR Industries’s payout ratio is 38.95%.

Analyst Upgrades and Downgrades

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

About THOR Industries

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.