THOR Industries, Inc. (NYSE:THO) Position Increased by Vanguard Group Inc.

Vanguard Group Inc. grew its position in THOR Industries, Inc. (NYSE:THO) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,295,044 shares of the construction company’s stock after buying an additional 24,985 shares during the quarter. Vanguard Group Inc. owned approximately 9.93% of THOR Industries worth $626,139,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in THO. Envestnet Portfolio Solutions Inc. purchased a new position in THOR Industries during the 3rd quarter worth approximately $541,000. Invesco Ltd. boosted its position in shares of THOR Industries by 93.4% in the third quarter. Invesco Ltd. now owns 353,098 shares of the construction company’s stock worth $33,590,000 after buying an additional 170,486 shares during the period. Dark Forest Capital Management LP grew its holdings in shares of THOR Industries by 55.0% during the third quarter. Dark Forest Capital Management LP now owns 9,765 shares of the construction company’s stock valued at $929,000 after buying an additional 3,464 shares in the last quarter. Mariner LLC raised its position in THOR Industries by 2.3% during the third quarter. Mariner LLC now owns 55,082 shares of the construction company’s stock valued at $5,240,000 after buying an additional 1,255 shares during the period. Finally, Stifel Financial Corp lifted its stake in THOR Industries by 0.7% in the 3rd quarter. Stifel Financial Corp now owns 183,784 shares of the construction company’s stock worth $17,483,000 after acquiring an additional 1,332 shares in the last quarter. 96.71% of the stock is owned by hedge funds and other institutional investors.

THOR Industries Price Performance

Shares of THO opened at $90.89 on Monday. 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 firm has a market cap of $4.84 billion, a PE ratio of 18.44 and a beta of 1.74. The firm’s 50 day moving average price is $98.51 and its 200 day moving average price is $108.82. THOR Industries, Inc. has a twelve month low of $84.54 and a twelve month 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, beating analysts’ consensus estimates of $1.89 by $0.24. The business had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.73 billion. THOR Industries had a net margin of 2.59% and a return on equity of 7.07%. THOR Industries’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.24 EPS. As a group, research analysts expect that THOR Industries, Inc. will post 4.8 EPS for the current fiscal year.

THOR Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Wednesday, July 3rd will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.92 annualized dividend and a dividend yield of 2.11%. THOR Industries’s dividend payout ratio (DPR) is presently 38.95%.

Analyst Ratings Changes

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

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.