Goldman Sachs Group Inc. Sells 496,072 Shares of THOR Industries, Inc. (NYSE:THO)

Goldman Sachs Group Inc. lessened its position in THOR Industries, Inc. (NYSE:THO) by 75.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 159,903 shares of the construction company’s stock after selling 496,072 shares during the period. Goldman Sachs Group Inc. owned 0.30% of THOR Industries worth $18,909,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of THO. Choreo LLC increased its holdings in 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 purchasing an additional 53,263 shares during the period. Madison Asset Management LLC raised its holdings in shares of THOR Industries by 3.0% during the fourth quarter. Madison Asset Management LLC now owns 406,413 shares of the construction company’s stock valued at $48,058,000 after acquiring an additional 11,814 shares in the last quarter. ACR Alpine Capital Research LLC lifted its stake in 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 worth $174,165,000 after acquiring an additional 22,542 shares during the period. Gotham Asset Management LLC boosted its holdings in THOR Industries by 97.4% in the third quarter. Gotham Asset Management LLC now owns 60,403 shares of the construction company’s stock valued at $5,746,000 after acquiring an additional 29,796 shares in the last quarter. Finally, Reinhart Partners LLC. increased its position in THOR Industries by 4.9% during the 4th quarter. Reinhart Partners LLC. now owns 296,045 shares of the construction company’s stock valued at $35,007,000 after purchasing an additional 13,849 shares during the period. Hedge funds and other institutional investors own 96.71% of the company’s stock.

THOR Industries Price Performance

THO stock opened at $90.44 on Thursday. 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 50 day moving average price of $97.89 and a 200-day moving average price of $108.44. THOR Industries, Inc. has a 52-week low of $84.54 and a 52-week high of $129.31. The firm has a market capitalization of $4.81 billion, a price-to-earnings ratio of 18.34 and a beta of 1.74.

THOR Industries (NYSE:THO) last posted its quarterly earnings data 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. THOR Industries had a return on equity of 7.07% and a net margin of 2.59%. The company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same quarter last year, the company earned $2.24 EPS. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. Equities research analysts forecast that THOR Industries, Inc. will post 4.8 EPS for the current fiscal year.

THOR Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Wednesday, July 3rd will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date is Wednesday, July 3rd. THOR Industries’s payout ratio is 38.95%.

Analyst Ratings Changes

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

THOR Industries Company 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.