THOR Industries, Inc. (NYSE:THO) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. lowered its stake in THOR Industries, Inc. (NYSE:THO) by 53.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,015 shares of the construction company’s stock after selling 2,279 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in THOR Industries were worth $239,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Vanguard Group Inc. grew its stake in THOR Industries by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 5,295,044 shares of the construction company’s stock valued at $626,139,000 after purchasing an additional 24,985 shares in the last quarter. Virtu Financial LLC purchased a new stake in THOR Industries during the 4th quarter worth approximately $274,000. Cim LLC purchased a new stake in THOR Industries during the 4th quarter worth approximately $213,000. Woodward Diversified Capital LLC purchased a new stake in THOR Industries during the 4th quarter worth approximately $213,000. Finally, Scout Investments Inc. increased its holdings in THOR Industries by 89.7% during the 4th quarter. Scout Investments Inc. now owns 239,396 shares of the construction company’s stock worth $28,309,000 after purchasing an additional 113,201 shares during the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Truist Financial dropped their price objective on THOR Industries from $100.00 to $95.00 and set a “hold” rating on the stock in a report on Thursday, June 6th. TheStreet downgraded THOR Industries from a “b-” rating to a “c+” rating in a report on Monday, March 18th. Robert W. Baird dropped their price objective on THOR Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, June 6th. Finally, Citigroup decreased their target price on THOR Industries from $120.00 to $113.00 and set a “buy” rating for the company in a research report on Friday, June 7th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, THOR Industries presently has a consensus rating of “Moderate Buy” and an average target price of $102.00.

THOR Industries Price Performance

Shares of THO opened at $91.85 on Friday. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of 18.63 and a beta of 1.74. The stock has a 50 day moving average of $97.77 and a 200-day moving average of $108.33. The company has a current ratio of 1.65, a quick ratio of 0.74 and a debt-to-equity ratio of 0.30. THOR Industries, Inc. has a 52 week low of $84.54 and a 52 week high of $129.31.

THOR Industries (NYSE:THO) last issued its earnings results on Wednesday, June 5th. The construction company reported $2.13 EPS for the quarter, topping the consensus estimate 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 firm earned $2.24 EPS. The business’s revenue was down 4.4% on a year-over-year basis. As a group, analysts forecast that THOR Industries, Inc. will post 4.8 EPS for the current year.

THOR Industries Announces Dividend

The business also recently disclosed 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 of this dividend is Wednesday, July 3rd. This represents a $1.92 dividend on an annualized basis and a yield of 2.09%. THOR Industries’s dividend payout ratio is currently 38.95%.

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.