Keybank National Association OH Decreases Stake in THOR Industries, Inc. (NYSE:THO)

Keybank National Association OH lowered its position in THOR Industries, Inc. (NYSE:THO) by 13.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,714 shares of the construction company’s stock after selling 432 shares during the quarter. Keybank National Association OH’s holdings in THOR Industries were worth $260,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in THOR Industries by 37.7% during the third quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock worth $165,078,000 after purchasing an additional 411,466 shares in the last quarter. Natixis Advisors LLC raised its holdings in THOR Industries by 51.3% during the third quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company’s stock worth $55,486,000 after purchasing an additional 171,244 shares in the last quarter. State Street Corp raised its holdings in THOR Industries by 2.1% during the third quarter. State Street Corp now owns 1,624,002 shares of the construction company’s stock worth $178,462,000 after purchasing an additional 33,619 shares in the last quarter. Salvus Wealth Management LLC raised its holdings in THOR Industries by 19.4% during the fourth quarter. Salvus Wealth Management LLC now owns 42,168 shares of the construction company’s stock worth $4,036,000 after purchasing an additional 6,838 shares in the last quarter. Finally, FMR LLC raised its holdings in THOR Industries by 8.0% during the third quarter. FMR LLC now owns 29,716 shares of the construction company’s stock worth $3,265,000 after purchasing an additional 2,205 shares in the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on THO shares. Bank of America raised shares of THOR Industries from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $110.00 to $125.00 in a report on Monday, March 3rd. BMO Capital Markets cut their target price on shares of THOR Industries from $120.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Robert W. Baird cut their target price on shares of THOR Industries from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. DA Davidson cut their target price on shares of THOR Industries from $95.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Finally, Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $104.00.

THOR Industries Stock Performance

Shares of THO opened at $79.05 on Wednesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71. The stock has a market capitalization of $4.21 billion, a P/E ratio of 20.22, a P/E/G ratio of 1.16 and a beta of 1.74. The company’s fifty day moving average is $98.55 and its two-hundred day moving average is $103.48. THOR Industries, Inc. has a 1 year low of $77.11 and a 1 year high of $118.85.

THOR Industries (NYSE:THO) last issued its earnings results on Wednesday, March 5th. The construction company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.08). The company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.98 billion. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. THOR Industries’s revenue for the quarter was down 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 earnings per share. On average, sell-side analysts predict that THOR Industries, Inc. will post 4.64 earnings per share for the current year.

THOR Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, January 6th were given a dividend of $0.50 per share. The ex-dividend date was Monday, January 6th. This represents a $2.00 annualized dividend and a dividend yield of 2.53%. THOR Industries’s payout ratio is currently 53.05%.

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.