THOR Industries, Inc. (NYSE:THO) Position Increased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its position in shares of THOR Industries, Inc. (NYSE:THO) by 1.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 611,890 shares of the construction company’s stock after buying an additional 10,455 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.15% of THOR Industries worth $58,564,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Van ECK Associates Corp purchased a new stake in THOR Industries during the third quarter valued at about $32,000. First Horizon Advisors Inc. lifted its stake in THOR Industries by 57.3% during the fourth quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock valued at $32,000 after buying an additional 121 shares in the last quarter. Brooklyn Investment Group acquired a new position in shares of THOR Industries in the 3rd quarter valued at about $38,000. Stonebridge Financial Group LLC acquired a new position in shares of THOR Industries in the 4th quarter valued at about $51,000. Finally, Anchor Investment Management LLC acquired a new position in shares of THOR Industries in the 3rd quarter valued at about $58,000. 96.71% of the stock is owned by hedge funds and other institutional investors.

THOR Industries Trading Down 0.5 %

Shares of THO stock opened at $78.41 on Thursday. THOR Industries, Inc. has a 12 month low of $77.11 and a 12 month high of $118.85. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. The business’s 50 day moving average is $98.20 and its two-hundred day moving average is $103.30. The company has a market cap of $4.17 billion, a PE ratio of 20.05, a price-to-earnings-growth ratio of 1.16 and a beta of 1.74.

THOR Industries (NYSE:THO) last announced its quarterly 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). THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The company had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same quarter last year, the business earned $0.13 EPS. The company’s revenue for the quarter was down 8.6% on a year-over-year basis. Equities analysts predict that THOR Industries, Inc. will post 4.64 EPS for the current year.

THOR Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, January 6th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.00 annualized dividend and a yield of 2.55%. THOR Industries’s dividend payout ratio (DPR) is presently 53.05%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on THO. Bank of America upgraded THOR Industries from a “neutral” rating to a “buy” rating and upped their target price for the company from $110.00 to $125.00 in a report on Monday, March 3rd. Benchmark reiterated a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. Truist Financial dropped their target price on THOR Industries from $110.00 to $90.00 and set a “hold” rating on the stock in a report on Thursday, March 6th. Robert W. Baird dropped their target price on THOR Industries from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Finally, DA Davidson dropped their price objective on THOR Industries from $95.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. 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, THOR Industries presently has an average rating of “Moderate Buy” and a consensus price target of $104.00.

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.