Steward Partners Investment Advisory LLC Sells 136 Shares of THOR Industries, Inc. (NYSE:THO)

Steward Partners Investment Advisory LLC decreased its position in THOR Industries, Inc. (NYSE:THO) by 31.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 291 shares of the construction company’s stock after selling 136 shares during the period. Steward Partners Investment Advisory LLC’s holdings in THOR Industries were worth $28,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of THO. First Horizon Advisors Inc. boosted its stake in THOR Industries by 57.3% in the 4th quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock worth $32,000 after purchasing an additional 121 shares in the last quarter. Brooklyn Investment Group bought a new position in THOR Industries during the 3rd quarter valued at about $38,000. Stonebridge Financial Group LLC bought a new position in THOR Industries during the 4th quarter valued at about $51,000. Anchor Investment Management LLC bought a new position in THOR Industries during the 3rd quarter valued at about $58,000. Finally, Proficio Capital Partners LLC bought a new position in THOR Industries during the 4th quarter valued at about $58,000. Institutional investors own 96.71% of the company’s stock.

Analyst Upgrades and Downgrades

THO has been the topic of several research analyst reports. StockNews.com upgraded shares of THOR Industries from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. BMO Capital Markets lowered their target price on shares of THOR Industries from $120.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Benchmark restated a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. Citigroup cut shares of THOR Industries from a “buy” rating to a “neutral” rating and lowered their target price for the company from $94.00 to $86.00 in a research note on Wednesday. Finally, Truist Financial lowered their target price on shares of THOR Industries from $110.00 to $90.00 and set a “hold” rating on the stock in a research note on Thursday, March 6th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $97.67.

THOR Industries Price Performance

Shares of NYSE:THO opened at $81.17 on Thursday. The firm’s 50 day moving average price is $96.69 and its 200-day moving average price is $102.36. THOR Industries, Inc. has a twelve month low of $75.78 and a twelve 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 stock has a market capitalization of $4.32 billion, a PE ratio of 20.76, a price-to-earnings-growth ratio of 1.16 and a beta of 1.74.

THOR Industries (NYSE:THO) last issued its quarterly earnings data on Wednesday, March 5th. The construction company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.08). The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate 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 last year, the company earned $0.13 EPS. Equities research analysts expect that THOR Industries, Inc. will post 4.64 EPS for the current year.

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.