Sei Investments Co. Sells 25,956 Shares of THOR Industries, Inc. (NYSE:THO)

Sei Investments Co. cut its position in THOR Industries, Inc. (NYSE:THO) by 38.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 41,132 shares of the construction company’s stock after selling 25,956 shares during the period. Sei Investments Co. owned about 0.08% of THOR Industries worth $3,937,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Atala Financial Inc bought a new stake in THOR Industries in the 4th quarter valued at $27,000. First Horizon Advisors Inc. raised its stake in shares of THOR Industries by 57.3% in the 4th quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock valued at $32,000 after purchasing an additional 121 shares during the period. Anchor Investment Management LLC bought a new stake in shares of THOR Industries in the third quarter valued at about $58,000. Stonebridge Financial Group LLC acquired a new position in shares of THOR Industries during the fourth quarter worth about $51,000. Finally, Tortoise Investment Management LLC grew its holdings in shares of THOR Industries by 78.3% during the fourth quarter. Tortoise Investment Management LLC now owns 576 shares of the construction company’s stock worth $55,000 after buying an additional 253 shares in the last quarter. 96.71% of the stock is owned by institutional investors.

THOR Industries Stock Up 3.0 %

THO opened at $78.89 on Thursday. The stock’s fifty day simple moving average is $92.58 and its 200 day simple moving average is $100.74. THOR Industries, Inc. has a 1-year low of $74.95 and a 1-year high of $118.85. The stock has a market cap of $4.20 billion, a PE ratio of 20.18, a price-to-earnings-growth ratio of 1.16 and a beta of 1.74. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26.

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). 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 during the quarter, compared to the consensus estimate of $1.98 billion. During the same period in the previous year, the company earned $0.13 earnings per share. THOR Industries’s revenue for the quarter was down 8.6% compared to the same quarter last year. As a group, research analysts expect that THOR Industries, Inc. will post 4.64 earnings per share for the current year.

THOR Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, April 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.54%. THOR Industries’s payout ratio is 53.05%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. DA Davidson cut their price target on shares of THOR Industries from $95.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Citigroup lowered THOR Industries from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $94.00 to $86.00 in a report on Wednesday, March 19th. StockNews.com upgraded THOR Industries from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. Truist Financial cut their price objective on THOR Industries from $110.00 to $90.00 and set a “hold” rating for the company in a report on Thursday, March 6th. Finally, Robert W. Baird lowered 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. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, THOR Industries has an average rating of “Hold” and a consensus target price of $93.00.

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.