Proficio Capital Partners LLC Takes $58,000 Position in THOR Industries, Inc. (NYSE:THO)

Proficio Capital Partners LLC purchased a new position in THOR Industries, Inc. (NYSE:THO) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 57,790 shares of the construction company’s stock, valued at approximately $58,000. Proficio Capital Partners LLC owned approximately 0.11% of THOR Industries at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Venturi Wealth Management LLC boosted its stake in THOR Industries by 1.7% in the 4th quarter. Venturi Wealth Management LLC now owns 6,312 shares of the construction company’s stock worth $604,000 after purchasing an additional 108 shares during the period. Sanctuary Advisors LLC boosted its position in shares of THOR Industries by 0.5% in the fourth quarter. Sanctuary Advisors LLC now owns 21,614 shares of the construction company’s stock worth $2,278,000 after buying an additional 113 shares during the period. Blue Trust Inc. grew its holdings in shares of THOR Industries by 22.1% during the fourth quarter. Blue Trust Inc. now owns 669 shares of the construction company’s stock valued at $64,000 after buying an additional 121 shares in the last quarter. First Horizon Advisors Inc. raised its position 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 during the period. Finally, Crossmark Global Holdings Inc. lifted its stake in THOR Industries by 7.6% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,419 shares of the construction company’s stock worth $375,000 after acquiring an additional 242 shares in the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

Wall Street Analysts Forecast Growth

THO has been the topic of several research analyst reports. StockNews.com raised THOR Industries from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. Bank of America raised shares of THOR Industries from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $110.00 to $125.00 in a research report on Monday, March 3rd. Truist Financial dropped their price objective 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. BMO Capital Markets decreased their target price on shares of THOR Industries from $120.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Finally, DA Davidson dropped 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 note on Friday, March 7th. Four investment 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 presently has an average rating of “Moderate Buy” and an average target price of $104.00.

THOR Industries Stock Performance

THO stock opened at $76.76 on Friday. The firm has a 50 day moving average of $98.20 and a two-hundred day moving average of $103.30. THOR Industries, Inc. has a 12 month low of $75.78 and a 12 month high of $118.85. The company has a market capitalization of $4.08 billion, a price-to-earnings ratio of 19.63, a P/E/G ratio of 1.16 and a beta of 1.74. The company has a quick ratio of 0.78, a current ratio of 1.71 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 (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The business had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the company posted $0.13 earnings per share. The company’s revenue for the quarter was down 8.6% on a year-over-year basis. As a group, equities analysts anticipate that THOR Industries, Inc. will post 4.64 EPS for the current fiscal year.

THOR Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, January 6th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.00 annualized dividend and a yield of 2.61%. THOR Industries’s dividend payout ratio (DPR) is currently 53.05%.

About THOR Industries

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.