Natixis Advisors LLC Buys 12,948 Shares of THOR Industries, Inc. (NYSE:THO)

Natixis Advisors LLC boosted its holdings in shares of THOR Industries, Inc. (NYSE:THO) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 517,870 shares of the construction company’s stock after purchasing an additional 12,948 shares during the quarter. Natixis Advisors LLC owned about 0.97% of THOR Industries worth $49,565,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in THOR Industries by 37.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock valued at $165,078,000 after purchasing an additional 411,466 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in THOR Industries by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 611,890 shares of the construction company’s stock valued at $58,564,000 after buying an additional 10,455 shares in the last quarter. State Street Corp grew its holdings in THOR Industries by 2.1% during the 3rd quarter. State Street Corp now owns 1,624,002 shares of the construction company’s stock valued at $178,462,000 after buying an additional 33,619 shares in the last quarter. Salvus Wealth Management LLC grew its holdings in THOR Industries by 19.4% during the 4th quarter. Salvus Wealth Management LLC now owns 42,168 shares of the construction company’s stock valued at $4,036,000 after buying an additional 6,838 shares in the last quarter. Finally, FMR LLC grew its holdings in THOR Industries by 8.0% during the 3rd quarter. FMR LLC now owns 29,716 shares of the construction company’s stock valued at $3,265,000 after buying an additional 2,205 shares in the last quarter. Institutional investors own 96.71% of the company’s stock.

THOR Industries Price Performance

Shares of THOR Industries stock opened at $80.55 on Monday. The stock has a market cap of $4.29 billion, a price-to-earnings ratio of 20.60, a price-to-earnings-growth ratio of 1.16 and a beta of 1.74. 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 50 day moving average price of $97.52 and a 200-day moving average price of $102.86. THOR Industries, Inc. has a one year low of $75.78 and a one year high of $118.85.

THOR Industries (NYSE:THO) last posted 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 net margin of 2.17% and a return on equity of 5.97%. The business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the previous year, the firm earned $0.13 EPS. THOR Industries’s revenue was down 8.6% compared to the same quarter last year. Equities analysts expect that THOR Industries, Inc. will post 4.64 EPS for the current year.

THOR Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, January 6th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date of this dividend was Monday, January 6th. THOR Industries’s payout ratio is currently 53.05%.

Analyst Upgrades and Downgrades

Several research firms have weighed in on THO. BMO Capital Markets cut their price target on THOR Industries from $120.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. StockNews.com upgraded THOR Industries from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. DA Davidson cut their price target on THOR Industries from $95.00 to $80.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Benchmark reiterated a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. Finally, Bank of America upgraded THOR Industries from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $110.00 to $125.00 in a report on Monday, March 3rd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.00.

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.