THOR Industries, Inc. (NYSE:THO) Shares Sold by Wealth Alliance

Wealth Alliance trimmed its holdings in shares of THOR Industries, Inc. (NYSE:THO) by 3.6% during the fourth quarter, Holdings Channel reports. The firm owned 3,793 shares of the construction company’s stock after selling 141 shares during the quarter. Wealth Alliance’s holdings in THOR Industries were worth $448,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. LVW Advisors LLC increased its holdings in shares of THOR Industries by 2.1% in the 4th quarter. LVW Advisors LLC now owns 4,430 shares of the construction company’s stock worth $524,000 after acquiring an additional 91 shares during the period. Fifth Third Bancorp increased its holdings in shares of THOR Industries by 13.8% in the 4th quarter. Fifth Third Bancorp now owns 766 shares of the construction company’s stock worth $91,000 after acquiring an additional 93 shares during the period. State of Michigan Retirement System increased its holdings in shares of THOR Industries by 0.8% in the 4th quarter. State of Michigan Retirement System now owns 12,818 shares of the construction company’s stock worth $1,516,000 after acquiring an additional 100 shares during the period. Macquarie Group Ltd. increased its holdings in shares of THOR Industries by 3.9% in the 2nd quarter. Macquarie Group Ltd. now owns 3,028 shares of the construction company’s stock worth $227,000 after acquiring an additional 113 shares during the period. Finally, Money Concepts Capital Corp increased its holdings in shares of THOR Industries by 1.3% in the 4th quarter. Money Concepts Capital Corp now owns 10,545 shares of the construction company’s stock worth $796,000 after acquiring an additional 131 shares during the period. 96.71% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other THOR Industries news, COO W. Todd Woelfer sold 3,333 shares of the firm’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $115.00, for a total value of $383,295.00. Following the completion of the transaction, the chief operating officer now directly owns 98,347 shares in the company, valued at $11,309,905. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 4.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on THO. Robert W. Baird increased their price objective on shares of THOR Industries from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Truist Financial increased their price objective on shares of THOR Industries from $96.00 to $105.00 and gave the stock a “hold” rating in a report on Tuesday, January 9th. TheStreet cut shares of THOR Industries from a “b-” rating to a “c+” rating in a report on Monday, March 18th. Finally, Citigroup upgraded shares of THOR Industries from a “neutral” rating to a “buy” rating and increased their target price for the company from $111.00 to $122.00 in a research report on Friday, March 15th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $104.00.

THOR Industries Stock Performance

NYSE:THO opened at $98.52 on Thursday. THOR Industries, Inc. has a twelve month low of $74.50 and a twelve month high of $129.31. The company has a current ratio of 1.75, a quick ratio of 0.65 and a debt-to-equity ratio of 0.35. The company has a 50-day moving average of $113.41 and a 200-day moving average of $107.56. The firm has a market cap of $5.25 billion, a price-to-earnings ratio of 19.55 and a beta of 1.78.

THOR Industries (NYSE:THO) last posted its quarterly earnings data on Wednesday, March 6th. The construction company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.54). THOR Industries had a net margin of 2.62% and a return on equity of 7.28%. The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter last year, the business posted $0.50 EPS. The business’s revenue for the quarter was down 5.9% on a year-over-year basis. Analysts forecast that THOR Industries, Inc. will post 5.37 earnings per share for the current fiscal year.

THOR Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, April 8th. This represents a $1.92 annualized dividend and a dividend yield of 1.95%. THOR Industries’s dividend payout ratio (DPR) is 38.10%.

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.