South Dakota Investment Council Lowers Stake in THOR Industries, Inc. (NYSE:THO)

South Dakota Investment Council lowered its stake in shares of THOR Industries, Inc. (NYSE:THO) by 30.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 32,437 shares of the construction company’s stock after selling 14,410 shares during the period. South Dakota Investment Council owned approximately 0.06% of THOR Industries worth $3,836,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. Palestra Capital Management LLC acquired a new stake in THOR Industries during the 3rd quarter worth approximately $68,187,000. Pacer Advisors Inc. lifted its holdings in THOR Industries by 56.7% during the 4th quarter. Pacer Advisors Inc. now owns 725,667 shares of the construction company’s stock worth $85,810,000 after buying an additional 262,478 shares in the last quarter. Choreo LLC lifted its holdings in THOR Industries by 5,082.0% during the 3rd quarter. Choreo LLC now owns 228,839 shares of the construction company’s stock worth $21,769,000 after buying an additional 224,423 shares in the last quarter. Vanguard Group Inc. lifted its holdings in THOR Industries by 4.1% during the 3rd quarter. Vanguard Group Inc. now owns 5,270,059 shares of the construction company’s stock worth $501,341,000 after buying an additional 208,343 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in THOR Industries by 50.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 592,366 shares of the construction company’s stock worth $56,352,000 after buying an additional 198,982 shares in the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

THOR Industries Trading Up 0.3 %

NYSE THO opened at $103.66 on Thursday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.75 and a quick ratio of 0.65. The firm’s fifty day moving average price is $112.03 and its 200 day moving average price is $107.89. The company has a market capitalization of $5.53 billion, a price-to-earnings ratio of 20.57 and a beta of 1.78. THOR Industries, Inc. has a 12 month low of $74.50 and a 12 month high of $129.31.

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

THOR Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date was Monday, April 8th. THOR Industries’s payout ratio is currently 38.10%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Robert W. Baird increased their target price 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. Citigroup upgraded shares of THOR Industries from a “neutral” rating to a “buy” rating and raised their price objective for the company from $111.00 to $122.00 in a report on Friday, March 15th. Truist Financial raised their price objective on shares of THOR Industries from $96.00 to $105.00 and gave the company a “hold” rating in a report on Tuesday, January 9th. Finally, TheStreet lowered shares of THOR Industries from a “b-” rating to a “c+” rating in a report on Monday, March 18th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $104.00.

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.