State of New Jersey Common Pension Fund D Sells 2,393 Shares of THOR Industries, Inc. (NYSE:THO)

State of New Jersey Common Pension Fund D lowered its stake in shares of THOR Industries, Inc. (NYSE:THO) by 7.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,053 shares of the construction company’s stock after selling 2,393 shares during the period. State of New Jersey Common Pension Fund D’s holdings in THOR Industries were worth $3,317,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. LVW Advisors LLC raised its stake in shares of THOR Industries by 2.1% during the 4th quarter. LVW Advisors LLC now owns 4,430 shares of the construction company’s stock worth $524,000 after purchasing an additional 91 shares in the last quarter. Fifth Third Bancorp lifted its position in shares of THOR Industries by 13.8% during the 4th quarter. Fifth Third Bancorp now owns 766 shares of the construction company’s stock worth $91,000 after buying an additional 93 shares during the last quarter. State of Michigan Retirement System lifted its position in shares of THOR Industries by 0.8% during the 4th quarter. State of Michigan Retirement System now owns 12,818 shares of the construction company’s stock worth $1,516,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System raised its position in THOR Industries by 1.0% in the third quarter. Arizona State Retirement System now owns 14,419 shares of the construction company’s stock valued at $1,372,000 after purchasing an additional 138 shares during the last quarter. Finally, Ayalon Insurance Comp Ltd. raised its position in THOR Industries by 0.5% in the third quarter. Ayalon Insurance Comp Ltd. now owns 30,619 shares of the construction company’s stock valued at $2,913,000 after purchasing an additional 154 shares during the last quarter. Institutional investors own 96.71% of the company’s stock.

THOR Industries Trading Down 0.2 %

Shares of THOR Industries stock opened at $100.57 on Friday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.65 and a current ratio of 1.75. THOR Industries, Inc. has a 52 week low of $75.30 and a 52 week high of $129.31. The stock has a 50 day moving average price of $111.33 and a two-hundred day moving average price of $107.81. The stock has a market capitalization of $5.36 billion, a PE ratio of 19.95 and a beta of 1.78.

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

THOR Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th were issued a $0.48 dividend. The ex-dividend date was Monday, April 8th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.91%. THOR Industries’s dividend payout ratio is presently 38.10%.

Analyst Ratings Changes

Several research firms have commented on THO. Robert W. Baird increased their target price on THOR Industries from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. TheStreet cut THOR Industries from a “b-” rating to a “c+” rating in a research note on Monday, March 18th. Citigroup raised THOR Industries from a “neutral” rating to a “buy” rating and raised their target price for the stock from $111.00 to $122.00 in a research note on Friday, March 15th. Finally, Truist Financial raised their target price on THOR Industries from $96.00 to $105.00 and gave the stock a “hold” rating in a research note on Tuesday, January 9th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target 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.