7,751 Shares in THOR Industries, Inc. (NYSE:THO) Bought by Sapient Capital LLC

Sapient Capital LLC bought a new position in shares of THOR Industries, Inc. (NYSE:THO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 7,751 shares of the construction company’s stock, valued at approximately $917,000.

Several other institutional investors have also recently made changes to their positions in THO. Palestra Capital Management LLC purchased a new position in shares of THOR Industries during the third quarter worth $68,187,000. Pacer Advisors Inc. boosted its position in THOR Industries by 56.7% during the fourth quarter. Pacer Advisors Inc. now owns 725,667 shares of the construction company’s stock worth $85,810,000 after acquiring an additional 262,478 shares during the last quarter. Choreo LLC boosted its position in THOR Industries by 5,082.0% during the third quarter. Choreo LLC now owns 228,839 shares of the construction company’s stock worth $21,769,000 after acquiring an additional 224,423 shares during the last quarter. Vanguard Group Inc. boosted its position in THOR Industries by 4.1% during the third quarter. Vanguard Group Inc. now owns 5,270,059 shares of the construction company’s stock worth $501,341,000 after acquiring an additional 208,343 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its stake in THOR Industries by 50.6% during the third quarter. Envestnet Asset Management Inc. now owns 592,366 shares of the construction company’s stock worth $56,352,000 after purchasing an additional 198,982 shares during the period. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on THO shares. Truist Financial lifted their target price on shares of THOR Industries from $96.00 to $105.00 and gave the stock a “hold” rating in a research note on Tuesday, January 9th. Citigroup raised shares of THOR Industries from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $111.00 to $122.00 in a research note on Friday, March 15th. Robert W. Baird lifted their target price on shares of THOR Industries from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. Finally, TheStreet downgraded shares of THOR Industries from a “b-” rating to a “c+” rating in a research note on Monday, March 18th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $104.00.

THOR Industries Trading Up 1.3 %

Shares of THOR Industries stock traded up $1.24 on Friday, reaching $99.97. The company had a trading volume of 500,947 shares, compared to its average volume of 466,771. The firm’s 50 day moving average price is $108.80 and its two-hundred day moving average price is $108.24. The firm has a market cap of $5.33 billion, a PE ratio of 19.84 and a beta of 1.80. THOR Industries, Inc. has a 52-week low of $75.93 and a 52-week high of $129.31. 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 (NYSE:THO) last announced its earnings results 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 return on equity of 7.28% and a net margin of 2.62%. The business had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same period in the previous year, the company earned $0.50 earnings per share. THOR Industries’s quarterly revenue was down 5.9% on a year-over-year basis. Sell-side analysts predict that THOR Industries, Inc. will post 5.37 earnings per share for the current fiscal year.

THOR Industries Announces Dividend

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

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.