THOR Industries, Inc. (NYSE:THO) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. boosted its position in THOR Industries, Inc. (NYSE:THOFree Report) by 11.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,797 shares of the construction company’s stock after acquiring an additional 1,758 shares during the quarter. PNC Financial Services Group Inc.’s holdings in THOR Industries were worth $2,105,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in THOR Industries in the fourth quarter valued at approximately $65,391,000. New Century Financial Group LLC acquired a new stake in THOR Industries during the fourth quarter worth approximately $657,000. Bedel Financial Consulting Inc. raised its holdings in THOR Industries by 9.7% during the fourth quarter. Bedel Financial Consulting Inc. now owns 3,062 shares of the construction company’s stock worth $362,000 after purchasing an additional 272 shares in the last quarter. Inceptionr LLC raised its holdings in THOR Industries by 110.0% during the fourth quarter. Inceptionr LLC now owns 5,636 shares of the construction company’s stock worth $666,000 after purchasing an additional 2,952 shares in the last quarter. Finally, Forum Financial Management LP acquired a new stake in THOR Industries during the fourth quarter worth approximately $244,000. Institutional investors and hedge funds own 96.71% of the company’s stock.

THOR Industries Price Performance

THOR Industries stock opened at $95.64 on Monday. THOR Industries, Inc. has a one year low of $75.93 and a one year 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. The business has a fifty day moving average of $104.71 and a two-hundred day moving average of $109.52. The company has a market cap of $5.10 billion, a P/E ratio of 18.98 and a beta of 1.80.

THOR Industries (NYSE:THOGet Free Report) last released 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). 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 during the quarter, compared to analyst estimates of $2.27 billion. During the same period last year, the business posted $0.50 EPS. THOR Industries’s revenue was down 5.9% compared to the same quarter last year. As a group, analysts predict 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 was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were given a $0.48 dividend. The ex-dividend date was Monday, April 8th. This represents a $1.92 annualized dividend and a dividend yield of 2.01%. THOR Industries’s dividend payout ratio is presently 38.10%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on THO. Citigroup raised shares of THOR Industries from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $111.00 to $122.00 in a report on Friday, March 15th. Truist Financial lowered their target price on shares of THOR Industries from $105.00 to $100.00 and set a “hold” rating on the stock in a research report on Friday. Robert W. Baird raised their target price on shares of THOR Industries from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Finally, TheStreet lowered shares of THOR Industries from a “b-” rating to a “c+” rating in a research report on Monday, March 18th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $103.17.

View Our Latest Research Report on THOR Industries

THOR Industries Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding THO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for THOR Industries, Inc. (NYSE:THOFree Report).

Institutional Ownership by Quarter for THOR Industries (NYSE:THO)

Receive News & Ratings for THOR Industries Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for THOR Industries and related companies with MarketBeat.com's FREE daily email newsletter.