THOR Industries, Inc. (NYSE:THO) Shares Sold by AXQ Capital LP

AXQ Capital LP lowered its position in THOR Industries, Inc. (NYSE:THO) by 64.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,409 shares of the construction company’s stock after selling 8,014 shares during the quarter. AXQ Capital LP’s holdings in THOR Industries were worth $422,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in THO. Venturi Wealth Management LLC raised its stake in THOR Industries by 1.7% during the 4th quarter. Venturi Wealth Management LLC now owns 6,312 shares of the construction company’s stock valued at $604,000 after acquiring an additional 108 shares in the last quarter. Sanctuary Advisors LLC lifted its holdings in THOR Industries by 0.5% in the fourth quarter. Sanctuary Advisors LLC now owns 21,614 shares of the construction company’s stock worth $2,278,000 after purchasing an additional 113 shares during the period. Blue Trust Inc. lifted its holdings in THOR Industries by 22.1% in the fourth quarter. Blue Trust Inc. now owns 669 shares of the construction company’s stock worth $64,000 after purchasing an additional 121 shares during the period. First Horizon Advisors Inc. grew its position in THOR Industries by 57.3% in the 4th quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock valued at $32,000 after buying an additional 121 shares in the last quarter. Finally, Perigon Wealth Management LLC raised its position in shares of THOR Industries by 8.4% during the 4th quarter. Perigon Wealth Management LLC now owns 3,266 shares of the construction company’s stock worth $340,000 after buying an additional 253 shares in the last quarter. Institutional investors own 96.71% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Bank of America upgraded shares of THOR Industries from a “neutral” rating to a “buy” rating and raised their price objective for the company from $110.00 to $125.00 in a research note on Monday, March 3rd. KeyCorp reissued an “underweight” rating and issued a $65.00 price objective on shares of THOR Industries in a research note on Thursday. Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. DA Davidson dropped their price target on shares of THOR Industries from $95.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. Finally, Truist Financial reduced their price objective on shares of THOR Industries from $110.00 to $90.00 and set a “hold” rating for the company in a research report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $93.00.

THOR Industries Stock Down 1.4 %

NYSE:THO opened at $79.11 on Friday. The firm has a market capitalization of $4.21 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 1.16 and a beta of 1.74. THOR Industries, Inc. has a 1-year low of $75.78 and a 1-year high of $118.85. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26. The business’s fifty day moving average price is $96.10 and its 200 day moving average price is $101.98.

THOR Industries (NYSE:THO) last posted its quarterly earnings results on Wednesday, March 5th. The construction company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). The firm had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.98 billion. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The firm’s revenue for the quarter was down 8.6% on a year-over-year basis. During the same period last year, the business earned $0.13 earnings per share. On average, sell-side analysts forecast that THOR Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

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.