THOR Industries, Inc. (NYSE:THO) Shares Bought by Timucuan Asset Management Inc. FL

Timucuan Asset Management Inc. FL raised its stake in shares of THOR Industries, Inc. (NYSE:THO) by 16.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,038,765 shares of the construction company’s stock after purchasing an additional 283,744 shares during the quarter. THOR Industries comprises 6.0% of Timucuan Asset Management Inc. FL’s holdings, making the stock its 8th biggest position. Timucuan Asset Management Inc. FL owned approximately 3.83% of THOR Industries worth $195,130,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its holdings in shares of THOR Industries by 37.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock valued at $165,078,000 after acquiring an additional 411,466 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in THOR Industries by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 611,890 shares of the construction company’s stock valued at $58,564,000 after purchasing an additional 10,455 shares during the last quarter. State Street Corp boosted its holdings in THOR Industries by 2.1% in the third quarter. State Street Corp now owns 1,624,002 shares of the construction company’s stock valued at $178,462,000 after purchasing an additional 33,619 shares during the last quarter. Amundi raised its stake in shares of THOR Industries by 26.2% during the 4th quarter. Amundi now owns 4,354 shares of the construction company’s stock valued at $415,000 after buying an additional 905 shares during the last quarter. Finally, Salvus Wealth Management LLC lifted its holdings in shares of THOR Industries by 19.4% in the 4th quarter. Salvus Wealth Management LLC now owns 42,168 shares of the construction company’s stock valued at $4,036,000 after buying an additional 6,838 shares during the period. 96.71% of the stock is owned by institutional investors and hedge funds.

THOR Industries Price Performance

THOR Industries stock opened at $68.70 on Friday. The company has a fifty day simple moving average of $87.27 and a 200-day simple moving average of $98.78. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 1.16 and a beta of 1.59. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. THOR Industries, Inc. has a 52-week low of $63.16 and a 52-week high of $118.85.

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

THOR Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.91%. The ex-dividend date of this dividend is Tuesday, April 8th. THOR Industries’s dividend payout ratio (DPR) is currently 53.05%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on THO shares. Robert W. Baird lowered shares of THOR Industries from an “outperform” rating to a “neutral” rating and cut their target price for the company from $100.00 to $85.00 in a report on Friday, April 4th. KeyCorp reaffirmed an “underweight” rating and issued a $65.00 price objective on shares of THOR Industries in a report on Thursday, March 20th. Bank of America raised shares of THOR Industries from a “neutral” rating to a “buy” rating and increased their target price for the stock from $110.00 to $125.00 in a research note on Monday, March 3rd. StockNews.com upgraded THOR Industries from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. Finally, BMO Capital Markets lowered their price target on THOR Industries from $120.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $90.86.

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.