TD Private Client Wealth LLC Cuts Stock Holdings in THOR Industries, Inc. (NYSE:THO)

TD Private Client Wealth LLC decreased its position in shares of THOR Industries, Inc. (NYSE:THO) by 2.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 13,832 shares of the construction company’s stock after selling 391 shares during the quarter. TD Private Client Wealth LLC’s holdings in THOR Industries were worth $1,324,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Atala Financial Inc purchased a new stake in shares of THOR Industries during the fourth quarter valued at approximately $27,000. First Horizon Advisors Inc. boosted its holdings in THOR Industries by 57.3% in the fourth quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock worth $32,000 after purchasing an additional 121 shares during the last quarter. Brooklyn Investment Group purchased a new stake in THOR Industries in the third quarter worth approximately $38,000. Anchor Investment Management LLC purchased a new stake in THOR Industries in the third quarter worth approximately $58,000. Finally, Stonebridge Financial Group LLC purchased a new stake in THOR Industries in the fourth quarter worth approximately $51,000. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Robert W. Baird dropped their target price on shares of THOR Industries from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. StockNews.com upgraded shares of THOR Industries from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. Citigroup downgraded shares of THOR Industries from a “buy” rating to a “neutral” rating and cut their price objective for the company from $94.00 to $86.00 in a research report on Wednesday. KeyCorp reissued an “underweight” rating and set a $65.00 price objective on shares of THOR Industries in a research report on Thursday. Finally, DA Davidson cut their price objective on shares of THOR Industries from $95.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, THOR Industries has a consensus rating of “Hold” and an average target price of $93.00.

THOR Industries Stock Down 1.4 %

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

THOR Industries (NYSE:THO) last announced its quarterly earnings results on Wednesday, March 5th. The construction company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.08). The company had revenue of $2.02 billion during 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 EPS. On average, sell-side analysts forecast that THOR Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

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.