Geode Capital Management LLC Sells 41,088 Shares of THOR Industries, Inc. (NYSE:THO)

Geode Capital Management LLC lessened its stake in THOR Industries, Inc. (NYSE:THO) by 4.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 870,144 shares of the construction company’s stock after selling 41,088 shares during the quarter. Geode Capital Management LLC’s holdings in THOR Industries were worth $83,309,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. DA Davidson cut their target price on shares of THOR Industries from $95.00 to $80.00 and set a “neutral” rating for the company in a report on Friday, March 7th. Baird R W lowered shares of THOR Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Citigroup downgraded shares of THOR Industries from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $94.00 to $86.00 in a report on Wednesday, March 19th. StockNews.com raised shares of THOR Industries from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. Finally, Bank of America raised THOR Industries from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $110.00 to $125.00 in a research note on Monday, March 3rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $90.86.

THOR Industries Stock Performance

THOR Industries stock opened at $68.70 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78. The firm has a market capitalization of $3.65 billion, a P/E ratio of 17.57, a price-to-earnings-growth ratio of 1.16 and a beta of 1.59. THOR Industries, Inc. has a 1-year low of $63.16 and a 1-year high of $118.85. The company’s 50-day moving average is $87.27 and its 200 day moving average is $98.78.

THOR Industries (NYSE:THO) last issued its quarterly earnings results on Wednesday, March 5th. The construction company reported ($0.01) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.08). THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the previous year, the company posted $0.13 earnings per share. The company’s quarterly revenue was down 8.6% compared to the same quarter last year. Research analysts forecast that THOR Industries, Inc. will post 4.64 EPS for the current year.

THOR Industries Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.91%. The ex-dividend date of this dividend is Tuesday, April 8th. THOR Industries’s payout ratio is presently 53.05%.

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.