THOR Industries, Inc. (NYSE:THO) Holdings Decreased by Belpointe Asset Management LLC

Belpointe Asset Management LLC reduced its holdings in THOR Industries, Inc. (NYSE:THO) by 25.9% in the 4th quarter, Holdings Channel reports. The fund owned 4,594 shares of the construction company’s stock after selling 1,608 shares during the period. Belpointe Asset Management LLC’s holdings in THOR Industries were worth $440,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of THO. Atala Financial Inc purchased a new stake in shares of THOR Industries in the fourth quarter worth approximately $27,000. First Horizon Advisors Inc. increased its stake 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 during the period. Brown Brothers Harriman & Co. lifted its position in THOR Industries by 369.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 418 shares of the construction company’s stock worth $40,000 after buying an additional 329 shares in the last quarter. Stonebridge Financial Group LLC acquired a new stake in shares of THOR Industries during the 4th quarter valued at $51,000. Finally, Tortoise Investment Management LLC grew its holdings in shares of THOR Industries by 78.3% during the 4th quarter. Tortoise Investment Management LLC now owns 576 shares of the construction company’s stock valued at $55,000 after acquiring an additional 253 shares in the last quarter. 96.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

THO has been the subject of several research reports. Citigroup lowered THOR Industries from a “buy” rating to a “neutral” rating and reduced their price target for the company from $94.00 to $86.00 in a report on Wednesday, March 19th. Baird R W cut shares of THOR Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Bank of America upgraded shares of THOR Industries from a “neutral” rating to a “buy” rating and increased their price target for the stock from $110.00 to $125.00 in a research note on Monday, March 3rd. Robert W. Baird lowered shares of THOR Industries from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $100.00 to $85.00 in a research note on Friday, April 4th. Finally, Truist Financial lowered their target price on shares of THOR Industries from $90.00 to $72.00 and set a “hold” rating on the stock in a research report on Monday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $88.29.

THOR Industries Stock Down 0.2 %

NYSE THO opened at $68.14 on Thursday. THOR Industries, Inc. has a twelve month low of $63.16 and a twelve month high of $118.85. The stock has a market cap of $3.63 billion, a PE ratio of 17.43, a PEG ratio of 1.16 and a beta of 1.59. The firm has a 50-day simple moving average of $84.70 and a 200 day simple moving average of $97.76. 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 (NYSE:THO) last issued its 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 firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate 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 period last year, the business earned $0.13 earnings per share. On average, research analysts forecast that THOR Industries, Inc. will post 4.64 EPS for the current year.

THOR Industries Announces Dividend

The business also recently announced 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. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.94%. THOR Industries’s payout ratio is presently 53.05%.

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.