Raymond James Trust N.A. Makes New Investment in THOR Industries, Inc. (NYSE:THO)

Raymond James Trust N.A. acquired a new position in THOR Industries, Inc. (NYSE:THO) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,720 shares of the construction company’s stock, valued at approximately $203,000.

Other large investors have also modified their holdings of the company. Gotham Asset Management LLC raised its position in shares of THOR Industries by 97.4% in the third quarter. Gotham Asset Management LLC now owns 60,403 shares of the construction company’s stock worth $5,746,000 after acquiring an additional 29,796 shares during the period. Jump Financial LLC purchased a new stake in shares of THOR Industries during the third quarter worth about $489,000. Algert Global LLC increased its stake in shares of THOR Industries by 42.4% during the third quarter. Algert Global LLC now owns 48,237 shares of the construction company’s stock worth $4,589,000 after purchasing an additional 14,365 shares in the last quarter. Indiana Trust & Investment Management CO purchased a new stake in shares of THOR Industries during the third quarter worth about $169,000. Finally, iA Global Asset Management Inc. purchased a new stake in shares of THOR Industries during the third quarter worth about $3,807,000. Institutional investors and hedge funds own 96.71% of the company’s stock.

THOR Industries Stock Up 2.9 %

Shares of NYSE THO opened at $114.63 on Thursday. The company has a 50-day moving average of $114.96 and a 200 day moving average of $106.14. THOR Industries, Inc. has a 12-month low of $74.50 and a 12-month high of $129.31. The company has a current ratio of 1.75, a quick ratio of 0.65 and a debt-to-equity ratio of 0.35. The stock has a market cap of $6.11 billion, a PE ratio of 22.74 and a beta of 1.79.

THOR Industries (NYSE:THO) last posted its quarterly earnings results on Wednesday, March 6th. The construction company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.54). THOR Industries had a net margin of 2.62% and a return on equity of 7.28%. The firm had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same period last year, the company earned $0.50 EPS. The business’s quarterly revenue was down 5.9% on a year-over-year basis. As a group, sell-side analysts predict that THOR Industries, Inc. will post 5.37 EPS for the current fiscal year.

THOR Industries Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $1.92 annualized dividend and a dividend yield of 1.67%. THOR Industries’s dividend payout ratio (DPR) is 38.10%.

Insider Activity

In other news, COO W. Todd Woelfer sold 3,333 shares of the stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $115.00, for a total value of $383,295.00. Following the completion of the sale, the chief operating officer now owns 98,347 shares of the company’s stock, valued at approximately $11,309,905. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 4.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on THO shares. Robert W. Baird boosted their target price on shares of THOR Industries from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. TheStreet cut shares of THOR Industries from a “b-” rating to a “c+” rating in a research note on Monday, March 18th. BMO Capital Markets upped their price objective on shares of THOR Industries from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, December 7th. Citigroup raised shares of THOR Industries from a “neutral” rating to a “buy” rating and upped their price objective for the company from $111.00 to $122.00 in a research note on Friday, March 15th. Finally, Truist Financial upped their price objective on shares of THOR Industries from $96.00 to $105.00 and gave the company a “hold” rating in a research note on Tuesday, January 9th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $104.00.

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.