Assenagon Asset Management S.A. Sells 657 Shares of THOR Industries, Inc. (NYSE:THO)

Assenagon Asset Management S.A. lessened its holdings in THOR Industries, Inc. (NYSE:THOFree Report) by 3.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,659 shares of the construction company’s stock after selling 657 shares during the quarter. Assenagon Asset Management S.A.’s holdings in THOR Industries were worth $2,088,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of THO. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of THOR Industries by 14.9% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 10,954 shares of the construction company’s stock worth $862,000 after buying an additional 1,423 shares during the period. Cambridge Investment Research Advisors Inc. lifted its holdings in shares of THOR Industries by 11.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 6,174 shares of the construction company’s stock worth $486,000 after buying an additional 629 shares during the period. Private Advisor Group LLC lifted its holdings in shares of THOR Industries by 20.9% in the 1st quarter. Private Advisor Group LLC now owns 7,616 shares of the construction company’s stock worth $599,000 after buying an additional 1,319 shares during the period. Citigroup Inc. lifted its holdings in shares of THOR Industries by 39.3% in the 1st quarter. Citigroup Inc. now owns 29,220 shares of the construction company’s stock worth $2,300,000 after buying an additional 8,241 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of THOR Industries in the 1st quarter worth $1,068,000. Institutional investors own 96.71% of the company’s stock.

THOR Industries Trading Down 0.2 %

THOR Industries stock opened at $112.51 on Thursday. The stock has a 50-day moving average of $115.06 and a two-hundred day moving average of $106.76. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.65 and a current ratio of 1.75. THOR Industries, Inc. has a one year low of $74.50 and a one year high of $129.31. The stock has a market cap of $6.00 billion, a PE ratio of 22.32 and a beta of 1.78.

THOR Industries (NYSE:THOGet Free Report) last released its quarterly earnings results on Wednesday, March 6th. The construction company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.54). THOR Industries had a net margin of 2.62% and a return on equity of 7.28%. The business had revenue of $2.21 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter last year, the business posted $0.50 earnings per share. The company’s quarterly revenue was down 5.9% compared to the same quarter last year. On average, research analysts anticipate that THOR Industries, Inc. will post 5.37 EPS for the current fiscal year.

THOR Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date is Monday, April 8th. THOR Industries’s dividend payout ratio (DPR) is presently 38.10%.

Analysts Set New Price Targets

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

View Our Latest Research Report on THOR Industries

Insider Buying and Selling at THOR Industries

In other THOR Industries news, COO W. Todd Woelfer sold 3,333 shares of the stock in a transaction dated Monday, January 22nd. The stock was 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 directly owns 98,347 shares in the company, valued at $11,309,905. The transaction was disclosed in a document filed with the SEC, which is available at this link. 4.70% of the stock is currently owned by company insiders.

THOR Industries Profile

(Free Report)

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.

Further Reading

Institutional Ownership by Quarter for THOR Industries (NYSE:THO)

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