THOR Industries, Inc. (NYSE:THO) Shares Sold by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lessened its holdings in THOR Industries, Inc. (NYSE:THO) by 7.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,049 shares of the construction company’s stock after selling 394 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in THOR Industries were worth $597,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Raymond James & Associates raised its holdings in shares of THOR Industries by 2.2% in the fourth quarter. Raymond James & Associates now owns 300,082 shares of the construction company’s stock worth $35,485,000 after acquiring an additional 6,492 shares during the last quarter. LVW Advisors LLC increased its position in THOR Industries by 2.1% during the 4th quarter. LVW Advisors LLC now owns 4,430 shares of the construction company’s stock worth $524,000 after purchasing an additional 91 shares in the last quarter. SG Americas Securities LLC raised its stake in THOR Industries by 72.6% in the 4th quarter. SG Americas Securities LLC now owns 1,818 shares of the construction company’s stock valued at $215,000 after purchasing an additional 765 shares during the last quarter. Raymond James Trust N.A. purchased a new position in THOR Industries in the 4th quarter valued at about $203,000. Finally, FCF Advisors LLC purchased a new position in THOR Industries in the 4th quarter valued at about $512,000. 96.71% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, COO W. Todd Woelfer sold 3,333 shares of the company’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $115.00, for a total transaction of $383,295.00. Following the completion of the sale, the chief operating officer now directly owns 98,347 shares of the company’s stock, valued at approximately $11,309,905. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 4.70% of the company’s stock.

THOR Industries Price Performance

Shares of THOR Industries stock opened at $97.89 on Friday. The business’s fifty day moving average price is $113.04 and its 200 day moving average price is $107.50. THOR Industries, Inc. has a twelve month low of $74.50 and a twelve 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 capitalization of $5.22 billion, a P/E ratio of 19.42 and a beta of 1.78.

THOR Industries (NYSE:THO) last released its quarterly earnings data 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). The firm had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.27 billion. THOR Industries had a net margin of 2.62% and a return on equity of 7.28%. The business’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.50 earnings per share. As a group, research analysts anticipate that THOR Industries, Inc. will post 5.37 earnings per share for the current year.

THOR Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Monday, April 8th. THOR Industries’s payout ratio is currently 38.10%.

Analyst Upgrades and Downgrades

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

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.