THOR Industries, Inc. (NYSE:THO) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its position in THOR Industries, Inc. (NYSE:THOFree Report) by 7.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 40,915 shares of the construction company’s stock after selling 3,356 shares during the period. New York State Common Retirement Fund owned about 0.08% of THOR Industries worth $4,838,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of THO. Strata Wealth Advisors LLC acquired a new position in THOR Industries in the 4th quarter worth about $3,232,000. Signaturefd LLC raised its stake in shares of THOR Industries by 86.6% during the 4th quarter. Signaturefd LLC now owns 1,364 shares of the construction company’s stock worth $161,000 after buying an additional 633 shares during the period. Groesbeck Investment Management Corp NJ lifted its position in shares of THOR Industries by 3.1% during the 4th quarter. Groesbeck Investment Management Corp NJ now owns 16,389 shares of the construction company’s stock valued at $1,938,000 after buying an additional 497 shares in the last quarter. Federated Hermes Inc. grew its stake in THOR Industries by 2.8% in the 4th quarter. Federated Hermes Inc. now owns 19,316 shares of the construction company’s stock valued at $2,284,000 after acquiring an additional 535 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in THOR Industries by 9.3% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,741 shares of the construction company’s stock worth $1,270,000 after acquiring an additional 914 shares in the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

THOR Industries Trading Up 1.3 %

THO opened at $99.97 on Friday. The firm has a market capitalization of $5.33 billion, a price-to-earnings ratio of 19.84 and a beta of 1.80. The company’s 50 day simple moving average is $108.80 and its two-hundred day simple moving average is $108.24. THOR Industries, Inc. has a 1-year low of $75.93 and a 1-year high of $129.31. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.75 and a quick ratio of 0.65.

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

THOR Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Monday, April 8th. THOR Industries’s payout ratio is currently 38.10%.

Analyst Upgrades and Downgrades

THO has been the topic of several research analyst reports. Truist Financial lifted their target price 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. Robert W. Baird boosted 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. Citigroup raised THOR Industries from a “neutral” rating to a “buy” rating and increased their target price for the company from $111.00 to $122.00 in a report on Friday, March 15th. Finally, TheStreet lowered THOR Industries from a “b-” rating to a “c+” rating in a research note on Monday, March 18th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $104.00.

Get Our Latest Stock Report on THOR Industries

THOR Industries Profile

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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.

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

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