THOR Industries, Inc. (NYSE:THO) Shares Sold by Amalgamated Bank

Amalgamated Bank decreased its stake in THOR Industries, Inc. (NYSE:THO) by 0.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 39,025 shares of the construction company’s stock after selling 273 shares during the quarter. Amalgamated Bank owned approximately 0.07% of THOR Industries worth $4,615,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Choreo LLC grew its stake in shares of THOR Industries by 23.3% during the 4th quarter. Choreo LLC now owns 282,102 shares of the construction company’s stock worth $33,494,000 after purchasing an additional 53,263 shares during the period. Jump Financial LLC purchased a new stake in THOR Industries in the 3rd quarter worth $489,000. Gotham Asset Management LLC raised its position in THOR Industries by 97.4% during 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. Reinhart Partners LLC. lifted its holdings in THOR Industries by 4.9% during the fourth quarter. Reinhart Partners LLC. now owns 296,045 shares of the construction company’s stock valued at $35,007,000 after purchasing an additional 13,849 shares in the last quarter. Finally, Algert Global LLC grew its position in shares of THOR Industries by 42.4% in the third quarter. Algert Global LLC now owns 48,237 shares of the construction company’s stock valued at $4,589,000 after purchasing an additional 14,365 shares during the period. 96.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

THOR Industries Stock Up 0.6 %

Shares of THO opened at $101.37 on Wednesday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.65 and a current ratio of 1.75. The stock has a market capitalization of $5.41 billion, a PE ratio of 20.11 and a beta of 1.80. The company’s 50-day simple moving average is $107.77 and its 200-day simple moving average is $108.52. THOR Industries, Inc. has a 1 year low of $75.93 and a 1 year high of $129.31.

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

THOR Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Monday, April 8th. This represents a $1.92 annualized dividend and a yield of 1.89%. THOR Industries’s dividend payout ratio (DPR) is 38.10%.

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.