Mutual of America Capital Management LLC Decreases Stake in THOR Industries, Inc. (NYSE:THO)

Mutual of America Capital Management LLC lessened its holdings in THOR Industries, Inc. (NYSE:THO) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 28,051 shares of the construction company’s stock after selling 701 shares during the period. Mutual of America Capital Management LLC owned approximately 0.05% of THOR Industries worth $2,685,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of THO. JPMorgan Chase & Co. lifted its holdings in THOR Industries by 37.7% during the third quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock worth $165,078,000 after acquiring an additional 411,466 shares during the period. Natixis Advisors LLC increased its position in shares of THOR Industries by 51.3% during the 3rd quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company’s stock valued at $55,486,000 after purchasing an additional 171,244 shares during the last quarter. State Street Corp raised its stake in shares of THOR Industries by 2.1% during the 3rd quarter. State Street Corp now owns 1,624,002 shares of the construction company’s stock worth $178,462,000 after purchasing an additional 33,619 shares during the period. Radnor Capital Management LLC purchased a new position in shares of THOR Industries in the 3rd quarter worth about $631,000. Finally, Consolidated Planning Corp bought a new position in THOR Industries during the third quarter valued at about $620,000. Hedge funds and other institutional investors own 96.71% of the company’s stock.

THOR Industries Stock Performance

Shares of THO opened at $86.56 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71. The stock has a market capitalization of $4.61 billion, a price-to-earnings ratio of 22.14, a price-to-earnings-growth ratio of 1.16 and a beta of 1.69. THOR Industries, Inc. has a 52-week low of $78.88 and a 52-week high of $118.85. The stock’s 50-day simple moving average is $99.52 and its 200 day simple moving average is $104.04.

THOR Industries (NYSE:THO) last released its quarterly earnings data on Wednesday, March 5th. The construction company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.98 billion. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. THOR Industries’s revenue was down 8.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.13 earnings per share. Research analysts forecast that THOR Industries, Inc. will post 4.64 EPS for the current fiscal year.

THOR Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, January 6th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.00 annualized dividend and a dividend yield of 2.31%. THOR Industries’s payout ratio is currently 51.15%.

Analysts Set New Price Targets

A number of research analysts have weighed in on THO shares. BMO Capital Markets dropped their target price on shares of THOR Industries from $120.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday. Truist Financial dropped their price objective on THOR Industries from $110.00 to $90.00 and set a “hold” rating on the stock in a research note on Thursday. Benchmark reissued a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. Bank of America raised THOR Industries from a “neutral” rating to a “buy” rating and upped their price target for the company from $110.00 to $125.00 in a research report on Monday. Finally, Robert W. Baird decreased their price objective on THOR Industries from $110.00 to $100.00 and set an “outperform” rating for the company in a report on Thursday. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $106.50.

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.