Zurcher Kantonalbank Zurich Cantonalbank Has $1.30 Million Stake in THOR Industries, Inc. (NYSE:THO)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in THOR Industries, Inc. (NYSE:THO) by 14.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 13,590 shares of the construction company’s stock after acquiring an additional 1,706 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in THOR Industries were worth $1,301,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. ACR Alpine Capital Research LLC raised its position in shares of THOR Industries by 40.6% in the 4th quarter. ACR Alpine Capital Research LLC now owns 2,142,966 shares of the construction company’s stock valued at $205,103,000 after buying an additional 619,318 shares in the last quarter. State Street Corp raised its position in shares of THOR Industries by 2.1% in the 3rd quarter. State Street Corp now owns 1,624,002 shares of the construction company’s stock valued at $178,462,000 after buying an additional 33,619 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of THOR Industries by 37.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock valued at $165,078,000 after buying an additional 411,466 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of THOR Industries by 2.8% in the 3rd quarter. Pacer Advisors Inc. now owns 1,171,779 shares of the construction company’s stock valued at $128,767,000 after buying an additional 31,416 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in shares of THOR Industries by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 911,232 shares of the construction company’s stock valued at $100,161,000 after buying an additional 12,758 shares in the last quarter. 96.71% of the stock is currently owned by institutional investors and hedge funds.

THOR Industries Trading Up 0.1 %

THO opened at $81.92 on Wednesday. THOR Industries, Inc. has a fifty-two week low of $75.78 and a fifty-two week high of $118.85. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78. The firm has a market capitalization of $4.36 billion, a price-to-earnings ratio of 20.95, a PEG ratio of 1.16 and a beta of 1.74. The company’s 50 day moving average price is $96.97 and its two-hundred day moving average price is $102.50.

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

THOR Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, January 6th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.44%. The ex-dividend date was Monday, January 6th. THOR Industries’s payout ratio is 53.05%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on THO. DA Davidson dropped their target price on shares of THOR Industries from $95.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. BMO Capital Markets decreased their price target on shares of THOR Industries from $120.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. StockNews.com raised shares of THOR Industries from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. Truist Financial decreased their price target on shares of THOR Industries from $110.00 to $90.00 and set a “hold” rating on the stock in a report on Thursday, March 6th. Finally, Robert W. Baird decreased their price target on shares of THOR Industries from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $104.00.

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.