Proficio Capital Partners LLC Purchases Shares of 57,790 THOR Industries, Inc. (NYSE:THO)

Proficio Capital Partners LLC purchased a new position in THOR Industries, Inc. (NYSE:THO) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 57,790 shares of the construction company’s stock, valued at approximately $58,000.

Other hedge funds also recently added to or reduced their stakes in the company. Atria Investments Inc boosted its stake in shares of THOR Industries by 1.4% in the fourth quarter. Atria Investments Inc now owns 88,288 shares of the construction company’s stock worth $8,450,000 after acquiring an additional 1,217 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in THOR Industries by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 611,890 shares of the construction company’s stock valued at $58,564,000 after purchasing an additional 10,455 shares during the period. Unified Investment Management purchased a new position in shares of THOR Industries in the fourth quarter valued at approximately $291,000. ACR Alpine Capital Research LLC increased its holdings in THOR Industries by 40.6% during the 4th quarter. ACR Alpine Capital Research LLC now owns 2,142,966 shares of the construction company’s stock worth $205,103,000 after purchasing an additional 619,318 shares during the period. Finally, US Bancorp DE lifted its position in shares of THOR Industries by 9.6% during the 4th quarter. US Bancorp DE now owns 3,667 shares of the construction company’s stock worth $351,000 after purchasing an additional 322 shares during the last quarter. 96.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

THO has been the topic of a number of recent research reports. Citigroup lowered shares of THOR Industries from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $94.00 to $86.00 in a research note on Wednesday, March 19th. Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. BMO Capital Markets cut their price objective on THOR Industries from $120.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. KeyCorp reiterated an “underweight” rating and issued a $65.00 price objective on shares of THOR Industries in a report on Thursday, March 20th. Finally, DA Davidson reduced their price target on shares of THOR Industries from $95.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday, March 7th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, THOR Industries currently has an average rating of “Hold” and an average price target of $93.00.

THOR Industries Stock Down 4.7 %

Shares of THOR Industries stock opened at $77.02 on Friday. The stock has a market cap of $4.10 billion, a PE ratio of 19.70, a price-to-earnings-growth ratio of 1.16 and a beta of 1.74. The business has a fifty day simple moving average of $94.11 and a 200 day simple moving average of $101.19. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. THOR Industries, Inc. has a 12 month low of $75.78 and a 12 month high of $118.85.

THOR Industries (NYSE:THO) last released its earnings results on Wednesday, March 5th. The construction company reported ($0.01) earnings per share (EPS) 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 firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the company posted $0.13 EPS. THOR Industries’s revenue for the quarter was down 8.6% on a year-over-year basis. Research analysts predict that THOR Industries, Inc. will post 4.64 EPS for the current year.

THOR Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be issued a dividend of $0.50 per share. The ex-dividend date is Tuesday, April 8th. This represents a $2.00 annualized dividend and a yield of 2.60%. THOR Industries’s payout ratio is currently 53.05%.

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.