Commonwealth Equity Services LLC Decreases Stock Holdings in THOR Industries, Inc. (NYSE:THO)

Commonwealth Equity Services LLC lowered its holdings in THOR Industries, Inc. (NYSE:THO) by 5.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,447 shares of the construction company’s stock after selling 246 shares during the period. Commonwealth Equity Services LLC’s holdings in THOR Industries were worth $426,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Venturi Wealth Management LLC boosted its holdings in shares of THOR Industries by 1.7% in the 4th quarter. Venturi Wealth Management LLC now owns 6,312 shares of the construction company’s stock worth $604,000 after buying an additional 108 shares during the last quarter. Sanctuary Advisors LLC grew its position in shares of THOR Industries by 0.5% during the 4th quarter. Sanctuary Advisors LLC now owns 21,614 shares of the construction company’s stock valued at $2,278,000 after acquiring an additional 113 shares during the period. Blue Trust Inc. increased its stake in shares of THOR Industries by 22.1% during the 4th quarter. Blue Trust Inc. now owns 669 shares of the construction company’s stock worth $64,000 after purchasing an additional 121 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in shares of THOR Industries by 57.3% in the 4th quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock worth $32,000 after purchasing an additional 121 shares during the period. Finally, Perigon Wealth Management LLC raised its holdings in shares of THOR Industries by 8.4% in the 4th quarter. Perigon Wealth Management LLC now owns 3,266 shares of the construction company’s stock worth $340,000 after purchasing an additional 253 shares during the period. Institutional investors own 96.71% of the company’s stock.

THOR Industries Stock Up 0.4 %

Shares of NYSE:THO opened at $71.33 on Monday. The firm has a fifty day moving average price of $91.38 and a two-hundred day moving average price of $100.26. The company has a market cap of $3.80 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 1.16 and a beta of 1.59. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78. THOR Industries, Inc. has a one year low of $66.00 and a one year high of $118.85.

THOR Industries (NYSE:THO) last posted its quarterly earnings data on Wednesday, March 5th. The construction company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.08). The business had revenue of $2.02 billion for 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 quarterly revenue was down 8.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.13 EPS. Analysts anticipate that THOR Industries, Inc. will post 4.64 EPS for the current fiscal year.

THOR Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date is Tuesday, April 8th. THOR Industries’s dividend payout ratio is currently 53.05%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. StockNews.com raised THOR Industries from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. Citigroup lowered THOR Industries from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $94.00 to $86.00 in a report on Wednesday, March 19th. Truist Financial cut their target price on shares of THOR Industries from $110.00 to $90.00 and set a “hold” rating for the company in a research report on Thursday, March 6th. KeyCorp reissued an “underweight” rating and issued a $65.00 price target on shares of THOR Industries in a research report on Thursday, March 20th. Finally, Bank of America upgraded shares of 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 note on Monday, March 3rd. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, THOR Industries presently has a consensus rating of “Hold” and an average target price of $90.86.

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.