Federated Hermes Inc. Reduces Stock Position in THOR Industries, Inc. (NYSE:THO)

Federated Hermes Inc. decreased its stake in shares of THOR Industries, Inc. (NYSE:THO) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,586 shares of the construction company’s stock after selling 219 shares during the period. Federated Hermes Inc.’s holdings in THOR Industries were worth $535,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of THO. JPMorgan Chase & Co. boosted its stake in THOR Industries by 37.7% in the third quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock valued at $165,078,000 after acquiring an additional 411,466 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of THOR Industries by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 611,890 shares of the construction company’s stock worth $58,564,000 after buying an additional 10,455 shares in the last quarter. Amundi boosted its position in shares of THOR Industries by 26.2% during the 4th quarter. Amundi now owns 4,354 shares of the construction company’s stock valued at $415,000 after purchasing an additional 905 shares in the last quarter. Salvus Wealth Management LLC boosted its holdings in THOR Industries by 19.4% during the fourth quarter. Salvus Wealth Management LLC now owns 42,168 shares of the construction company’s stock worth $4,036,000 after buying an additional 6,838 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings 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 worth $100,161,000 after acquiring an additional 12,758 shares during the last quarter. Institutional investors own 96.71% of the company’s stock.

THOR Industries Stock Down 0.2 %

Shares of THO opened at $68.14 on Thursday. The company has a 50-day moving average price of $84.70 and a two-hundred day moving average price of $97.76. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of 17.43, a P/E/G ratio of 1.16 and a beta of 1.59. THOR Industries, Inc. has a 12 month low of $63.16 and a 12 month high of $118.85.

THOR Industries (NYSE:THO) last issued its quarterly earnings data on Wednesday, March 5th. The construction company reported ($0.01) earnings per share for the quarter, missing the consensus estimate 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 period in the prior year, the company posted $0.13 earnings per share. THOR Industries’s quarterly revenue was down 8.6% compared to the same quarter last year. Equities analysts predict that THOR Industries, Inc. will post 4.64 EPS for the current fiscal year.

THOR Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.94%. The ex-dividend date of this dividend is Tuesday, April 8th. THOR Industries’s payout ratio is presently 53.05%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on THO shares. StockNews.com upgraded shares of THOR Industries from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. BMO Capital Markets dropped 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. Baird R W lowered THOR Industries from a “strong-buy” rating to a “hold” rating in a report on Friday, April 4th. KeyCorp reaffirmed an “underweight” rating and set a $65.00 price objective on shares of THOR Industries in a report on Thursday, March 20th. Finally, Robert W. Baird lowered THOR Industries from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $100.00 to $85.00 in a report on Friday, April 4th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $88.29.

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.