Wealth Alliance Trims Stake in THOR Industries, Inc. (NYSE:THO)

Wealth Alliance lowered its holdings in THOR Industries, Inc. (NYSE:THO) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,793 shares of the construction company’s stock after selling 141 shares during the quarter. Wealth Alliance’s holdings in THOR Industries were worth $448,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. LVW Advisors LLC increased its holdings in THOR Industries by 2.1% during the 4th quarter. LVW Advisors LLC now owns 4,430 shares of the construction company’s stock worth $524,000 after purchasing an additional 91 shares during the period. Fifth Third Bancorp increased its holdings in THOR Industries by 13.8% during the 4th quarter. Fifth Third Bancorp now owns 766 shares of the construction company’s stock worth $91,000 after purchasing an additional 93 shares during the period. State of Michigan Retirement System boosted its position in shares of THOR Industries by 0.8% during the 4th quarter. State of Michigan Retirement System now owns 12,818 shares of the construction company’s stock worth $1,516,000 after acquiring an additional 100 shares in the last quarter. Macquarie Group Ltd. boosted its position in shares of THOR Industries by 3.9% during the 2nd quarter. Macquarie Group Ltd. now owns 3,028 shares of the construction company’s stock worth $227,000 after acquiring an additional 113 shares in the last quarter. Finally, Money Concepts Capital Corp boosted its position in shares of THOR Industries by 1.3% during the 4th quarter. Money Concepts Capital Corp now owns 10,545 shares of the construction company’s stock worth $796,000 after acquiring an additional 131 shares in the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Insider Transactions at THOR Industries

In related news, COO W. Todd Woelfer sold 3,333 shares of the firm’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $115.00, for a total value of $383,295.00. Following the completion of the transaction, the chief operating officer now directly owns 98,347 shares of the company’s stock, valued at approximately $11,309,905. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 4.70% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on THO. Truist Financial upped their price objective on THOR Industries from $96.00 to $105.00 and gave the stock a “hold” rating in a research report on Tuesday, January 9th. Robert W. Baird upped their price objective on THOR Industries from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. TheStreet cut THOR Industries from a “b-” rating to a “c+” rating in a research report on Monday, March 18th. Finally, Citigroup raised THOR Industries from a “neutral” rating to a “buy” rating and upped their target price for the company from $111.00 to $122.00 in a research report on Friday, March 15th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, THOR Industries has a consensus rating of “Hold” and an average price target of $104.00.

THOR Industries Stock Down 1.3 %

THOR Industries stock opened at $98.52 on Thursday. THOR Industries, Inc. has a twelve month low of $74.50 and a twelve month high of $129.31. The stock has a 50 day moving average of $113.41 and a two-hundred day moving average of $107.56. The company has a current ratio of 1.75, a quick ratio of 0.65 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of 19.55 and a beta of 1.78.

THOR Industries (NYSE:THO) last issued its earnings results on Wednesday, March 6th. The construction company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.54). The business had revenue of $2.21 billion for the quarter, compared to analysts’ expectations of $2.27 billion. THOR Industries had a return on equity of 7.28% and a net margin of 2.62%. The business’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period last year, the company posted $0.50 earnings per share. As a group, research analysts expect that THOR Industries, Inc. will post 5.37 earnings per share for the current year.

THOR Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date of this dividend is Monday, April 8th. THOR Industries’s dividend payout ratio (DPR) is 38.10%.

THOR Industries Company 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.