THOR Industries, Inc. (NYSE:THO) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lowered its position in shares of THOR Industries, Inc. (NYSE:THO) by 7.9% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,053 shares of the construction company’s stock after selling 2,393 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.05% of THOR Industries worth $3,317,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Jump Financial LLC purchased a new stake in shares of THOR Industries during the third quarter valued at approximately $489,000. Gotham Asset Management LLC raised its stake in shares of THOR Industries by 97.4% during the third quarter. Gotham Asset Management LLC now owns 60,403 shares of the construction company’s stock valued at $5,746,000 after purchasing an additional 29,796 shares during the period. Reinhart Partners LLC. raised its stake in shares of THOR Industries by 4.9% during the fourth quarter. Reinhart Partners LLC. now owns 296,045 shares of the construction company’s stock valued at $35,007,000 after purchasing an additional 13,849 shares during the period. Algert Global LLC raised its stake in shares of THOR Industries by 42.4% during the third quarter. Algert Global LLC now owns 48,237 shares of the construction company’s stock valued at $4,589,000 after purchasing an additional 14,365 shares during the period. Finally, Strata Wealth Advisors LLC purchased a new stake in shares of THOR Industries during the fourth quarter valued at approximately $3,232,000. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on THO shares. Robert W. Baird lifted their price objective on shares of THOR Industries from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. TheStreet lowered shares of THOR Industries from a “b-” rating to a “c+” rating in a research note on Monday, March 18th. Truist Financial lifted their price target on shares of THOR Industries from $96.00 to $105.00 and gave the stock a “hold” rating in a research note on Tuesday, January 9th. Finally, Citigroup upgraded shares of THOR Industries from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $111.00 to $122.00 in a research note on Friday, March 15th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, THOR Industries currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.00.

THOR Industries Stock Performance

THOR Industries stock opened at $100.57 on Friday. The company has a market cap of $5.36 billion, a PE ratio of 19.95 and a beta of 1.78. The company has a fifty day moving average price of $111.33 and a two-hundred day moving average price of $107.81. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.75 and a quick ratio of 0.65. THOR Industries, Inc. has a 12 month low of $75.30 and a 12 month high of $129.31.

THOR Industries (NYSE:THO) last released its quarterly earnings data on Wednesday, March 6th. The construction company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.54). The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.27 billion. THOR Industries had a return on equity of 7.28% and a net margin of 2.62%. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.50 EPS. Research analysts expect that THOR Industries, Inc. will post 5.37 earnings per share for the current year.

THOR Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.91%. The ex-dividend date was 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.