LSV Asset Management Sells 27,500 Shares of THOR Industries, Inc. (NYSE:THO)

LSV Asset Management trimmed its holdings in THOR Industries, Inc. (NYSE:THO) by 3.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 827,100 shares of the construction company’s stock after selling 27,500 shares during the quarter. LSV Asset Management owned about 1.55% of THOR Industries worth $97,805,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in THO. Parkside Financial Bank & Trust increased its stake in shares of THOR Industries by 889.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 277 shares of the construction company’s stock valued at $26,000 after buying an additional 249 shares during the period. Smithfield Trust Co increased its position in THOR Industries by 127.2% in the third quarter. Smithfield Trust Co now owns 284 shares of the construction company’s stock worth $27,000 after purchasing an additional 159 shares during the period. GAMMA Investing LLC bought a new stake in THOR Industries during the 4th quarter worth about $47,000. Planned Solutions Inc. acquired a new position in THOR Industries during the 4th quarter valued at about $62,000. Finally, Signaturefd LLC boosted its stake in shares of THOR Industries by 121.5% in the 3rd quarter. Signaturefd LLC now owns 731 shares of the construction company’s stock valued at $70,000 after purchasing an additional 401 shares during the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

THOR Industries Trading Up 1.3 %

Shares of THO stock traded up $1.24 on Friday, hitting $99.97. The stock had a trading volume of 500,947 shares, compared to its average volume of 466,771. The firm has a market cap of $5.33 billion, a P/E ratio of 19.84 and a beta of 1.80. THOR Industries, Inc. has a twelve month low of $75.93 and a twelve month high of $129.31. 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 company has a fifty day moving average price of $108.80 and a two-hundred day moving average price of $108.15.

THOR Industries (NYSE:THO) last posted 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). THOR Industries had a net margin of 2.62% and a return on equity of 7.28%. The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same period in the previous year, the firm posted $0.50 earnings per share. The firm’s revenue was down 5.9% on a year-over-year basis. As a group, analysts forecast that THOR Industries, Inc. will post 5.37 earnings per share for the current fiscal year.

THOR Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.92%. The ex-dividend date was Monday, April 8th. THOR Industries’s dividend payout ratio is 38.10%.

Wall Street Analyst Weigh In

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

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.