THOR Industries, Inc. (NYSE:THO) Shares Bought by Centric Wealth Management

Centric Wealth Management grew its holdings in shares of THOR Industries, Inc. (NYSE:THO) by 7.1% in the 4th quarter, Holdings Channel reports. The fund owned 18,081 shares of the construction company’s stock after acquiring an additional 1,195 shares during the period. Centric Wealth Management’s holdings in THOR Industries were worth $2,066,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. lifted its position in shares of THOR Industries by 4.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 573,750 shares of the construction company’s stock worth $67,846,000 after purchasing an additional 22,584 shares during the last quarter. ACR Alpine Capital Research LLC raised its holdings in shares of THOR Industries by 1.6% during the fourth quarter. ACR Alpine Capital Research LLC now owns 1,472,852 shares of the construction company’s stock valued at $174,165,000 after buying an additional 22,542 shares during the last quarter. Summit Trail Advisors LLC acquired a new position in shares of THOR Industries during the fourth quarter valued at approximately $203,000. Vestmark Advisory Solutions Inc. grew its position in THOR Industries by 3.1% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 25,697 shares of the construction company’s stock worth $3,039,000 after buying an additional 774 shares during the last quarter. Finally, Sapient Capital LLC acquired a new position in THOR Industries in the fourth quarter worth approximately $917,000. 96.71% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on THO. TheStreet cut shares of THOR Industries from a “b-” rating to a “c+” rating in a research report on Monday, March 18th. Truist Financial lifted their price objective on shares of 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 lifted their price objective on shares of THOR Industries from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Finally, Citigroup upgraded shares of THOR Industries from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $111.00 to $122.00 in a research report on Friday, March 15th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $104.00.

THOR Industries Stock Performance

THO traded up $0.95 on Wednesday, hitting $102.32. 133,544 shares of the stock traded hands, compared to its average volume of 462,222. The business has a fifty day moving average price of $107.77 and a two-hundred day moving average price of $108.52. The company has a current ratio of 1.75, a quick ratio of 0.65 and a debt-to-equity ratio of 0.35. THOR Industries, Inc. has a 52 week low of $75.93 and a 52 week high of $129.31. The firm has a market capitalization of $5.46 billion, a PE ratio of 20.24 and a beta of 1.80.

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

THOR Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend was Monday, April 8th. THOR Industries’s dividend payout ratio (DPR) is currently 38.10%.

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.