THOR Industries, Inc. (NYSE:THO) Shares Sold by Wells Fargo & Company MN

Wells Fargo & Company MN reduced its stake in shares of THOR Industries, Inc. (NYSE:THO) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 682,235 shares of the construction company’s stock after selling 7,986 shares during the quarter. Wells Fargo & Company MN owned 1.28% of THOR Industries worth $80,674,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. LVW Advisors LLC increased its stake in THOR Industries by 2.1% in the 4th quarter. LVW Advisors LLC now owns 4,430 shares of the construction company’s stock valued at $524,000 after purchasing an additional 91 shares in the last quarter. Fifth Third Bancorp raised its stake in shares of 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 buying an additional 93 shares during the last quarter. State of Michigan Retirement System boosted its position in shares of THOR Industries by 0.8% in the 4th quarter. State of Michigan Retirement System now owns 12,818 shares of the construction company’s stock worth $1,516,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System grew its stake in THOR Industries by 1.0% in the 3rd quarter. Arizona State Retirement System now owns 14,419 shares of the construction company’s stock valued at $1,372,000 after acquiring an additional 138 shares during the last quarter. Finally, Smithfield Trust Co increased its holdings in THOR Industries by 127.2% during the 3rd quarter. Smithfield Trust Co now owns 284 shares of the construction company’s stock valued at $27,000 after acquiring an additional 159 shares in the last quarter. 96.71% of the stock is owned by hedge funds and other institutional investors.

THOR Industries Stock Down 1.6 %

Shares of NYSE:THO opened at $95.45 on Friday. 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 firm has a market cap of $5.09 billion, a price-to-earnings ratio of 18.94 and a beta of 1.80. The stock’s 50-day moving average price is $104.87 and its two-hundred day moving average price is $109.29. THOR Industries, Inc. has a 12-month low of $75.93 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 firm had revenue of $2.21 billion for 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 company’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.50 earnings per share. On average, research analysts forecast that THOR Industries, Inc. will post 5.37 EPS for the current year.

THOR Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend was Monday, April 8th. THOR Industries’s dividend payout ratio is presently 38.10%.

Wall Street Analyst Weigh In

Several analysts have recently commented on THO shares. Robert W. Baird increased their price target on shares of THOR Industries from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. TheStreet downgraded THOR Industries from a “b-” rating to a “c+” rating in a research report on Monday, March 18th. Finally, Citigroup upgraded 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $104.00.

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.