THOR Industries, Inc. (NYSE:THO) Shares Sold by ACR Alpine Capital Research LLC

ACR Alpine Capital Research LLC decreased its position in shares of THOR Industries, Inc. (NYSE:THO) by 0.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,461,587 shares of the construction company’s stock after selling 11,265 shares during the quarter. THOR Industries accounts for approximately 5.2% of ACR Alpine Capital Research LLC’s investment portfolio, making the stock its 12th largest holding. ACR Alpine Capital Research LLC owned 2.74% of THOR Industries worth $171,503,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of THO. Texas Permanent School Fund Corp raised its position in THOR Industries by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 46,668 shares of the construction company’s stock valued at $5,476,000 after acquiring an additional 643 shares in the last quarter. Consolidated Planning Corp purchased a new position in THOR Industries during the first quarter valued at approximately $244,000. Fidelis Capital Partners LLC purchased a new position in THOR Industries during the first quarter valued at approximately $119,000. Choreo LLC raised its position in THOR Industries by 1.4% during the first quarter. Choreo LLC now owns 286,154 shares of the construction company’s stock valued at $33,577,000 after acquiring an additional 4,052 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in THOR Industries by 3.3% during the first quarter. Janney Montgomery Scott LLC now owns 115,675 shares of the construction company’s stock valued at $13,573,000 after acquiring an additional 3,688 shares in the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on THO. TheStreet cut THOR Industries from a “b-” rating to a “c+” rating in a research report on Monday, March 18th. Truist Financial cut their price objective on THOR Industries from $100.00 to $95.00 and set a “hold” rating for the company in a research report on Thursday, June 6th. Citigroup cut their price objective on THOR Industries from $120.00 to $113.00 and set a “buy” rating for the company in a research report on Friday, June 7th. Finally, Robert W. Baird cut their price objective on THOR Industries from $120.00 to $110.00 and set an “outperform” rating for the company in a research report on Thursday, June 6th. Three investment 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, THOR Industries presently has a consensus rating of “Moderate Buy” and an average target price of $102.00.

THOR Industries Price Performance

Shares of THO traded up $4.25 during trading hours on Thursday, hitting $97.23. 567,303 shares of the stock were exchanged, compared to its average volume of 484,291. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.74 and a current ratio of 1.65. THOR Industries, Inc. has a 12-month low of $84.54 and a 12-month high of $129.31. The company has a market cap of $5.17 billion, a price-to-earnings ratio of 19.72 and a beta of 1.71. The stock’s 50-day moving average price is $96.24 and its two-hundred day moving average price is $106.80.

THOR Industries (NYSE:THO) last issued its quarterly earnings results on Wednesday, June 5th. The construction company reported $2.13 EPS for the quarter, topping the consensus estimate of $1.89 by $0.24. THOR Industries had a return on equity of 7.07% and a net margin of 2.59%. The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.73 billion. During the same period in the previous year, the business earned $2.24 earnings per share. The firm’s revenue for the quarter was down 4.4% on a year-over-year basis. Research analysts expect that THOR Industries, Inc. will post 4.79 earnings per share for the current year.

THOR Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Wednesday, July 3rd will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend is Wednesday, July 3rd. THOR Industries’s payout ratio is 38.95%.

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.