THOR Industries, Inc. (NYSE:THO) Shares Sold by O Shaughnessy Asset Management LLC

O Shaughnessy Asset Management LLC lowered its stake in shares of THOR Industries, Inc. (NYSE:THO) by 5.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 22,507 shares of the construction company’s stock after selling 1,242 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in THOR Industries were worth $2,641,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Fifth Third Bancorp raised its holdings in THOR Industries by 13.8% during the fourth quarter. Fifth Third Bancorp now owns 766 shares of the construction company’s stock worth $91,000 after purchasing an additional 93 shares in the last quarter. State of Michigan Retirement System raised its holdings in THOR Industries by 0.8% during the fourth quarter. State of Michigan Retirement System now owns 12,818 shares of the construction company’s stock worth $1,516,000 after purchasing an additional 100 shares in the last quarter. Ontario Teachers Pension Plan Board raised its holdings in THOR Industries by 0.8% during the first quarter. Ontario Teachers Pension Plan Board now owns 13,960 shares of the construction company’s stock worth $1,638,000 after purchasing an additional 108 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of THOR Industries by 70.8% in the 4th quarter. Parallel Advisors LLC now owns 292 shares of the construction company’s stock valued at $35,000 after acquiring an additional 121 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in shares of THOR Industries by 2.3% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,714 shares of the construction company’s stock valued at $670,000 after acquiring an additional 131 shares during the period. Institutional investors and hedge funds own 96.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on THO. Citigroup cut their target price on shares of THOR Industries from $120.00 to $113.00 and set a “buy” rating on the stock in a report on Friday, June 7th. Benchmark began coverage on shares of THOR Industries in a report on Thursday, July 18th. They issued a “hold” rating on the stock. Robert W. Baird cut their target price on shares of THOR Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, June 6th. Finally, Truist Financial cut their target price on shares of THOR Industries from $100.00 to $95.00 and set a “hold” rating on the stock in a report on Thursday, June 6th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, THOR Industries has an average rating of “Hold” and an average price target of $102.00.

THOR Industries Stock Performance

NYSE:THO traded down $2.45 during midday trading on Wednesday, reaching $96.50. The stock had a trading volume of 968,405 shares, compared to its average volume of 493,228. The firm has a fifty day simple moving average of $95.73 and a two-hundred day simple moving average of $105.73. THOR Industries, Inc. has a 12-month low of $84.54 and a 12-month high of $129.31. The company has a quick ratio of 0.74, a current ratio of 1.65 and a debt-to-equity ratio of 0.30. The stock has a market cap of $5.13 billion, a P/E ratio of 19.94 and a beta of 1.71.

THOR Industries (NYSE:THO) last posted its quarterly earnings data on Wednesday, June 5th. The construction company reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.89 by $0.24. The firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.73 billion. THOR Industries had a net margin of 2.59% and a return on equity of 7.07%. THOR Industries’s quarterly revenue was down 4.4% on a year-over-year basis. During the same period last year, the firm posted $2.24 EPS. On average, equities analysts expect that THOR Industries, Inc. will post 4.79 EPS for the current year.

THOR Industries Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Wednesday, July 3rd were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $1.92 annualized dividend and a dividend yield of 1.99%. THOR Industries’s payout ratio is currently 38.95%.

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.