2 weeks Ago By Defense World Staff
Cerity Partners LLC reduced its stake in THOR Industries, Inc. (NYSE:THO – Free Report) by 32.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission.
The firm owned 2,158 shares of the construction company’s stock after selling 1,049 shares during the period. Cerity Partners LLC’s holdings in THOR Industries were worth $221,000 as of its most recent filing with the Securities and Exchange Commission. Other large investors have also added to or reduced their stakes in the company.
Atala Financial Inc bought a new stake in shares of THOR Industries during the 4th quarter valued at $27,000. First Horizon Advisors Inc. raised its stake in THOR Industries by 57.
3% in the fourth quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock valued at $32,000 after purchasing an additional 121 shares in the last quarter.
Brown Brothers Harriman & Co. lifted its position in THOR Industries by 369.7% during the fourth quarter.
Brown Brothers Harriman & Co. now owns 418 shares of the construction company’s stock worth $40,000 after purchasing an additional 329 shares during the period. Stonebridge Financial Group LLC acquired a new stake in THOR Industries during the fourth quarter worth about $51,000.
Finally, Tortoise Investment Management LLC increased its holdings in THOR Industries by 78.3% in the 4th quarter. Tortoise Investment Management LLC now owns 576 shares of the construction company’s stock valued at $55,000 after buying an additional 253 shares during the period.
Institutional investors and hedge funds own 96.71% of the company’s stock. THOR Industries Stock PerformanceNYSE:THO opened at $74.
46 on Friday. The stock’s 50-day moving average is $80.88 and its 200-day moving average is $96.
19. The stock has a market cap of $3.96 billion, a P/E ratio of 19.
04, a price-to-earnings-growth ratio of 1.16 and a beta of 1.59.
THOR Industries, Inc. has a 1-year low of $63.16 and a 1-year high of $118.
85. The company has a current ratio of 1.71, a quick ratio of 0.
78 and a debt-to-equity ratio of 0.26. THOR Industries (NYSE:THO – Get Free Report) last announced its quarterly earnings results on Wednesday, March 5th.
The construction company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.
08). THOR Industries had a net margin of 2.17% and a return on equity of 5.
97%. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.
98 billion. During the same quarter last year, the company posted $0.13 earnings per share.
The company’s revenue was down 8.6% compared to the same quarter last year. Equities research analysts anticipate that THOR Industries, Inc.
will post 4.64 earnings per share for the current year. THOR Industries Announces DividendThe business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd.
Stockholders of record on Tuesday, April 8th were paid a $0.50 dividend. The ex-dividend date was Tuesday, April 8th.
This represents a $2.00 annualized dividend and a dividend yield of 2.69%.
THOR Industries’s payout ratio is 53.05%. Analyst Upgrades and DowngradesSeveral analysts recently issued reports on the stock.
Truist Financial reduced their price target on shares of THOR Industries from $90.00 to $72.00 and set a “hold” rating on the stock in a research report on Monday, April 14th.
KeyCorp reduced their target price on THOR Industries from $65.00 to $60.00 and set an “underweight” rating on the stock in a report on Thursday, April 17th.
Citigroup cut THOR Industries from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $94.00 to $86.00 in a report on Wednesday, March 19th.
BMO Capital Markets reduced their price objective on THOR Industries from $120.00 to $105.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th.
Finally, Baird R W downgraded THOR Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.
com, the company presently has an average rating of “Hold” and an average target price of $87.57.Read Our Latest Research Report on THOAbout THOR Industries (Free Report)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.Further ReadingFive stocks we like better than THOR IndustriesHow to Short a Stock in 5 Easy Steps 2 Strong Utilities Plays With Booming Earnings and Room to GrowWhy Understanding Call Option Volume is Essential to Successful Options TradingWhy Smart Investors Don’t Panic in Election SeasonHow to Use the MarketBeat Stock Screener Now Is the Time to Buy ServiceNow—The Rebound Is Real.
