1 day Ago By ABMN Staff
Victory Capital Management Inc. trimmed its stake in THOR Industries, Inc. ( NYSE:THO – Free Report ) by 4.
6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,107 shares of the construction company’s stock after selling 2,924 shares during the quarter. Victory Capital Management Inc.
’s holdings in THOR Industries were worth $5,849,000 at the end of the most recent reporting period. A number of other hedge funds have also recently bought and sold shares of the stock. Van ECK Associates Corp bought a new stake in THOR Industries in the 3rd quarter valued at $32,000.
Axxcess Wealth Management LLC bought a new stake in THOR Industries in the 3rd quarter valued at $220,000. Crossmark Global Holdings Inc. boosted its stake in THOR Industries by 7.
6% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,419 shares of the construction company’s stock valued at $375,000 after purchasing an additional 242 shares during the period.
Entropy Technologies LP acquired a new position in THOR Industries in the 3rd quarter valued at $502,000. Finally, KBC Group NV raised its holdings in THOR Industries by 19.0% in the 3rd quarter.
KBC Group NV now owns 1,558 shares of the construction company’s stock valued at $171,000 after acquiring an additional 249 shares in the last quarter. 96.71% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth Several equities analysts have weighed in on THO shares. Truist Financial dropped their price objective on THOR Industries from $110.00 to $90.
00 and set a “hold” rating for the company in a report on Thursday, March 6th. Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. Bank of America raised THOR Industries from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $110.
00 to $125.00 in a report on Monday, March 3rd. StockNews.
com raised THOR Industries from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. Finally, Robert W. Baird lowered their price target on THOR Industries from $110.
00 to $100.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock.
According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $104.00.
THOR Industries Stock Up 4.9 % NYSE THO opened at $80.55 on Friday.
The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.
78. The stock has a market capitalization of $4.29 billion, a PE ratio of 20.
60, a PEG ratio of 1.16 and a beta of 1.74.
THOR Industries, Inc. has a 1 year low of $75.78 and a 1 year high of $118.
85. The business’s 50-day moving average is $97.84 and its 200 day moving average is $103.
12. THOR Industries ( NYSE:THO – Get Free Report ) last posted its quarterly earnings data on Wednesday, March 5th. The construction company reported ($0.
01) earnings per share 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 firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.98 billion.
During the same period in the previous year, the firm posted $0.13 earnings per share. The business’s revenue was down 8.
6% compared to the same quarter last year. Sell-side analysts forecast that THOR Industries, Inc. will post 4.
64 earnings per share for the current year. THOR Industries Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, January 6th were issued a $0.
50 dividend. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.
00 dividend on an annualized basis and a yield of 2.48%. THOR Industries’s payout ratio is currently 53.
05%. THOR Industries Company Profile ( 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.
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