MJP Associates Inc. ADV Grows Position in THOR Industries, Inc. (NYSE:THO)

MJP Associates Inc. ADV grew its stake in shares of THOR Industries, Inc. (NYSE:THO) by 18.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,168 shares of the construction company’s stock after buying an additional 333 shares during the period. MJP Associates Inc. ADV’s holdings in THOR Industries were worth $254,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of THO. LVW Advisors LLC boosted its holdings in shares of THOR Industries by 2.1% during the fourth quarter. LVW Advisors LLC now owns 4,430 shares of the construction company’s stock worth $524,000 after purchasing an additional 91 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of 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 during the last quarter. State of Michigan Retirement System boosted its holdings in shares of 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 during the last quarter. Parallel Advisors LLC boosted its holdings in shares of THOR Industries by 70.8% during the fourth quarter. Parallel Advisors LLC now owns 292 shares of the construction company’s stock worth $35,000 after purchasing an additional 121 shares during the last quarter. Finally, CWM LLC boosted its holdings in shares of THOR Industries by 15.5% during the first quarter. CWM LLC now owns 992 shares of the construction company’s stock worth $116,000 after purchasing an additional 133 shares during the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

THOR Industries Stock Performance

Shares of THO traded up $0.21 during mid-day trading on Friday, hitting $90.89. The stock had a trading volume of 908,457 shares, compared to its average volume of 542,252. The company has a market cap of $4.84 billion, a PE ratio of 18.44 and a beta of 1.74. The company’s fifty day simple moving average is $98.51 and its two-hundred day simple moving average is $108.79. The company has a quick ratio of 0.74, a current ratio of 1.65 and a debt-to-equity ratio of 0.30. THOR Industries, Inc. has a fifty-two week low of $84.54 and a fifty-two week high of $129.31.

THOR Industries (NYSE:THO) last issued its 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 company had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same quarter last year, the firm earned $2.24 EPS. The business’s revenue was down 4.4% on a year-over-year basis. On average, equities analysts expect that THOR Industries, Inc. will post 4.8 earnings per share for the current year.

THOR Industries Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Wednesday, July 3rd. This represents a $1.92 dividend on an annualized basis and a yield of 2.11%. THOR Industries’s dividend payout ratio is currently 38.95%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. Citigroup decreased their price objective on THOR Industries from $120.00 to $113.00 and set a “buy” rating on the stock in a report on Friday, June 7th. Robert W. Baird dropped their target price on THOR Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, June 6th. Truist Financial dropped their price objective on THOR Industries from $100.00 to $95.00 and set a “hold” rating on the stock in a report on Thursday, June 6th. Finally, TheStreet downgraded THOR Industries from a “b-” rating to a “c+” rating in a report on Monday, March 18th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $102.00.

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.