Retirement Systems of Alabama Purchases 233 Shares of THOR Industries, Inc. (NYSE:THO)

Retirement Systems of Alabama grew its position in shares of THOR Industries, Inc. (NYSE:THO) by 0.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,960 shares of the construction company’s stock after buying an additional 233 shares during the quarter. Retirement Systems of Alabama owned 0.13% of THOR Industries worth $7,857,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Mather Group LLC. bought a new position in THOR Industries in the 1st quarter worth $30,000. Parallel Advisors LLC raised its holdings in THOR Industries by 70.8% in the 4th 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 period. Benjamin F. Edwards & Company Inc. raised its holdings in THOR Industries by 3,063.6% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 348 shares of the construction company’s stock worth $41,000 after purchasing an additional 337 shares during the period. GAMMA Investing LLC bought a new position in THOR Industries in the 4th quarter worth $47,000. Finally, Planned Solutions Inc. bought a new position in THOR Industries in the 4th quarter worth $62,000. 96.71% of the stock is owned by institutional investors.

THOR Industries Trading Down 1.1 %

NYSE THO traded down $1.07 during trading hours on Friday, hitting $91.99. 796,409 shares of the company were exchanged, compared to its average volume of 486,738. The stock has a 50-day moving average price of $96.91 and a 200 day moving average price of $107.66. 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 52 week low of $84.54 and a 52 week high of $129.31. The stock has a market cap of $4.89 billion, a PE ratio of 18.88 and a beta of 1.71.

THOR Industries (NYSE:THO) last announced its earnings results on Wednesday, June 5th. The construction company reported $2.13 earnings per share (EPS) for the quarter, beating 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 business had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the previous year, the business earned $2.24 earnings per share. The company’s revenue for the quarter was down 4.4% compared to the same quarter last year. Analysts forecast that THOR Industries, Inc. will post 4.79 earnings per share for the current fiscal 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 issued a $0.48 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.09%. THOR Industries’s payout ratio is 38.95%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Citigroup cut their price target on THOR Industries from $120.00 to $113.00 and set a “buy” rating for the company in a research note on Friday, June 7th. TheStreet lowered THOR Industries from a “b-” rating to a “c+” rating in a research note on Monday, March 18th. Robert W. Baird cut their price target on THOR Industries from $120.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, June 6th. Finally, Truist Financial cut their price target on THOR Industries from $100.00 to $95.00 and set a “hold” rating for the company in a research note on Thursday, June 6th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $102.00.

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.