iA Global Asset Management Inc. Has $5.06 Million Position in THOR Industries, Inc. (NYSE:THO)

iA Global Asset Management Inc. lessened its stake in shares of THOR Industries, Inc. (NYSE:THO) by 1.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,120 shares of the construction company’s stock after selling 580 shares during the period. iA Global Asset Management Inc. owned about 0.08% of THOR Industries worth $5,060,000 as of its most recent filing with the SEC.

Several other large investors also recently made changes to their positions in the stock. Choreo LLC raised its stake in THOR Industries by 23.3% in the 4th quarter. Choreo LLC now owns 282,102 shares of the construction company’s stock valued at $33,494,000 after acquiring an additional 53,263 shares during the period. Madison Asset Management LLC raised its position in shares of THOR Industries by 3.0% in the fourth quarter. Madison Asset Management LLC now owns 406,413 shares of the construction company’s stock valued at $48,058,000 after purchasing an additional 11,814 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of THOR Industries by 596.7% during the 1st quarter. BNP Paribas Financial Markets now owns 47,061 shares of the construction company’s stock worth $5,522,000 after buying an additional 40,306 shares during the last quarter. Inspire Advisors LLC boosted its holdings in shares of THOR Industries by 9.3% during the 1st quarter. Inspire Advisors LLC now owns 1,894 shares of the construction company’s stock worth $222,000 after buying an additional 161 shares during the period. Finally, ACR Alpine Capital Research LLC grew its stake in THOR Industries by 1.6% in the 4th quarter. ACR Alpine Capital Research LLC now owns 1,472,852 shares of the construction company’s stock valued at $174,165,000 after buying an additional 22,542 shares during the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

THOR Industries Stock Down 5.1 %

NYSE THO traded down $5.40 on Thursday, reaching $100.74. The company had a trading volume of 692,779 shares, compared to its average volume of 496,848. 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 capitalization of $5.36 billion, a P/E ratio of 20.44 and a beta of 1.71. The company’s fifty day moving average is $96.09 and its 200 day moving average is $105.35. THOR Industries, Inc. has a 52-week low of $84.54 and a 52-week high of $129.31.

THOR Industries (NYSE:THO) last posted 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. The firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.73 billion. THOR Industries had a net margin of 2.59% and a return on equity of 7.07%. The company’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same quarter last year, the firm earned $2.24 EPS. Sell-side analysts anticipate 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 was paid on Thursday, July 18th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.91%. THOR Industries’s dividend payout ratio is presently 38.95%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Robert W. Baird decreased their price target on THOR Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, June 6th. Benchmark assumed coverage on shares of THOR Industries in a report on Thursday, July 18th. They set a “hold” rating for the company. Citigroup reduced their price target on shares of THOR Industries from $120.00 to $113.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Finally, Truist Financial lowered their price objective on shares of THOR Industries from $100.00 to $95.00 and set a “hold” rating for the company in a research report on Thursday, June 6th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target 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.