Lecap Asset Management Ltd. Takes $828,000 Position in THOR Industries, Inc. (NYSE:THO)

Lecap Asset Management Ltd. purchased a new position in THOR Industries, Inc. (NYSE:THO) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 8,861 shares of the construction company’s stock, valued at approximately $828,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of THO. Neo Ivy Capital Management bought a new stake in THOR Industries during the second quarter valued at $1,091,000. Shayne & Jacobs LLC boosted its holdings in shares of THOR Industries by 2.5% in the 2nd quarter. Shayne & Jacobs LLC now owns 21,721 shares of the construction company’s stock valued at $2,030,000 after buying an additional 520 shares during the period. Raymond James & Associates grew its position in shares of THOR Industries by 4.1% during the 2nd quarter. Raymond James & Associates now owns 331,524 shares of the construction company’s stock valued at $30,981,000 after buying an additional 12,958 shares during the last quarter. Blue Trust Inc. grew its position in shares of THOR Industries by 548.1% during the 2nd quarter. Blue Trust Inc. now owns 337 shares of the construction company’s stock valued at $31,000 after buying an additional 285 shares during the last quarter. Finally, Assenagon Asset Management S.A. raised its stake in THOR Industries by 28.8% during the second quarter. Assenagon Asset Management S.A. now owns 21,205 shares of the construction company’s stock worth $1,982,000 after acquiring an additional 4,737 shares during the period. 96.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on THO shares. Robert W. Baird reduced their price objective on THOR Industries from $120.00 to $110.00 and set an “outperform” rating for the company in a research report on Thursday, June 6th. Truist Financial dropped their price objective on shares of THOR Industries from $100.00 to $95.00 and set a “hold” rating on the stock in a report on Thursday, June 6th. Citigroup decreased their target price on shares of THOR Industries from $120.00 to $113.00 and set a “buy” rating for the company in a research report on Friday, June 7th. Finally, Benchmark began coverage on shares of THOR Industries in a research note on Thursday, July 18th. They issued a “hold” rating on the stock. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $102.00.

THOR Industries Price Performance

Shares of NYSE:THO traded up $2.38 during trading on Wednesday, reaching $103.56. The company had a trading volume of 196,934 shares, compared to its average volume of 488,353. THOR Industries, Inc. has a twelve month low of $84.54 and a twelve month high of $129.31. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.74 and a current ratio of 1.65. The firm has a market capitalization of $5.51 billion, a PE ratio of 21.03 and a beta of 1.71. The firm’s fifty day moving average is $97.16 and its 200 day moving average is $103.91.

THOR Industries (NYSE:THO) last posted its quarterly earnings data on Wednesday, June 5th. The construction company reported $2.13 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the previous year, the business earned $2.24 EPS. The company’s quarterly revenue was down 4.4% compared to the same quarter last year. On average, equities analysts forecast that THOR Industries, Inc. will post 4.79 EPS for the current year.

THOR Industries Dividend Announcement

The business also recently disclosed 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 1.85%. THOR Industries’s dividend payout ratio (DPR) is presently 38.95%.

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.