THOR Industries, Inc. (NYSE:THO) Shares Sold by Candlestick Capital Management LP

Candlestick Capital Management LP lowered its holdings in shares of THOR Industries, Inc. (NYSE:THO) by 30.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 450,517 shares of the construction company’s stock after selling 199,491 shares during the period. Candlestick Capital Management LP owned about 0.85% of THOR Industries worth $43,119,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. ACR Alpine Capital Research LLC raised its position in THOR Industries by 40.6% during the fourth quarter. ACR Alpine Capital Research LLC now owns 2,142,966 shares of the construction company’s stock worth $205,103,000 after acquiring an additional 619,318 shares during the last quarter. Timucuan Asset Management Inc. FL raised its position in THOR Industries by 16.2% during the fourth quarter. Timucuan Asset Management Inc. FL now owns 2,038,765 shares of the construction company’s stock worth $195,130,000 after acquiring an additional 283,744 shares during the last quarter. JPMorgan Chase & Co. raised its position in THOR Industries by 37.7% during the third quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock worth $165,078,000 after acquiring an additional 411,466 shares during the last quarter. Madison Investment Advisors LLC acquired a new position in THOR Industries during the fourth quarter worth about $95,688,000. Finally, American Century Companies Inc. raised its position in THOR Industries by 8.7% during the fourth quarter. American Century Companies Inc. now owns 939,146 shares of the construction company’s stock worth $89,886,000 after acquiring an additional 75,304 shares during the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

THOR Industries Trading Down 0.7 %

Shares of THO opened at $73.96 on Monday. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $3.93 billion, a P/E ratio of 18.92, a price-to-earnings-growth ratio of 1.16 and a beta of 1.59. The stock’s fifty day simple moving average is $80.28 and its 200 day simple moving average is $95.82. THOR Industries, Inc. has a twelve month low of $63.16 and a twelve month high of $118.85.

THOR Industries (NYSE:THO) last issued its earnings results 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). The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.98 billion. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The company’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same period last year, the business posted $0.13 earnings per share. On average, equities research analysts forecast that THOR Industries, Inc. will post 4.64 earnings per share for the current year.

THOR Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.70%. The ex-dividend date was Tuesday, April 8th. THOR Industries’s dividend payout ratio (DPR) is currently 53.05%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on THO shares. DA Davidson upgraded shares of THOR Industries to a “hold” rating in a research report on Monday, April 14th. KeyCorp lowered their price target on shares of THOR Industries from $65.00 to $60.00 and set an “underweight” rating for the company in a report on Thursday, April 17th. Robert W. Baird downgraded shares of THOR Industries from an “outperform” rating to a “neutral” rating and lowered their price target for the stock from $100.00 to $85.00 in a report on Friday, April 4th. BMO Capital Markets lowered their price target on shares of THOR Industries from $120.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Finally, Citigroup downgraded shares of THOR Industries from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $94.00 to $86.00 in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two 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 $87.57.

THOR Industries 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.