THOR Industries, Inc. (NYSE:THO) Shares Acquired by Reinhart Partners LLC.

Reinhart Partners LLC. increased its holdings in shares of THOR Industries, Inc. (NYSE:THO) by 6.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 382,754 shares of the construction company’s stock after buying an additional 22,612 shares during the period. Reinhart Partners LLC. owned about 0.72% of THOR Industries worth $29,017,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Madison Investment Advisors LLC acquired a new stake in shares of THOR Industries in the fourth quarter valued at about $95,688,000. ACR Alpine Capital Research LLC boosted its holdings in THOR Industries by 40.6% in the 4th quarter. ACR Alpine Capital Research LLC now owns 2,142,966 shares of the construction company’s stock worth $205,103,000 after buying an additional 619,318 shares during the last quarter. Norges Bank purchased a new stake in THOR Industries during the 4th quarter worth approximately $54,754,000. Raymond James Financial Inc. purchased a new stake in THOR Industries during the 4th quarter worth approximately $52,497,000. Finally, Timucuan Asset Management Inc. FL raised its holdings in shares of 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 valued at $195,130,000 after acquiring an additional 283,744 shares during the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

THOR Industries Price Performance

Shares of THO stock opened at $86.75 on Friday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78. The company has a market capitalization of $4.62 billion, a PE ratio of 22.19, a price-to-earnings-growth ratio of 1.16 and a beta of 1.21. The firm’s 50-day moving average is $75.86 and its two-hundred day moving average is $89.89. THOR Industries, Inc. has a 12 month low of $63.16 and a 12 month high of $118.85.

THOR Industries (NYSE:THO) last announced its quarterly earnings results on Wednesday, June 4th. The construction company reported $2.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.79 by $0.74. The business had revenue of $2.89 billion during the quarter, compared to the consensus estimate of $2.60 billion. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The business’s revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm earned $2.13 EPS. Analysts predict that THOR Industries, Inc. will post 4.64 earnings per share for the current year.

THOR Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.31%. The ex-dividend date of this dividend was Tuesday, April 8th. THOR Industries’s payout ratio is 47.96%.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Bank of America upgraded THOR Industries from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $110.00 to $125.00 in a research report on Monday, March 3rd. Citigroup lowered shares of THOR Industries from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $94.00 to $86.00 in a report on Wednesday, March 19th. KeyCorp raised their price target on shares of THOR Industries from $60.00 to $65.00 and gave the stock an “underweight” rating in a research note on Friday, May 30th. Wall Street Zen raised shares of THOR Industries from a “sell” rating to a “hold” rating in a research note on Friday. Finally, DA Davidson upgraded shares of THOR Industries to a “hold” rating in a report on Monday, April 14th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, THOR Industries has a consensus rating of “Hold” and an average price target of $89.14.

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.