THOR Industries, Inc. (NYSE:THO) Stake Reduced by Inspire Investing LLC

Inspire Investing LLC trimmed its stake in THOR Industries, Inc. (NYSE:THO) by 6.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,490 shares of the construction company’s stock after selling 239 shares during the quarter. Inspire Investing LLC’s holdings in THOR Industries were worth $409,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Norges Bank bought a new position in THOR Industries during the fourth quarter valued at approximately $65,391,000. Pacer Advisors Inc. grew its stake in THOR Industries by 56.7% during the fourth quarter. Pacer Advisors Inc. now owns 725,667 shares of the construction company’s stock worth $85,810,000 after buying an additional 262,478 shares during the last quarter. Vanguard Group Inc. increased its holdings in THOR Industries by 4.1% during the 3rd quarter. Vanguard Group Inc. now owns 5,270,059 shares of the construction company’s stock valued at $501,341,000 after purchasing an additional 208,343 shares in the last quarter. Deutsche Bank AG lifted its position in THOR Industries by 2,509.8% during the 3rd quarter. Deutsche Bank AG now owns 180,178 shares of the construction company’s stock worth $17,140,000 after buying an additional 173,274 shares in the last quarter. Finally, Scout Investments Inc. grew its stake in shares of THOR Industries by 89.7% during the fourth quarter. Scout Investments Inc. now owns 239,396 shares of the construction company’s stock valued at $28,309,000 after purchasing an additional 113,201 shares during the last quarter. 96.71% of the stock is owned by hedge funds and other institutional investors.

THOR Industries Price Performance

Shares of THOR Industries stock traded up $1.99 during trading hours on Tuesday, reaching $103.87. The company’s stock had a trading volume of 113,477 shares, compared to its average volume of 485,084. THOR Industries, Inc. has a one year low of $84.54 and a one year high of $129.31. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.65 and a quick ratio of 0.74. The stock has a market cap of $5.53 billion, a P/E ratio of 20.67 and a beta of 1.72. The firm has a 50 day moving average price of $96.26 and a 200-day moving average price of $106.34.

THOR Industries (NYSE:THO) last issued its quarterly earnings results 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 during the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter in the previous year, the firm posted $2.24 EPS. The firm’s revenue was down 4.4% compared to the same quarter last year. On average, analysts predict that THOR Industries, Inc. will post 4.79 EPS for the current year.

THOR Industries Announces Dividend

The firm also recently disclosed 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. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date is Wednesday, July 3rd. THOR Industries’s dividend payout ratio (DPR) is currently 38.95%.

Analyst Upgrades and Downgrades

THO has been the subject of several recent analyst reports. Truist Financial lowered their target price on shares of THOR Industries from $100.00 to $95.00 and set a “hold” rating for the company in a research note on Thursday, June 6th. TheStreet cut shares of THOR Industries from a “b-” rating to a “c+” rating in a research note on Monday, March 18th. Robert W. Baird cut their target price on THOR Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, June 6th. Finally, Citigroup dropped their price objective on shares of THOR Industries from $120.00 to $113.00 and set a “buy” rating on the stock in a research note on Friday, June 7th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $102.00.

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.