Louisiana State Employees Retirement System Invests $1.77 Million in THOR Industries, Inc. (NYSE:THO)

Louisiana State Employees Retirement System acquired a new position in THOR Industries, Inc. (NYSE:THO) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 15,000 shares of the construction company’s stock, valued at approximately $1,774,000.

A number of other institutional investors have also made changes to their positions in THO. JPMorgan Chase & Co. increased its stake in shares of THOR Industries by 371.7% in the third quarter. JPMorgan Chase & Co. now owns 950,135 shares of the construction company’s stock worth $90,386,000 after purchasing an additional 748,713 shares during the period. Palestra Capital Management LLC acquired a new stake in THOR Industries during the third quarter worth about $68,187,000. Royal London Asset Management Ltd. acquired a new stake in THOR Industries during the first quarter worth about $46,644,000. Norges Bank acquired a new stake in THOR Industries during the fourth quarter worth about $34,637,000. Finally, Pacer Advisors Inc. grew its position 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 in the last quarter. 96.71% of the stock is currently owned by institutional investors.

THOR Industries Stock Down 0.6 %

NYSE THO opened at $97.89 on Friday. The company has a current ratio of 1.75, a quick ratio of 0.65 and a debt-to-equity ratio of 0.35. The stock’s 50 day moving average is $113.04 and its two-hundred day moving average is $107.50. The company has a market capitalization of $5.22 billion, a price-to-earnings ratio of 19.42 and a beta of 1.78. THOR Industries, Inc. has a 1-year low of $74.50 and a 1-year high of $129.31.

THOR Industries (NYSE:THO) last announced its earnings results on Wednesday, March 6th. The construction company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.54). The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.27 billion. THOR Industries had a return on equity of 7.28% and a net margin of 2.62%. The firm’s revenue was down 5.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.50 earnings per share. Equities analysts forecast that THOR Industries, Inc. will post 5.37 earnings per share for the current fiscal year.

THOR Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.96%. The ex-dividend date is Monday, April 8th. THOR Industries’s payout ratio is currently 38.10%.

Insider Transactions at THOR Industries

In other news, COO W. Todd Woelfer sold 3,333 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $115.00, for a total value of $383,295.00. Following the transaction, the chief operating officer now directly owns 98,347 shares of the company’s stock, valued at approximately $11,309,905. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Citigroup raised THOR Industries from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $111.00 to $122.00 in a research report on Friday, March 15th. Truist Financial lifted their target price on THOR Industries from $96.00 to $105.00 and gave the stock a “hold” rating in a research report on Tuesday, January 9th. Robert W. Baird lifted their price objective on THOR Industries from $115.00 to $120.00 and gave the company an “outperform” rating in a report on Thursday, March 7th. Finally, TheStreet downgraded THOR Industries from a “b-” rating to a “c+” rating in a report on Monday, March 18th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, THOR Industries currently has a consensus rating of “Hold” and an average price target of $104.00.

About THOR Industries

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.