Atria Investments Inc Boosts Stake in THOR Industries, Inc. (NYSE:THO)

Atria Investments Inc grew its holdings in shares of THOR Industries, Inc. (NYSE:THO) by 1.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 88,288 shares of the construction company’s stock after purchasing an additional 1,217 shares during the quarter. Atria Investments Inc owned approximately 0.17% of THOR Industries worth $8,450,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of THOR Industries by 37.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock worth $165,078,000 after purchasing an additional 411,466 shares during the period. Natixis Advisors LLC lifted its stake in shares of THOR Industries by 51.3% during the 3rd quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company’s stock worth $55,486,000 after purchasing an additional 171,244 shares during the period. State Street Corp lifted its stake in shares of THOR Industries by 2.1% during the 3rd quarter. State Street Corp now owns 1,624,002 shares of the construction company’s stock worth $178,462,000 after purchasing an additional 33,619 shares during the period. Radnor Capital Management LLC purchased a new position in shares of THOR Industries during the 3rd quarter worth $631,000. Finally, Consolidated Planning Corp purchased a new position in shares of THOR Industries during the 3rd quarter worth $620,000. Hedge funds and other institutional investors own 96.71% of the company’s stock.

THOR Industries Stock Down 14.5 %

Shares of NYSE THO opened at $81.47 on Thursday. THOR Industries, Inc. has a 12-month low of $78.88 and a 12-month high of $118.85. The company has a market cap of $4.34 billion, a P/E ratio of 20.84, a P/E/G ratio of 1.16 and a beta of 1.69. 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 stock has a fifty day moving average price of $99.81 and a 200 day moving average price of $104.20.

THOR Industries (NYSE:THO) last announced its quarterly earnings results on Wednesday, March 5th. The construction company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.08). THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.98 billion. During the same quarter in the prior year, the company posted $0.13 earnings per share. The firm’s revenue for the quarter was down 8.6% on a year-over-year basis. Research analysts anticipate that THOR Industries, Inc. will post 4.64 EPS for the current fiscal year.

THOR Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, January 6th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.00 annualized dividend and a yield of 2.45%. THOR Industries’s dividend payout ratio is currently 51.15%.

Analyst Ratings Changes

A number of research analysts have weighed in on THO shares. Truist Financial increased their price target on THOR Industries from $98.00 to $110.00 and gave the stock a “hold” rating in a research note on Monday, February 10th. Bank of America upgraded THOR Industries from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $110.00 to $125.00 in a report on Monday. StockNews.com upgraded THOR Industries from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. Finally, Benchmark restated a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $114.00.

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.