TD Private Client Wealth LLC Sells 391 Shares of THOR Industries, Inc. (NYSE:THO)

TD Private Client Wealth LLC cut its holdings in THOR Industries, Inc. (NYSE:THO) by 2.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,832 shares of the construction company’s stock after selling 391 shares during the period. TD Private Client Wealth LLC’s holdings in THOR Industries were worth $1,324,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in THO. Madison Investment Advisors LLC bought a new stake in THOR Industries in the fourth quarter worth $95,688,000. ACR Alpine Capital Research LLC lifted its stake in THOR Industries by 40.6% in 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 purchasing an additional 619,318 shares during the last quarter. Raymond James Financial Inc. bought a new stake in THOR Industries in the fourth quarter worth $52,497,000. JPMorgan Chase & Co. lifted its stake in THOR Industries by 37.7% in the third 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 last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in THOR Industries by 46.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 501,479 shares of the construction company’s stock worth $55,108,000 after purchasing an additional 159,022 shares during the last quarter. 96.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

THO has been the subject of several recent analyst reports. KeyCorp reaffirmed an “underweight” rating and set a $65.00 price objective on shares of THOR Industries in a research note on Thursday. Citigroup downgraded shares of THOR Industries from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $94.00 to $86.00 in a research note on Wednesday. StockNews.com raised shares of THOR Industries from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. Bank of America raised shares of THOR Industries from a “neutral” rating to a “buy” rating and upped their price objective for the company from $110.00 to $125.00 in a research note on Monday, March 3rd. Finally, Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, THOR Industries currently has an average rating of “Hold” and an average target price of $93.00.

THOR Industries Price Performance

Shares of THO opened at $79.11 on Friday. The stock has a market cap of $4.21 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 1.16 and a beta of 1.74. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71. THOR Industries, Inc. has a fifty-two week low of $75.78 and a fifty-two week high of $118.85. The firm’s 50-day simple moving average is $96.10 and its two-hundred day simple moving average is $101.98.

THOR Industries (NYSE:THO) last announced its quarterly earnings data on Wednesday, March 5th. The construction company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). The business 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%. THOR Industries’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.13 EPS. Analysts anticipate that THOR Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

THOR Industries Company 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.