Centric Wealth Management Sells 334 Shares of THOR Industries, Inc. (NYSE:THO)

Centric Wealth Management reduced its stake in shares of THOR Industries, Inc. (NYSE:THO) by 1.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,653 shares of the construction company’s stock after selling 334 shares during the quarter. Centric Wealth Management’s holdings in THOR Industries were worth $2,072,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Venturi Wealth Management LLC grew its holdings in shares of THOR Industries by 1.7% in the fourth quarter. Venturi Wealth Management LLC now owns 6,312 shares of the construction company’s stock worth $604,000 after purchasing an additional 108 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in THOR Industries by 0.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 15,971 shares of the construction company’s stock valued at $1,529,000 after buying an additional 112 shares in the last quarter. Sanctuary Advisors LLC boosted its position in THOR Industries by 0.5% in the 4th quarter. Sanctuary Advisors LLC now owns 21,614 shares of the construction company’s stock valued at $2,278,000 after buying an additional 113 shares during the period. Blue Trust Inc. grew its stake in THOR Industries by 22.1% in the 4th quarter. Blue Trust Inc. now owns 669 shares of the construction company’s stock worth $64,000 after acquiring an additional 121 shares in the last quarter. Finally, First Horizon Advisors Inc. increased its position in shares of THOR Industries by 57.3% during the fourth quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock worth $32,000 after acquiring an additional 121 shares during the period. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

THOR Industries Price Performance

Shares of THO stock opened at $75.91 on Tuesday. The stock’s 50-day moving average is $93.59 and its 200 day moving average is $101.07. THOR Industries, Inc. has a 1-year low of $75.11 and a 1-year high of $118.85. 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 cap of $4.04 billion, a P/E ratio of 19.41, a PEG ratio of 1.16 and a beta of 1.74.

THOR Industries (NYSE:THO) last released its quarterly earnings results 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 firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.98 billion. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The firm’s quarterly revenue was down 8.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.13 earnings per share. Research analysts predict that THOR Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

THOR Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.00 annualized dividend and a dividend yield of 2.63%. THOR Industries’s dividend payout ratio is presently 53.05%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on THO. KeyCorp reiterated an “underweight” rating and issued a $65.00 price target on shares of THOR Industries in a report on Thursday, March 20th. Benchmark reiterated a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. Truist Financial cut their price target on THOR Industries from $110.00 to $90.00 and set a “hold” rating on the stock in a research note on Thursday, March 6th. StockNews.com upgraded THOR Industries from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. Finally, Robert W. Baird dropped their target price on shares of THOR Industries from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, THOR Industries presently has a consensus rating of “Hold” and a consensus price target of $93.00.

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.