THOR Industries, Inc. (NYSE:THO) Shares Bought by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. grew its holdings in THOR Industries, Inc. (NYSE:THO) by 369.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 418 shares of the construction company’s stock after acquiring an additional 329 shares during the period. Brown Brothers Harriman & Co.’s holdings in THOR Industries were worth $40,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in THO. ACR Alpine Capital Research LLC raised its holdings in THOR Industries by 40.6% in the 4th 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 period. State Street Corp boosted its holdings in THOR Industries by 2.1% in the 3rd quarter. State Street Corp now owns 1,624,002 shares of the construction company’s stock valued at $178,462,000 after purchasing an additional 33,619 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of THOR Industries by 37.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock valued at $165,078,000 after buying an additional 411,466 shares during the period. Madison Investment Advisors LLC acquired a new stake in THOR Industries during the fourth quarter worth $95,688,000. Finally, American Century Companies Inc. raised its position in THOR Industries by 8.7% in the fourth quarter. American Century Companies Inc. now owns 939,146 shares of the construction company’s stock valued at $89,886,000 after purchasing an additional 75,304 shares during the period. 96.71% of the stock is owned by institutional investors and hedge funds.

THOR Industries Stock Performance

THOR Industries stock opened at $78.89 on Thursday. THOR Industries, Inc. has a 52 week low of $74.95 and a 52 week high of $118.85. 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 market cap of $4.20 billion, a P/E ratio of 20.18, a price-to-earnings-growth ratio of 1.16 and a beta of 1.74. The stock has a 50 day moving average of $92.58 and a 200-day moving average of $100.74.

THOR Industries (NYSE:THO) last issued its 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). THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The business had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period last 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. On average, analysts expect that THOR Industries, Inc. will post 4.64 EPS for the current fiscal year.

THOR Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend is Tuesday, April 8th. THOR Industries’s dividend payout ratio is presently 53.05%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. KeyCorp reiterated an “underweight” rating and set a $65.00 price target on shares of THOR Industries in a research note on Thursday, March 20th. Robert W. Baird cut their target price on THOR Industries from $110.00 to $100.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. DA Davidson reduced their price objective on THOR Industries from $95.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Citigroup cut shares of THOR Industries from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $94.00 to $86.00 in a research note on Wednesday, March 19th. Finally, StockNews.com raised shares of THOR Industries from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. One analyst has rated the stock with a sell rating, five have given 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 a consensus target price of $93.00.

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.