Kayne Anderson Rudnick Investment Management LLC Sells 274,150 Shares of THOR Industries, Inc. (NYSE:THO)

Kayne Anderson Rudnick Investment Management LLC decreased its position in shares of THOR Industries, Inc. (NYSE:THO) by 5.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,174,322 shares of the construction company’s stock after selling 274,150 shares during the period. Kayne Anderson Rudnick Investment Management LLC owned 9.72% of THOR Industries worth $495,234,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. Atala Financial Inc purchased a new position in shares of THOR Industries during the 4th quarter valued at $27,000. First Horizon Advisors Inc. boosted its stake in shares of THOR Industries by 57.3% in 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. Brown Brothers Harriman & Co. grew its position in shares of THOR Industries by 369.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 418 shares of the construction company’s stock worth $40,000 after purchasing an additional 329 shares in the last quarter. Stonebridge Financial Group LLC bought a new stake in THOR Industries during the 4th quarter valued at approximately $51,000. Finally, Tortoise Investment Management LLC lifted its holdings in THOR Industries by 78.3% in the 4th quarter. Tortoise Investment Management LLC now owns 576 shares of the construction company’s stock worth $55,000 after purchasing an additional 253 shares in the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on THO. StockNews.com upgraded shares of THOR Industries from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. Baird R W lowered THOR Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Robert W. Baird downgraded THOR Industries from an “outperform” rating to a “neutral” rating and decreased their target price for the stock from $100.00 to $85.00 in a research report on Friday, April 4th. Truist Financial cut their price target on THOR Industries from $90.00 to $72.00 and set a “hold” rating for the company in a report on Monday, April 14th. Finally, Citigroup downgraded THOR Industries from a “buy” rating to a “neutral” rating and lowered their target price for the company from $94.00 to $86.00 in a research report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, THOR Industries has a consensus rating of “Hold” and an average price target of $87.57.

THOR Industries Stock Up 1.5 %

NYSE THO opened at $69.06 on Friday. THOR Industries, Inc. has a 52 week low of $63.16 and a 52 week high of $118.85. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 17.66, a PEG ratio of 1.16 and a beta of 1.59. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. The company has a fifty day moving average of $83.38 and a two-hundred day moving average of $97.11.

THOR Industries (NYSE:THO) last issued its quarterly earnings results on Wednesday, March 5th. The construction company reported ($0.01) 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 firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the previous year, the company posted $0.13 earnings per share. The business’s revenue for the quarter was down 8.6% on a year-over-year basis. On average, analysts predict that THOR Industries, Inc. will post 4.64 earnings per share for the current year.

THOR Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.90%. The ex-dividend date of this dividend is Tuesday, April 8th. THOR Industries’s dividend payout ratio (DPR) is presently 53.05%.

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.