Southernsun Asset Management LLC Raises Stake in THOR Industries, Inc. (NYSE:THO)

Southernsun Asset Management LLC lifted its stake in THOR Industries, Inc. (NYSE:THO) by 3.9% in the 4th quarter, Holdings Channel reports. The firm owned 172,365 shares of the construction company’s stock after purchasing an additional 6,412 shares during the quarter. THOR Industries accounts for approximately 2.1% of Southernsun Asset Management LLC’s portfolio, making the stock its 19th biggest position. Southernsun Asset Management LLC’s holdings in THOR Industries were worth $16,497,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. ACR Alpine Capital Research LLC boosted its stake in shares of THOR Industries by 40.6% during 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 acquiring an additional 619,318 shares in the last quarter. Timucuan Asset Management Inc. FL grew its holdings in THOR Industries by 16.2% in the fourth quarter. Timucuan Asset Management Inc. FL now owns 2,038,765 shares of the construction company’s stock valued at $195,130,000 after purchasing an additional 283,744 shares during the last quarter. JPMorgan Chase & Co. grew its holdings 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 valued at $165,078,000 after purchasing an additional 411,466 shares during the last quarter. Madison Investment Advisors LLC purchased a new position in shares of THOR Industries in the fourth quarter valued at $95,688,000. Finally, American Century Companies Inc. raised its stake in shares of THOR Industries by 8.7% during the 4th quarter. American Century Companies Inc. now owns 939,146 shares of the construction company’s stock worth $89,886,000 after buying an additional 75,304 shares during the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

THOR Industries Stock Performance

NYSE THO opened at $68.68 on Tuesday. 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 company has a market capitalization of $3.65 billion, a PE ratio of 17.57, a price-to-earnings-growth ratio of 1.16 and a beta of 1.59. The business’s 50-day moving average price is $82.72 and its 200 day moving average price is $96.76. THOR Industries, Inc. has a twelve month low of $63.16 and a twelve month high of $118.85.

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 the consensus estimate of $0.07 by ($0.08). THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the previous year, the company earned $0.13 earnings per share. The company’s revenue was down 8.6% on a year-over-year basis. On average, research analysts predict that THOR Industries, Inc. will post 4.64 earnings per share for the current year.

THOR Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be paid a dividend of $0.50 per share. The ex-dividend date is Tuesday, April 8th. This represents a $2.00 annualized dividend and a dividend yield of 2.91%. THOR Industries’s dividend payout ratio is presently 53.05%.

Analysts Set New Price Targets

Several research firms have weighed in on THO. StockNews.com upgraded shares of THOR Industries from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. DA Davidson raised THOR Industries to a “hold” rating in a research note on Monday, April 14th. Baird R W downgraded THOR Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Citigroup downgraded THOR Industries from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $94.00 to $86.00 in a research report on Wednesday, March 19th. Finally, Truist Financial dropped their price objective on THOR Industries from $90.00 to $72.00 and set a “hold” rating for the company in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $87.57.

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.