NZS Capital LLC Purchases 4,645 Shares of THOR Industries, Inc. (NYSE:THO)

NZS Capital LLC increased its position in shares of THOR Industries, Inc. (NYSE:THO) by 4.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 104,077 shares of the construction company’s stock after acquiring an additional 4,645 shares during the quarter. NZS Capital LLC owned about 0.20% of THOR Industries worth $9,961,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted 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 purchasing an additional 411,466 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in THOR Industries by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 611,890 shares of the construction company’s stock worth $58,564,000 after acquiring an additional 10,455 shares during the period. Amundi raised its position in shares of THOR Industries by 26.2% during the 4th quarter. Amundi now owns 4,354 shares of the construction company’s stock valued at $415,000 after acquiring an additional 905 shares during the last quarter. Salvus Wealth Management LLC lifted its stake in shares of THOR Industries by 19.4% in the 4th quarter. Salvus Wealth Management LLC now owns 42,168 shares of the construction company’s stock valued at $4,036,000 after purchasing an additional 6,838 shares during the period. Finally, Sterling Capital Management LLC boosted its position in shares of THOR Industries by 55.4% in the 4th quarter. Sterling Capital Management LLC now owns 3,014 shares of the construction company’s stock worth $288,000 after purchasing an additional 1,075 shares during the last quarter. Institutional investors own 96.71% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on THO shares. StockNews.com raised THOR Industries from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. Robert W. Baird lowered shares of THOR Industries from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $100.00 to $85.00 in a research note on Friday, April 4th. Citigroup cut shares of THOR Industries from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $94.00 to $86.00 in a report on Wednesday, March 19th. Truist Financial reduced their price target on shares of THOR Industries from $90.00 to $72.00 and set a “hold” rating on the stock in a research report on Monday, April 14th. Finally, KeyCorp lowered their price objective on shares of THOR Industries from $65.00 to $60.00 and set an “underweight” rating for the company in a research report on Thursday, April 17th. One investment 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.com, THOR Industries presently has an average rating of “Hold” and a consensus target price of $87.57.

THOR Industries Price Performance

Shares of NYSE THO opened at $73.96 on Friday. The company has a fifty day moving average price of $80.28 and a 200 day moving average price of $95.88. The firm has a market cap of $3.93 billion, a PE ratio of 18.92, a PEG ratio of 1.16 and a beta of 1.59. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26. THOR Industries, Inc. has a 1-year low of $63.16 and a 1-year high of $118.85.

THOR Industries (NYSE:THO) last posted 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 firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period in the prior year, the company earned $0.13 earnings per share. The firm’s quarterly revenue was down 8.6% on a year-over-year basis. 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 was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.70%. THOR Industries’s dividend payout ratio (DPR) is presently 53.05%.

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.