Quantinno Capital Management LP Purchases 8,061 Shares of THOR Industries, Inc. (NYSE:THO)

Quantinno Capital Management LP lifted its position in THOR Industries, Inc. (NYSE:THO) by 37.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,407 shares of the construction company’s stock after purchasing an additional 8,061 shares during the quarter. Quantinno Capital Management LP owned about 0.06% of THOR Industries worth $2,815,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Panoramic Capital LLC bought a new stake in shares of THOR Industries in the fourth quarter worth about $2,153,000. Nomura Holdings Inc. bought a new stake in THOR Industries during the fourth quarter worth approximately $674,000. Lighthouse Investment Partners LLC bought a new stake in THOR Industries during the fourth quarter worth approximately $957,000. Jacobs Levy Equity Management Inc. increased its stake in THOR Industries by 27.9% during the fourth quarter. Jacobs Levy Equity Management Inc. now owns 105,980 shares of the construction company’s stock worth $10,143,000 after acquiring an additional 23,103 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in THOR Industries by 1.0% during the fourth quarter. Janus Henderson Group PLC now owns 433,768 shares of the construction company’s stock worth $41,518,000 after acquiring an additional 4,410 shares during the last quarter. 96.71% of the stock is owned by institutional investors.

THOR Industries Trading Down 0.2%

THO opened at $82.26 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of 21.04, a P/E/G ratio of 1.16 and a beta of 1.26. The stock’s 50 day moving average price is $75.11 and its 200-day moving average price is $92.29. THOR Industries, Inc. has a one year low of $63.16 and a one year high of $118.85.

THOR Industries (NYSE:THO) last announced its quarterly earnings results on Wednesday, March 5th. The construction company reported ($0.01) earnings per share (EPS) 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 analysts’ expectations of $1.98 billion. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The firm’s revenue for the quarter was down 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 EPS. On average, equities analysts forecast that THOR Industries, Inc. will post 4.64 EPS for the current year.

THOR Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Investors 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 2.43%. THOR Industries’s payout ratio is 53.05%.

Wall Street Analyst Weigh In

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