Royal Bank of Canada Boosts Holdings in THOR Industries, Inc. (NYSE:THO)

Royal Bank of Canada boosted its position in shares of THOR Industries, Inc. (NYSE:THO) by 5.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 493,214 shares of the construction company’s stock after buying an additional 27,414 shares during the quarter. Royal Bank of Canada owned 0.93% of THOR Industries worth $47,206,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Venturi Wealth Management LLC boosted its stake in THOR Industries by 1.7% during the fourth quarter. Venturi Wealth Management LLC now owns 6,312 shares of the construction company’s stock worth $604,000 after buying an additional 108 shares during the period. O Shaughnessy Asset Management LLC boosted its stake in THOR Industries by 0.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 15,971 shares of the construction company’s stock worth $1,529,000 after buying an additional 112 shares during the period. Sanctuary Advisors LLC boosted its stake in THOR Industries by 0.5% during the fourth quarter. Sanctuary Advisors LLC now owns 21,614 shares of the construction company’s stock worth $2,278,000 after buying an additional 113 shares during the period. Blue Trust Inc. boosted its stake in THOR Industries by 22.1% during the fourth quarter. Blue Trust Inc. now owns 669 shares of the construction company’s stock worth $64,000 after buying an additional 121 shares during the period. Finally, First Horizon Advisors Inc. boosted its stake in THOR Industries by 57.3% during the fourth quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock worth $32,000 after buying an additional 121 shares during the period. 96.71% of the stock is owned by hedge funds and other institutional investors.

THOR Industries Stock Performance

THO stock opened at $80.85 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78. The business has a 50-day moving average price of $75.26 and a 200 day moving average price of $92.15. The company has a market capitalization of $4.30 billion, a P/E ratio of 20.68, a PEG ratio of 1.16 and a beta of 1.26. THOR Industries, Inc. has a 1-year low of $63.16 and a 1-year high of $118.85.

THOR Industries (NYSE:THO) last released 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). The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.98 billion. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The business’s revenue was down 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.13 earnings per share. As a group, equities research analysts forecast that THOR Industries, Inc. will post 4.64 EPS for the current fiscal year.

THOR Industries Announces Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 2.47%. THOR Industries’s payout ratio is currently 53.05%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. StockNews.com upgraded THOR Industries from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. BMO Capital Markets decreased their target price on THOR Industries from $120.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Bank of America upgraded THOR Industries from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $110.00 to $125.00 in a research report on Monday, March 3rd. Citigroup downgraded THOR Industries from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $94.00 to $86.00 in a research report on Wednesday, March 19th. Finally, Truist Financial decreased their target price 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 research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $87.57.

THOR Industries Company 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.