Harbor Capital Advisors Inc. Purchases 7,546 Shares of THOR Industries, Inc. (NYSE:THO)

Harbor Capital Advisors Inc. raised its position in shares of THOR Industries, Inc. (NYSE:THO) by 26.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,235 shares of the construction company’s stock after acquiring an additional 7,546 shares during the period. Harbor Capital Advisors Inc. owned approximately 0.07% of THOR Industries worth $2,747,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Venturi Wealth Management LLC raised 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 valued at $604,000 after purchasing an additional 108 shares in the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of THOR Industries by 0.7% in the 4th 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 last quarter. Sanctuary Advisors LLC raised its position in shares of THOR Industries by 0.5% during the 4th quarter. Sanctuary Advisors LLC now owns 21,614 shares of the construction company’s stock valued at $2,278,000 after buying an additional 113 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of THOR Industries by 57.3% in the 4th quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock valued at $32,000 after acquiring an additional 121 shares during the last quarter. Finally, Treasurer of the State of North Carolina grew its position in THOR Industries by 0.6% in the fourth quarter. Treasurer of the State of North Carolina now owns 22,364 shares of the construction company’s stock worth $2,140,000 after acquiring an additional 140 shares in the last quarter. 96.71% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on THO shares. Wall Street Zen upgraded THOR Industries from a “sell” rating to a “hold” rating in a research report on Friday, June 6th. Robert W. Baird lowered THOR Industries from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $100.00 to $85.00 in a report on Friday, April 4th. Truist Financial raised their price target on THOR Industries from $72.00 to $78.00 and gave the stock a “hold” rating in a research report on Tuesday, June 3rd. DA Davidson upgraded shares of THOR Industries to a “hold” rating in a research report on Monday, April 14th. Finally, Roth Capital set a $77.00 target price on shares of THOR Industries and gave the stock a “neutral” rating in a report on Monday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, THOR Industries currently has a consensus rating of “Hold” and a consensus target price of $87.63.

THOR Industries Stock Performance

THO stock opened at $87.80 on Thursday. THOR Industries, Inc. has a twelve month low of $63.16 and a twelve month high of $118.85. The firm has a market cap of $4.67 billion, a price-to-earnings ratio of 22.46, a PEG ratio of 1.16 and a beta of 1.21. The business’s fifty day simple moving average is $76.72 and its two-hundred day simple moving average is $89.43. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26.

THOR Industries (NYSE:THO) last posted its quarterly earnings results on Wednesday, June 4th. The construction company reported $2.53 EPS for the quarter, topping the consensus estimate of $1.79 by $0.74. The company had revenue of $2.89 billion for the quarter, compared to the consensus estimate of $2.60 billion. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.13 EPS. Analysts predict that THOR Industries, Inc. will post 4.64 earnings per share for the current year.

THOR Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were issued a dividend of $0.50 per share. The ex-dividend date was Tuesday, April 8th. This represents a $2.00 annualized dividend and a yield of 2.28%. THOR Industries’s payout ratio is currently 47.96%.

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.