Kendall Capital Management Lowers Holdings in THOR Industries, Inc. (NYSE:THO)

Kendall Capital Management trimmed its position in THOR Industries, Inc. (NYSE:THO) by 23.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,735 shares of the construction company’s stock after selling 1,155 shares during the quarter. Kendall Capital Management’s holdings in THOR Industries were worth $357,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Van ECK Associates Corp purchased a new stake in shares of THOR Industries during the 3rd quarter worth $32,000. First Horizon Advisors Inc. lifted its stake in shares of THOR Industries by 57.3% during the 4th quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock worth $32,000 after purchasing an additional 121 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of THOR Industries during the 3rd quarter worth $38,000. Stonebridge Financial Group LLC purchased a new stake in shares of THOR Industries during the 4th quarter worth $51,000. Finally, Anchor Investment Management LLC purchased a new stake in shares of THOR Industries during the 3rd quarter worth $58,000. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

THOR Industries Stock Down 0.7 %

Shares of THO stock opened at $85.80 on Monday. The stock’s 50-day simple moving average is $99.12 and its 200-day simple moving average is $103.83. 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 firm has a market capitalization of $4.57 billion, a PE ratio of 21.94, a P/E/G ratio of 1.16 and a beta of 1.74. THOR Industries, Inc. has a fifty-two week low of $78.88 and a fifty-two week 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 analysts’ consensus estimates of $0.07 by ($0.08). The firm had revenue of $2.02 billion during the quarter, compared to analyst estimates 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 period in the prior year, the company posted $0.13 earnings per share. Equities analysts expect 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 Friday, January 17th. Stockholders of record on Monday, January 6th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date was Monday, January 6th. THOR Industries’s dividend payout ratio is presently 53.05%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on THO. Truist Financial decreased their price objective on THOR Industries from $110.00 to $90.00 and set a “hold” rating for the company in a research note on Thursday. DA Davidson decreased their price objective on THOR Industries from $95.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday. Robert W. Baird reduced their target price on THOR Industries from $110.00 to $100.00 and set an “outperform” rating on the stock in a research report on Thursday. StockNews.com raised THOR Industries from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. Finally, Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, THOR Industries has an average rating of “Moderate Buy” and a consensus target price of $104.00.

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.