Atala Financial Inc Takes $27,000 Position in THOR Industries, Inc. (NYSE:THO)

Atala Financial Inc purchased a new stake in shares of THOR Industries, Inc. (NYSE:THO) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 282 shares of the construction company’s stock, valued at approximately $27,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. JPMorgan Chase & Co. grew its stake in shares of THOR Industries by 37.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock valued at $165,078,000 after acquiring an additional 411,466 shares during the period. Natixis Advisors LLC grew its stake in shares of THOR Industries by 51.3% during the 3rd quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company’s stock valued at $55,486,000 after acquiring an additional 171,244 shares during the period. State Street Corp grew its stake in shares of THOR Industries by 2.1% during the 3rd quarter. State Street Corp now owns 1,624,002 shares of the construction company’s stock valued at $178,462,000 after acquiring an additional 33,619 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of 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 valued at $58,564,000 after acquiring an additional 10,455 shares during the period. Finally, Salvus Wealth Management LLC grew its stake in shares of THOR Industries by 19.4% during the 4th quarter. Salvus Wealth Management LLC now owns 42,168 shares of the construction company’s stock valued at $4,036,000 after acquiring an additional 6,838 shares during the period. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on THO. BMO Capital Markets cut their price objective on THOR Industries from $120.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Truist Financial cut 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, March 6th. Bank of America upgraded THOR Industries from a “neutral” rating to a “buy” rating and upped their price target for the stock from $110.00 to $125.00 in a research note on Monday, March 3rd. StockNews.com upgraded THOR Industries from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. Finally, Robert W. Baird dropped their price target on THOR Industries from $110.00 to $100.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $104.00.

THOR Industries Stock Up 4.9 %

NYSE THO opened at $80.55 on Friday. 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 company has a market capitalization of $4.29 billion, a P/E ratio of 20.60, a P/E/G ratio of 1.16 and a beta of 1.74. THOR Industries, Inc. has a one year low of $75.78 and a one year high of $118.85. The stock has a 50 day moving average price of $97.52 and a 200-day moving average price of $102.89.

THOR Industries (NYSE:THO) last posted its earnings results on Wednesday, March 5th. The construction company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter in the prior year, the company posted $0.13 earnings per share. The firm’s revenue was down 8.6% compared to the same quarter last year. As a group, equities analysts predict that THOR Industries, Inc. will post 4.64 EPS for the current fiscal year.

THOR Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, January 6th were issued a dividend of $0.50 per share. The ex-dividend date was Monday, January 6th. This represents a $2.00 annualized dividend and a yield of 2.48%. THOR Industries’s payout ratio 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.