THOR Industries, Inc. (NYSE:THO) Shares Sold by Belpointe Asset Management LLC

Belpointe Asset Management LLC lowered its position in shares of THOR Industries, Inc. (NYSE:THO) by 25.9% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 4,594 shares of the construction company’s stock after selling 1,608 shares during the period. Belpointe Asset Management LLC’s holdings in THOR Industries were worth $440,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the company. ACR Alpine Capital Research LLC increased its stake in shares of THOR Industries by 40.6% in the fourth quarter. ACR Alpine Capital Research LLC now owns 2,142,966 shares of the construction company’s stock valued at $205,103,000 after purchasing an additional 619,318 shares during the period. Timucuan Asset Management Inc. FL increased its position in THOR Industries by 16.2% in the 4th quarter. Timucuan Asset Management Inc. FL now owns 2,038,765 shares of the construction company’s stock valued at $195,130,000 after acquiring an additional 283,744 shares during the period. JPMorgan Chase & Co. raised its stake in 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 in the last quarter. Madison Investment Advisors LLC bought a new stake in THOR Industries during the 4th quarter valued at $95,688,000. Finally, American Century Companies Inc. boosted its position in THOR Industries by 8.7% during the 4th quarter. American Century Companies Inc. now owns 939,146 shares of the construction company’s stock worth $89,886,000 after acquiring an additional 75,304 shares during the period. Institutional investors and hedge funds own 96.71% of the company’s stock.

THOR Industries Trading Down 0.2 %

Shares of NYSE:THO opened at $68.14 on Thursday. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 1.16 and a beta of 1.59. THOR Industries, Inc. has a 1-year low of $63.16 and a 1-year high of $118.85. The company has a 50 day moving average price of $84.70 and a 200 day moving average price of $97.76. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71.

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

THOR Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.94%. The ex-dividend date of this dividend is Tuesday, April 8th. THOR Industries’s payout ratio is 53.05%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on THO shares. DA Davidson upgraded shares of THOR Industries to a “hold” rating in a research note on Monday. Bank of America upgraded shares of THOR Industries from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $110.00 to $125.00 in a research report on Monday, March 3rd. Truist Financial decreased their price objective on shares of THOR Industries from $90.00 to $72.00 and set a “hold” rating for the company in a report on Monday. KeyCorp reissued an “underweight” rating and set a $65.00 target price on shares of THOR Industries in a report on Thursday, March 20th. Finally, 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 research note on Friday, April 4th. One equities research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $88.29.

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.