AlphaQuest LLC Takes $369,000 Position in THOR Industries, Inc. (NYSE:THO)

by · The Cerbat Gem

AlphaQuest LLC bought a new position in shares of THOR Industries, Inc. (NYSE:THO – Free Report) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 3,856 shares of the construction company’s stock, valued at approximately $369,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in THO. Van ECK Associates Corp acquired a new stake in THOR Industries during the 3rd quarter worth about $32,000. First Horizon Advisors Inc. raised its position in THOR Industries by 57.3% during the fourth 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 in the last quarter. Brooklyn Investment Group acquired a new position in THOR Industries in the third quarter valued at approximately $38,000. Stonebridge Financial Group LLC purchased a new stake in THOR Industries in the 4th quarter worth approximately $51,000. Finally, Anchor Investment Management LLC acquired a new stake in shares of THOR Industries during the 3rd quarter worth approximately $58,000. 96.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

THO has been the subject of several analyst reports. StockNews.com upgraded shares of THOR Industries from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. Benchmark reissued a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. Truist Financial cut their price target 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. DA Davidson dropped their price objective on THOR Industries from $95.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Finally, Bank of America raised THOR Industries from a “neutral” rating to a “buy” rating and upped their target price for the stock from $110.00 to $125.00 in a research note on Monday, March 3rd. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $104.00.

Get Our Latest Stock Analysis on THOR Industries

THOR Industries Stock Down 2.1 %

NYSE THO opened at $76.76 on Friday. The business has a fifty day moving average price of $98.20 and a 200 day moving average price of $103.30. 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 cap of $4.08 billion, a P/E ratio of 19.63, 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.

THOR Industries (NYSE:THO – Get Free Report) last issued 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). The business 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%. THOR Industries’s quarterly revenue was down 8.6% on a year-over-year basis. During the same quarter last year, the company earned $0.13 earnings per share. Research analysts anticipate 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. Stockholders of record on Monday, January 6th were given a $0.50 dividend. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.61%. THOR Industries’s dividend payout ratio (DPR) is presently 53.05%.

About THOR Industries

(Free Report)

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.

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