Cetera Investment Advisers Has $3.69 Million Holdings in THOR Industries, Inc. (NYSE:THO)

Cetera Investment Advisers raised its holdings in THOR Industries, Inc. (NYSE:THO) by 5.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,518 shares of the construction company’s stock after acquiring an additional 1,820 shares during the period. Cetera Investment Advisers owned about 0.07% of THOR Industries worth $3,687,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of THO. Atala Financial Inc acquired a new stake in THOR Industries during the 4th quarter worth approximately $27,000. First Horizon Advisors Inc. raised its stake in shares of 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 during the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of THOR Industries by 369.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 418 shares of the construction company’s stock worth $40,000 after purchasing an additional 329 shares during the period. Stonebridge Financial Group LLC acquired a new position in shares of THOR Industries during the fourth quarter worth $51,000. Finally, Tortoise Investment Management LLC grew its stake in shares of THOR Industries by 78.3% in the fourth quarter. Tortoise Investment Management LLC now owns 576 shares of the construction company’s stock worth $55,000 after purchasing an additional 253 shares during the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Citigroup downgraded THOR Industries from a “buy” rating to a “neutral” rating and cut their target price for the stock from $94.00 to $86.00 in a report on Wednesday, March 19th. Truist Financial lowered their price target on shares of THOR Industries from $90.00 to $72.00 and set a “hold” rating for the company in a report on Monday, April 14th. Robert W. Baird lowered shares of THOR Industries from an “outperform” rating to a “neutral” rating and reduced their price objective for the company from $100.00 to $85.00 in a research note on Friday, April 4th. StockNews.com upgraded shares of THOR Industries from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. Finally, Bank of America upgraded shares of THOR Industries from a “neutral” rating to a “buy” rating and boosted their target price for the company from $110.00 to $125.00 in a report on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $87.57.

THOR Industries Stock Performance

Shares of THOR Industries stock opened at $81.37 on Friday. The business has a 50-day simple moving average of $74.97 and a 200 day simple moving average of $92.80. THOR Industries, Inc. has a one year low of $63.16 and a one year high of $118.85. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 1.16 and a beta of 1.26.

THOR Industries (NYSE:THO) last announced its quarterly earnings data 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 during the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the business posted $0.13 EPS. The company’s revenue was down 8.6% on a year-over-year basis. On average, research analysts anticipate that THOR Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

THOR Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $2.00 dividend on an annualized basis and a yield of 2.46%. THOR Industries’s dividend payout ratio (DPR) is presently 53.05%.

THOR Industries Profile

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.