Ensign Peak Advisors Inc Sells 2,906 Shares of THOR Industries, Inc. (NYSE:THO)

Ensign Peak Advisors Inc cut its stake in shares of THOR Industries, Inc. (NYSE:THO) by 13.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,443 shares of the construction company’s stock after selling 2,906 shares during the period. Ensign Peak Advisors Inc’s holdings in THOR Industries were worth $1,861,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its position in THOR Industries by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 611,890 shares of the construction company’s stock valued at $58,564,000 after purchasing an additional 10,455 shares in the last quarter. Amundi lifted its position in THOR Industries by 26.2% during the fourth quarter. Amundi now owns 4,354 shares of the construction company’s stock valued at $415,000 after purchasing an additional 905 shares in the last quarter. Salvus Wealth Management LLC lifted its position in THOR Industries by 19.4% during the fourth quarter. Salvus Wealth Management LLC now owns 42,168 shares of the construction company’s stock valued at $4,036,000 after purchasing an additional 6,838 shares in the last quarter. Sterling Capital Management LLC lifted its position in THOR Industries by 55.4% during the fourth quarter. Sterling Capital Management LLC now owns 3,014 shares of the construction company’s stock valued at $288,000 after purchasing an additional 1,075 shares in the last quarter. Finally, US Bancorp DE lifted its position in THOR Industries by 9.6% during the fourth quarter. US Bancorp DE now owns 3,667 shares of the construction company’s stock valued at $351,000 after purchasing an additional 322 shares in the last quarter. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on THO shares. KeyCorp lowered their target price on THOR Industries from $65.00 to $60.00 and set an “underweight” rating on the stock in a research report on Thursday, April 17th. Truist Financial lowered their target price on THOR Industries from $90.00 to $72.00 and set a “hold” rating on the stock in a research report on Monday, April 14th. Bank of America upgraded THOR Industries from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $110.00 to $125.00 in a research report on Monday, March 3rd. BMO Capital Markets lowered their price objective on THOR Industries from $120.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Finally, Baird R W downgraded THOR Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $87.57.

THOR Industries Stock Down 0.2%

Shares of NYSE THO opened at $81.37 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 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. The stock has a 50 day moving average price of $74.97 and a 200 day moving average price of $92.80. THOR Industries, Inc. has a 52-week low of $63.16 and a 52-week high of $118.85.

THOR Industries (NYSE:THO) last announced its quarterly 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). The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the firm posted $0.13 EPS. Sell-side analysts expect that THOR Industries, Inc. will post 4.64 earnings per share for the current year.

THOR Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th were paid a $0.50 dividend. 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 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.