9,222 Shares in THOR Industries, Inc. (NYSE:THO) Purchased by Crestline Management LP

Crestline Management LP purchased a new position in THOR Industries, Inc. (NYSE:THO) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 9,222 shares of the construction company’s stock, valued at approximately $883,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. ACR Alpine Capital Research LLC grew its position in 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 worth $205,103,000 after buying an additional 619,318 shares during the last quarter. Timucuan Asset Management Inc. FL lifted its holdings in shares of THOR Industries by 16.2% during the fourth quarter. Timucuan Asset Management Inc. FL now owns 2,038,765 shares of the construction company’s stock valued at $195,130,000 after purchasing an additional 283,744 shares during the last quarter. Madison Investment Advisors LLC purchased a new stake in shares of THOR Industries during the fourth quarter valued at $95,688,000. American Century Companies Inc. increased its stake in THOR Industries by 8.7% in the 4th quarter. American Century Companies Inc. now owns 939,146 shares of the construction company’s stock worth $89,886,000 after purchasing an additional 75,304 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in THOR Industries by 2.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 682,992 shares of the construction company’s stock worth $65,369,000 after buying an additional 15,033 shares during the period. 96.71% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. BMO Capital Markets decreased their target price on shares of THOR Industries from $120.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Robert W. Baird downgraded shares of THOR Industries from an “outperform” rating to a “neutral” rating and cut their target price for the company from $100.00 to $85.00 in a research note on Friday, April 4th. Bank of America raised THOR Industries from a “neutral” rating to a “buy” rating and raised their target price for the stock from $110.00 to $125.00 in a research report on Monday, March 3rd. DA Davidson raised THOR Industries to a “hold” rating in a research report on Monday, April 14th. Finally, Citigroup lowered THOR Industries from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $94.00 to $86.00 in a research report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, THOR Industries presently has an average rating of “Hold” and a consensus price target of $87.57.

THOR Industries Stock Performance

Shares of THO opened at $76.48 on Friday. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. THOR Industries, Inc. has a 12 month low of $63.16 and a 12 month high of $118.85. The company’s fifty day moving average is $75.17 and its 200-day moving average is $93.45. The firm has a market cap of $4.07 billion, a price-to-earnings ratio of 19.56, a price-to-earnings-growth ratio of 1.16 and a beta of 1.26.

THOR Industries (NYSE:THO) last announced its quarterly earnings results on Wednesday, March 5th. The construction company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.98 billion. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. THOR Industries’s quarterly revenue was down 8.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.13 EPS. Equities analysts expect 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 was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th were issued a $0.50 dividend. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $2.00 annualized dividend and a yield of 2.62%. THOR Industries’s dividend payout ratio (DPR) is presently 53.05%.

THOR Industries Company 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.