Heartland Advisors Inc. Increases Stake in THOR Industries, Inc. (NYSE:THO)

Heartland Advisors Inc. increased its position in shares of THOR Industries, Inc. (NYSE:THO) by 83.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 136,236 shares of the construction company’s stock after purchasing an additional 62,149 shares during the period. Heartland Advisors Inc.’s holdings in THOR Industries were worth $13,039,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA boosted its position in shares of THOR Industries by 20.3% during the fourth quarter. Pictet Asset Management Holding SA now owns 8,236 shares of the construction company’s stock valued at $788,000 after buying an additional 1,392 shares during the period. Frazier Financial Advisors LLC lifted its stake in shares of THOR Industries by 22.9% during the 4th quarter. Frazier Financial Advisors LLC now owns 9,234 shares of the construction company’s stock worth $871,000 after acquiring an additional 1,719 shares during the last quarter. Norges Bank bought a new stake in shares of THOR Industries during the 4th quarter worth approximately $54,754,000. LPL Financial LLC boosted its holdings in THOR Industries by 7.2% during the 4th quarter. LPL Financial LLC now owns 40,367 shares of the construction company’s stock valued at $3,864,000 after acquiring an additional 2,708 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new stake in THOR Industries in the fourth quarter worth $986,000. 96.71% of the stock is currently owned by institutional investors.

THOR Industries Stock Up 0.9 %

Shares of THOR Industries stock opened at $80.77 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. The company has a market cap of $4.30 billion, a P/E ratio of 20.66, a PEG ratio of 1.16 and a beta of 1.74. The firm’s 50 day moving average price is $94.61 and its 200-day moving average price is $101.36. THOR Industries, Inc. has a 52-week low of $75.78 and a 52-week high of $118.85.

THOR Industries (NYSE:THO) last issued 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 business had revenue of $2.02 billion for 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%. The business’s revenue for the quarter was down 8.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.13 earnings per share. On average, sell-side analysts predict that THOR Industries, Inc. will post 4.64 EPS for the current fiscal year.

THOR Industries Dividend Announcement

The firm also recently declared 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 yield of 2.48%. The ex-dividend date is Tuesday, April 8th. THOR Industries’s dividend payout ratio is presently 53.05%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on THO shares. StockNews.com raised shares of THOR Industries from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. BMO Capital Markets lowered their price objective on shares of THOR Industries from $120.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Bank of America raised shares of 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. Robert W. Baird lowered their price target on THOR Industries from $110.00 to $100.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. Finally, Citigroup cut THOR Industries from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $94.00 to $86.00 in a research note on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $93.00.

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.