THOR Industries, Inc. (NYSE:THO) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its stake in THOR Industries, Inc. (NYSE:THO) by 8,542.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,989 shares of the construction company’s stock after purchasing an additional 43,480 shares during the period. International Assets Investment Management LLC owned approximately 0.08% of THOR Industries worth $5,202,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust lifted its position in shares of THOR Industries by 889.3% during the 3rd quarter. Parkside Financial Bank & Trust now owns 277 shares of the construction company’s stock valued at $26,000 after acquiring an additional 249 shares during the period. Smithfield Trust Co boosted its position in THOR Industries by 127.2% during the third quarter. Smithfield Trust Co now owns 284 shares of the construction company’s stock worth $27,000 after purchasing an additional 159 shares in the last quarter. Planned Solutions Inc. acquired a new stake in THOR Industries in the fourth quarter valued at $62,000. Signaturefd LLC increased its position in shares of THOR Industries by 121.5% in the third quarter. Signaturefd LLC now owns 731 shares of the construction company’s stock valued at $70,000 after buying an additional 401 shares in the last quarter. Finally, Fifth Third Bancorp raised its stake in shares of THOR Industries by 13.8% during the 4th quarter. Fifth Third Bancorp now owns 766 shares of the construction company’s stock worth $91,000 after buying an additional 93 shares during the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on THO shares. TheStreet downgraded shares of THOR Industries from a “b-” rating to a “c+” rating in a report on Monday, March 18th. Truist Financial upped their target price on THOR Industries from $96.00 to $105.00 and gave the company a “hold” rating in a research note on Tuesday, January 9th. Robert W. Baird raised their price target on THOR Industries from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Finally, Citigroup upgraded THOR Industries from a “neutral” rating to a “buy” rating and upped their price objective for the company from $111.00 to $122.00 in a research report on Friday, March 15th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $104.00.

THOR Industries Price Performance

THO stock opened at $101.37 on Wednesday. The stock has a market capitalization of $5.41 billion, a price-to-earnings ratio of 20.11 and a beta of 1.80. The stock’s fifty day simple moving average is $107.77 and its 200-day simple moving average is $108.52. THOR Industries, Inc. has a 52-week low of $75.93 and a 52-week high of $129.31. The company has a quick ratio of 0.65, a current ratio of 1.75 and a debt-to-equity ratio of 0.35.

THOR Industries (NYSE:THO) last issued its quarterly earnings results on Wednesday, March 6th. The construction company reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.54). The business had revenue of $2.21 billion during the quarter, compared to analyst estimates of $2.27 billion. THOR Industries had a return on equity of 7.28% and a net margin of 2.62%. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.50 earnings per share. Equities research analysts expect that THOR Industries, Inc. will post 5.37 EPS for the current year.

THOR Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend was Monday, April 8th. THOR Industries’s dividend payout ratio (DPR) is presently 38.10%.

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.