THOR Industries, Inc. (NYSE:THO) Shares Sold by Simplicity Solutions LLC

Simplicity Solutions LLC lowered its holdings in THOR Industries, Inc. (NYSE:THO) by 25.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 6,181 shares of the construction company’s stock after selling 2,079 shares during the period. Simplicity Solutions LLC’s holdings in THOR Industries were worth $731,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. lifted its stake in THOR Industries by 14.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 10,954 shares of the construction company’s stock worth $862,000 after acquiring an additional 1,423 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in THOR Industries by 11.3% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,174 shares of the construction company’s stock worth $486,000 after acquiring an additional 629 shares during the last quarter. Private Advisor Group LLC lifted its stake in THOR Industries by 20.9% in the first quarter. Private Advisor Group LLC now owns 7,616 shares of the construction company’s stock worth $599,000 after acquiring an additional 1,319 shares during the last quarter. Citigroup Inc. lifted its stake in THOR Industries by 39.3% in the first quarter. Citigroup Inc. now owns 29,220 shares of the construction company’s stock worth $2,300,000 after acquiring an additional 8,241 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in THOR Industries in the first quarter worth approximately $1,068,000. Institutional investors and hedge funds own 96.71% of the company’s stock.

THOR Industries Stock Performance

Shares of THOR Industries stock opened at $98.52 on Thursday. The firm’s fifty day simple moving average is $113.41 and its 200-day simple moving average is $107.56. The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of 19.55 and a beta of 1.78. THOR Industries, Inc. has a 12 month low of $74.50 and a 12 month high of $129.31. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.75 and a quick ratio of 0.65.

THOR Industries (NYSE:THO) last announced its earnings results on Wednesday, March 6th. The construction company reported $0.13 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 net margin of 2.62% and a return on equity of 7.28%. The business’s revenue was down 5.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.50 earnings per share. As a group, equities analysts forecast that THOR Industries, Inc. will post 5.37 earnings per share for the current year.

THOR Industries Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 23rd. Stockholders of record on Tuesday, April 9th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Monday, April 8th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.95%. THOR Industries’s payout ratio is 38.10%.

Analysts Set New Price Targets

THO has been the subject of several recent analyst reports. TheStreet downgraded shares of THOR Industries from a “b-” rating to a “c+” rating in a research report on Monday, March 18th. Truist Financial boosted their price objective on shares of THOR Industries from $96.00 to $105.00 and gave the stock a “hold” rating in a research report on Tuesday, January 9th. Citigroup upgraded shares of THOR Industries from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $111.00 to $122.00 in a research report on Friday, March 15th. Finally, Robert W. Baird boosted their price objective on shares of THOR Industries from $115.00 to $120.00 and gave the stock an “outperform” rating in a research report on Thursday, March 7th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $104.00.

Insider Activity

In other THOR Industries news, COO W. Todd Woelfer sold 3,333 shares of the business’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $115.00, for a total value of $383,295.00. Following the transaction, the chief operating officer now directly owns 98,347 shares of the company’s stock, valued at approximately $11,309,905. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.70% of the company’s stock.

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.