THOR Industries, Inc. (NYSE:THO) Stock Position Decreased by Fisher Asset Management LLC

Fisher Asset Management LLC decreased its position in THOR Industries, Inc. (NYSE:THO) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 204,805 shares of the construction company’s stock after selling 6,664 shares during the quarter. Fisher Asset Management LLC owned about 0.38% of THOR Industries worth $24,218,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in shares of THOR Industries during the 3rd quarter worth $100,000. Raymond James & Associates boosted its holdings in THOR Industries by 1.7% in the third quarter. Raymond James & Associates now owns 293,590 shares of the construction company’s stock worth $27,929,000 after purchasing an additional 4,862 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in THOR Industries by 15.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,827 shares of the construction company’s stock worth $935,000 after buying an additional 1,307 shares during the last quarter. Crescent Grove Advisors LLC raised its holdings in THOR Industries by 60.7% during the third quarter. Crescent Grove Advisors LLC now owns 31,335 shares of the construction company’s stock valued at $2,981,000 after buying an additional 11,835 shares in the last quarter. Finally, Strs Ohio lifted its position in shares of THOR Industries by 26.6% in the third quarter. Strs Ohio now owns 18,098 shares of the construction company’s stock worth $1,721,000 after buying an additional 3,808 shares during the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

THOR Industries Price Performance

Shares of THOR Industries stock opened at $99.97 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.75 and a quick ratio of 0.65. The company has a market cap of $5.33 billion, a PE ratio of 19.84 and a beta of 1.80. The firm has a fifty day moving average price of $108.80 and a two-hundred day moving average price of $108.24. THOR Industries, Inc. has a fifty-two week low of $75.93 and a fifty-two week high of $129.31.

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

THOR Industries Dividend Announcement

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

Analyst Ratings Changes

THO has been the topic of a number of recent analyst reports. Robert W. Baird raised their price objective on THOR Industries from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. 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 note on Friday, March 15th. Truist Financial raised their target price on shares of THOR Industries from $96.00 to $105.00 and gave the company a “hold” rating in a research note on Tuesday, January 9th. Finally, TheStreet lowered shares of THOR Industries from a “b-” rating to a “c+” rating in a research report on Monday, March 18th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $104.00.

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.