US Bancorp DE Sells 636 Shares of THOR Industries, Inc. (NYSE:THO)

US Bancorp DE lowered its stake in THOR Industries, Inc. (NYSE:THOGet Rating) by 10.6% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 5,386 shares of the construction company’s stock after selling 636 shares during the quarter. US Bancorp DE’s holdings in THOR Industries were worth $376,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Macquarie Group Ltd. raised its stake in THOR Industries by 3.9% during the 2nd quarter. Macquarie Group Ltd. now owns 3,028 shares of the construction company’s stock valued at $227,000 after purchasing an additional 113 shares during the period. Cibc World Market Inc. raised its stake in THOR Industries by 2.9% during the 2nd quarter. Cibc World Market Inc. now owns 4,778 shares of the construction company’s stock valued at $357,000 after purchasing an additional 135 shares during the period. Van ECK Associates Corp raised its stake in THOR Industries by 9.9% during the 3rd quarter. Van ECK Associates Corp now owns 1,677 shares of the construction company’s stock valued at $117,000 after purchasing an additional 151 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in THOR Industries by 52.4% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 445 shares of the construction company’s stock valued at $33,000 after purchasing an additional 153 shares during the period. Finally, Lido Advisors LLC raised its stake in THOR Industries by 4.8% during the 1st quarter. Lido Advisors LLC now owns 3,377 shares of the construction company’s stock valued at $265,000 after purchasing an additional 154 shares during the period. Institutional investors own 98.68% of the company’s stock.

THOR Industries Price Performance

Shares of THOR Industries stock opened at $89.92 on Tuesday. The stock has a market cap of $4.81 billion, a price-to-earnings ratio of 4.79 and a beta of 1.68. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.70 and a current ratio of 1.85. The stock has a 50 day moving average price of $83.37 and a 200-day moving average price of $81.67. THOR Industries, Inc. has a one year low of $66.26 and a one year high of $100.14.

THOR Industries (NYSE:THOGet Rating) last announced its earnings results on Wednesday, December 7th. The construction company reported $2.53 EPS for the quarter, topping analysts’ consensus estimates of $2.09 by $0.44. THOR Industries had a return on equity of 29.59% and a net margin of 6.67%. The firm had revenue of $3.11 billion during the quarter, compared to analysts’ expectations of $3.12 billion. Equities analysts expect that THOR Industries, Inc. will post 7.89 EPS for the current year.

THOR Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Investors of record on Friday, December 30th were issued a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend was Thursday, December 29th. THOR Industries’s payout ratio is currently 9.58%.

Wall Street Analysts Forecast Growth

THO has been the subject of several research analyst reports. Argus cut THOR Industries from a “buy” rating to a “hold” rating in a report on Monday, October 3rd. StockNews.com initiated coverage on THOR Industries in a report on Wednesday, October 12th. They set a “hold” rating for the company. Benchmark cut THOR Industries from a “buy” rating to a “hold” rating in a report on Thursday, October 27th. MKM Partners cut their price target on THOR Industries to $69.00 in a report on Friday, September 30th. Finally, Citigroup raised their price target on THOR Industries to $87.00 in a report on Monday, December 12th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $79.50.

About THOR Industries

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Thor Industries, Inc engages in the manufacture and sale of recreational vehicles. It operates through the following segments: North American Towable Recreational Vehicles, North American Motorized Recreational Vehicles, and European Recreational Vehicles. The North American Towable Recreational Vehicles segment includes operating entities such as Airstream, Heartland, Jayco, Keystone, and KZ.

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Institutional Ownership by Quarter for THOR Industries (NYSE:THO)

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