Jupiter Asset Management Ltd. Cuts Stock Position in THOR Industries, Inc. (NYSE:THO)

Jupiter Asset Management Ltd. reduced its position in THOR Industries, Inc. (NYSE:THO) by 28.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,902 shares of the construction company’s stock after selling 15,435 shares during the quarter. Jupiter Asset Management Ltd. owned 0.07% of THOR Industries worth $4,026,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of THO. Royal London Asset Management Ltd. purchased a new position in shares of THOR Industries in the 1st quarter worth about $46,644,000. Envestnet Asset Management Inc. boosted its holdings in shares of THOR Industries by 176.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 826,286 shares of the construction company’s stock worth $29,075,000 after purchasing an additional 527,466 shares in the last quarter. Norges Bank purchased a new stake in THOR Industries during the 4th quarter valued at about $34,637,000. First Trust Advisors LP boosted its holdings in THOR Industries by 127.6% during the 1st quarter. First Trust Advisors LP now owns 291,956 shares of the construction company’s stock valued at $23,251,000 after acquiring an additional 163,700 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in THOR Industries by 7.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,372,315 shares of the construction company’s stock valued at $245,534,000 after acquiring an additional 160,806 shares during the period. 96.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Citigroup dropped their target price on THOR Industries from $107.00 to $93.00 in a report on Thursday, September 28th. Roth Mkm restated a “neutral” rating and set a $72.00 target price on shares of THOR Industries in a report on Friday, September 22nd. StockNews.com assumed coverage on THOR Industries in a report on Thursday, October 5th. They set a “hold” rating for the company. Truist Financial increased their target price on THOR Industries from $84.00 to $86.00 and gave the company a “hold” rating in a report on Tuesday, September 26th. Finally, BMO Capital Markets restated an “outperform” rating and set a $115.00 target price on shares of THOR Industries in a report on Tuesday, September 26th. Seven analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $93.50.

THOR Industries Trading Up 2.1 %

THO opened at $102.15 on Friday. The business has a 50 day simple moving average of $93.34 and a two-hundred day simple moving average of $96.43. The firm has a market capitalization of $5.44 billion, a price-to-earnings ratio of 14.70 and a beta of 1.85. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.63 and a quick ratio of 0.66. THOR Industries, Inc. has a one year low of $74.00 and a one year high of $116.31.

THOR Industries (NYSE:THO) last released its quarterly earnings results on Monday, September 25th. The construction company reported $1.68 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.73. THOR Industries had a return on equity of 9.77% and a net margin of 3.37%. The business had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.43 billion. During the same quarter in the prior year, the company posted $5.15 EPS. THOR Industries’s quarterly revenue was down 28.4% compared to the same quarter last year. Analysts predict that THOR Industries, Inc. will post 6.69 EPS for the current year.

THOR Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 10th. Stockholders of record on Wednesday, November 1st were given a $0.48 dividend. The ex-dividend date of this dividend was Tuesday, October 31st. This represents a $1.92 annualized dividend and a dividend yield of 1.88%. This is a positive change from THOR Industries’s previous quarterly dividend of $0.45. THOR Industries’s dividend payout ratio is currently 27.63%.

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.