THOR Industries, Inc. (NYSE:THO) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets cut its stake in shares of THOR Industries, Inc. (NYSE:THOFree Report) by 87.8% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 6,755 shares of the construction company’s stock after selling 48,477 shares during the period. BNP Paribas Financial Markets’ holdings in THOR Industries were worth $799,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Choreo LLC lifted its position in shares of THOR Industries by 23.3% during the fourth quarter. Choreo LLC now owns 282,102 shares of the construction company’s stock worth $33,494,000 after purchasing an additional 53,263 shares in the last quarter. ACR Alpine Capital Research LLC boosted its position in THOR Industries by 1.6% in the 4th quarter. ACR Alpine Capital Research LLC now owns 1,472,852 shares of the construction company’s stock valued at $174,165,000 after buying an additional 22,542 shares during the last quarter. Jump Financial LLC acquired a new stake in shares of THOR Industries during the third quarter valued at about $489,000. Gotham Asset Management LLC increased its position in shares of THOR Industries by 97.4% during the third quarter. Gotham Asset Management LLC now owns 60,403 shares of the construction company’s stock worth $5,746,000 after acquiring an additional 29,796 shares during the last quarter. Finally, Reinhart Partners LLC. lifted its stake in shares of THOR Industries by 4.9% in the fourth quarter. Reinhart Partners LLC. now owns 296,045 shares of the construction company’s stock worth $35,007,000 after acquiring an additional 13,849 shares in the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

THOR Industries Stock Up 4.3 %

THO stock opened at $97.28 on Friday. The firm has a fifty day moving average price of $103.80 and a two-hundred day moving average price of $109.38. 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, Inc. has a 1-year low of $75.93 and a 1-year high of $129.31. The firm has a market cap of $5.19 billion, a price-to-earnings ratio of 19.30 and a beta of 1.80.

THOR Industries (NYSE:THOGet Free Report) last announced its quarterly earnings data on Wednesday, March 6th. The construction company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.54). THOR Industries had a net margin of 2.62% and a return on equity of 7.28%. The business had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same period in the prior year, the company earned $0.50 EPS. THOR Industries’s quarterly revenue was down 5.9% on a year-over-year basis. Research analysts predict that THOR Industries, Inc. will post 5.32 EPS for the current year.

THOR Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were paid a dividend of $0.48 per share. The ex-dividend date was Monday, April 8th. This represents a $1.92 dividend on an annualized basis and a yield of 1.97%. THOR Industries’s payout ratio is currently 38.10%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on THO. TheStreet lowered THOR Industries from a “b-” rating to a “c+” rating in a research note on Monday, March 18th. Citigroup raised shares of THOR Industries from a “neutral” rating to a “buy” rating and upped their price target for the company from $111.00 to $122.00 in a report on Friday, March 15th. Truist Financial decreased their price objective on shares of THOR Industries from $105.00 to $100.00 and set a “hold” rating for the company in a report on Friday, May 24th. Finally, Robert W. Baird upped their target price on shares of THOR Industries from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $103.17.

Read Our Latest Stock Report on THOR Industries

THOR Industries Profile

(Free Report)

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.

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

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