Wealth Enhancement Advisory Services LLC Raises Position in THOR Industries, Inc. (NYSE:THO)

Wealth Enhancement Advisory Services LLC grew its stake in THOR Industries, Inc. (NYSE:THO) by 34.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,141 shares of the construction company’s stock after purchasing an additional 1,328 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in THOR Industries were worth $492,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of THO. Stonebridge Financial Group LLC bought a new stake in shares of THOR Industries in the 4th quarter worth about $51,000. Consolidated Planning Corp raised its position in THOR Industries by 14.6% in the 4th quarter. Consolidated Planning Corp now owns 6,467 shares of the construction company’s stock worth $619,000 after purchasing an additional 823 shares during the period. Palouse Capital Management Inc. lifted its stake in THOR Industries by 63.8% in the fourth quarter. Palouse Capital Management Inc. now owns 1,299 shares of the construction company’s stock worth $124,000 after purchasing an additional 506 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its position in shares of THOR Industries by 2.5% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 19,446 shares of the construction company’s stock valued at $1,861,000 after buying an additional 475 shares during the period. Finally, Sanctuary Advisors LLC grew its stake in shares of THOR Industries by 0.5% during the fourth quarter. Sanctuary Advisors LLC now owns 21,614 shares of the construction company’s stock valued at $2,278,000 after buying an additional 113 shares during the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

THOR Industries Price Performance

THOR Industries stock opened at $87.99 on Friday. The company has a market cap of $4.68 billion, a P/E ratio of 22.50, a price-to-earnings-growth ratio of 1.16 and a beta of 1.21. THOR Industries, Inc. has a one year low of $63.16 and a one year high of $118.85. The business has a fifty day moving average of $77.07 and a two-hundred day moving average of $89.24. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71.

THOR Industries (NYSE:THO) last released its quarterly earnings data on Wednesday, June 4th. The construction company reported $2.53 EPS for the quarter, topping the consensus estimate of $1.79 by $0.74. The business had revenue of $2.89 billion for the quarter, compared to analyst estimates of $2.60 billion. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.13 EPS. As a group, analysts predict that THOR Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

THOR Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date was Tuesday, April 8th. THOR Industries’s dividend payout ratio is currently 47.96%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Bank of America upgraded THOR Industries from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $110.00 to $125.00 in a report on Monday, March 3rd. DA Davidson upgraded THOR Industries to a “hold” rating in a report on Monday, April 14th. KeyCorp upped their price objective on shares of THOR Industries from $60.00 to $65.00 and gave the stock an “underweight” rating in a research note on Friday, May 30th. Robert W. Baird downgraded shares of THOR Industries from an “outperform” rating to a “neutral” rating and cut their target price for the company from $100.00 to $85.00 in a research report on Friday, April 4th. Finally, Citigroup cut shares of THOR Industries from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $94.00 to $86.00 in a research report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $87.63.

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.