State of Michigan Retirement System increased its holdings in THOR Industries, Inc. (NYSE:THO – Free Report) by 2.3% during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,118 shares of the construction company’s stock after acquiring an additional 300 shares during the quarter. State of Michigan Retirement System’s holdings in THOR Industries were worth $1,539,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in THO. Norges Bank bought a new position in shares of THOR Industries during the 4th quarter valued at about $65,391,000. Pacer Advisors Inc. increased its holdings in shares of THOR Industries by 56.7% during the 4th quarter. Pacer Advisors Inc. now owns 725,667 shares of the construction company’s stock valued at $85,810,000 after acquiring an additional 262,478 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of THOR Industries by 4.1% during the 3rd quarter. Vanguard Group Inc. now owns 5,270,059 shares of the construction company’s stock valued at $501,341,000 after acquiring an additional 208,343 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of THOR Industries by 2,509.8% in the 3rd quarter. Deutsche Bank AG now owns 180,178 shares of the construction company’s stock worth $17,140,000 after purchasing an additional 173,274 shares in the last quarter. Finally, Scout Investments Inc. increased its holdings in shares of THOR Industries by 89.7% in the 4th quarter. Scout Investments Inc. now owns 239,396 shares of the construction company’s stock worth $28,309,000 after purchasing an additional 113,201 shares in the last quarter. 96.71% of the shares are owned by institutional investors.
Upgrades and downgrades by analysts
Several equities analysts have issued reports on THO shares. Robert W. Baird decreased their price target on THOR Industries from $120.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, June 6th. TheStreet downgraded THOR Industries from a “b-” rating to a “c+” rating in a report on Monday, March 18th. Truist Financial decreased their price target on THOR Industries from $100.00 to $95.00 and gave the company a “hold” rating in a report on Thursday, June 6th. Finally, Citigroup decreased their price target on THOR Industries from $120.00 to $113.00 and gave the company a “buy” rating in a report on Friday, June 7th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating. Based on data from MarketBeat, THOR Industries currently has an average rating of Moderate Buy and an average price target of $102.00.
Get our latest analysis on THOR Industries
THOR Industries shares down 1.1%
THO stock opened at $92.00 on Friday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.65 and a quick ratio of 0.74. The stock has a market cap of $4.89 billion, a price-to-earnings ratio of 18.66 and a beta of 1.71. The company’s 50-day moving average price is $96.74 and its 200-day moving average price is $107.50. THOR Industries, Inc. has a 52-week low of $84.54 and a 52-week high of $129.31.
THOR Industries (NYSE:THO – Get Free Report) last released its quarterly earnings results on Wednesday, June 5. The construction company reported earnings per share of $2.13 for the quarter, beating analysts’ consensus estimates of $1.89 by $0.24. The company had revenue of $2.80 billion for the quarter, compared to analyst expectations of $2.73 billion. THOR Industries had a return on equity of 7.07% and a net margin of 2.59%. THOR Industries’ revenue declined 4.4% year over year. In the same quarter last year, the company posted earnings per share of $2.24. On average, equities analysts expect that THOR Industries, Inc. will post earnings per share of $4.79 for the current year.
Dividend announcement from THOR Industries
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 18. Shareholders of record on Wednesday, July 3 will receive a dividend of $0.48 per share. This represents an annualized dividend of $1.92 and a dividend yield of 2.09%. The ex-dividend date is Wednesday, July 3. THOR Industries’ dividend payout ratio (DPR) is currently 38.95%.
Profile of THOR Industries
(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 gasoline and diesel powered Class A, B, and C motorhomes, conventional travel trailers and trailers, luxury trailers, as well as motor homes, caravans, campervans, and city vehicles.
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