Radnor Capital Management LLC Sells 267 Shares of THOR Industries, Inc. (NYSE:THO)

Radnor Capital Management LLC lowered its stake in shares of THOR Industries, Inc. (NYSE:THO) by 4.5% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,709 shares of the construction company’s stock after selling 267 shares during the quarter. Radnor Capital Management LLC’s holdings in THOR Industries were worth $670,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust grew its stake in shares of THOR Industries by 889.3% during the third quarter. Parkside Financial Bank & Trust now owns 277 shares of the construction company’s stock valued at $26,000 after purchasing an additional 249 shares during the last quarter. Mather Group LLC. bought a new position in THOR Industries in the 1st quarter valued at $30,000. Parallel Advisors LLC increased its stake in shares of THOR Industries by 70.8% in the 4th quarter. Parallel Advisors LLC now owns 292 shares of the construction company’s stock valued at $35,000 after buying an additional 121 shares during the period. GAMMA Investing LLC acquired a new stake in shares of THOR Industries in the 4th quarter valued at $47,000. Finally, Planned Solutions Inc. bought a new stake in shares of THOR Industries during the fourth quarter worth $62,000. Institutional investors and hedge funds own 96.71% of the company’s stock.

THOR Industries Price Performance

THOR Industries stock opened at $90.89 on Monday. The company has a current ratio of 1.65, a quick ratio of 0.74 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $4.84 billion, a P/E ratio of 18.44 and a beta of 1.74. The business has a 50-day moving average of $98.51 and a 200-day moving average of $108.82. THOR Industries, Inc. has a 1 year low of $84.54 and a 1 year high of $129.31.

THOR Industries (NYSE:THO) last issued its quarterly earnings data on Wednesday, June 5th. The construction company reported $2.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.89 by $0.24. The firm had revenue of $2.80 billion during the quarter, compared to analysts’ expectations of $2.73 billion. THOR Industries had a net margin of 2.59% and a return on equity of 7.07%. The business’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.24 earnings per share. On average, equities analysts anticipate that THOR Industries, Inc. will post 4.8 EPS for the current year.

THOR Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Investors of record on Wednesday, July 3rd will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.11%. The ex-dividend date is Wednesday, July 3rd. THOR Industries’s payout ratio is presently 38.95%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. Truist Financial decreased their price target on THOR Industries from $100.00 to $95.00 and set a “hold” rating on the stock in a report on Thursday, June 6th. Robert W. Baird reduced their target price on shares of THOR Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, June 6th. Citigroup dropped their price target on shares of THOR Industries from $120.00 to $113.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Finally, TheStreet lowered shares of THOR Industries from a “b-” rating to a “c+” rating in a report on Monday, March 18th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, THOR Industries currently has an average rating of “Moderate Buy” and an average price target of $102.00.

About THOR Industries

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.