Goldman Sachs Group Inc. Sells 496,072 Shares of THOR Industries, Inc. (NYSE:THO)

Goldman Sachs Group Inc. decreased its holdings in shares of THOR Industries, Inc. (NYSE:THO) by 75.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 159,903 shares of the construction company’s stock after selling 496,072 shares during the period. Goldman Sachs Group Inc.’s holdings in THOR Industries were worth $18,909,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Parkside Financial Bank & Trust grew its position in THOR Industries by 889.3% in the 3rd quarter. Parkside Financial Bank & Trust now owns 277 shares of the construction company’s stock valued at $26,000 after acquiring an additional 249 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of THOR Industries by 70.8% in the fourth quarter. Parallel Advisors LLC now owns 292 shares of the construction company’s stock worth $35,000 after purchasing an additional 121 shares during the last quarter. GAMMA Investing LLC purchased a new position in THOR Industries in the 4th quarter worth about $47,000. Planned Solutions Inc. bought a new stake in THOR Industries during the 4th quarter valued at about $62,000. Finally, Fifth Third Bancorp boosted its position in THOR Industries by 13.8% in the 4th quarter. Fifth Third Bancorp now owns 766 shares of the construction company’s stock valued at $91,000 after buying an additional 93 shares during the period. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

THOR Industries Stock Up 1.7 %

THOR Industries stock opened at $90.44 on Thursday. THOR Industries, Inc. has a twelve month low of $84.54 and a twelve month high of $129.31. The business has a fifty day moving average of $97.89 and a two-hundred day moving average of $108.44. The firm has a market cap of $4.81 billion, a P/E ratio of 18.34 and a beta of 1.74. The company has a quick ratio of 0.74, a current ratio of 1.65 and a debt-to-equity ratio of 0.30.

THOR Industries (NYSE:THO) last issued its quarterly earnings data on Wednesday, June 5th. The construction company reported $2.13 earnings per share 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 the consensus estimate of $2.73 billion. THOR Industries had a return on equity of 7.07% and a net margin of 2.59%. The firm’s revenue for the quarter was down 4.4% compared to the same quarter last year. During the same quarter last year, the company earned $2.24 earnings per share. On average, analysts forecast that THOR Industries, Inc. will post 4.8 earnings per share for the current fiscal year.

THOR Industries Announces Dividend

The company 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. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $1.92 annualized dividend and a dividend yield of 2.12%. THOR Industries’s dividend payout ratio (DPR) is presently 38.95%.

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.