&Partners Buys Shares of 6,629 THOR Industries, Inc. (NYSE:THO)

&Partners purchased a new position in shares of THOR Industries, Inc. (NYSE:THO) in the second quarter, HoldingsChannel reports. The fund purchased 6,629 shares of the construction company’s stock, valued at approximately $623,000.

Other hedge funds also recently made changes to their positions in the company. Choreo LLC boosted its holdings in 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 during the last quarter. Madison Asset Management LLC grew its holdings in shares of THOR Industries by 3.0% in the 4th quarter. Madison Asset Management LLC now owns 406,413 shares of the construction company’s stock valued at $48,058,000 after acquiring an additional 11,814 shares in the last quarter. BNP Paribas Financial Markets increased its position in shares of THOR Industries by 596.7% in the first quarter. BNP Paribas Financial Markets now owns 47,061 shares of the construction company’s stock valued at $5,522,000 after acquiring an additional 40,306 shares during the last quarter. Inspire Advisors LLC increased its position in shares of THOR Industries by 9.3% in the first quarter. Inspire Advisors LLC now owns 1,894 shares of the construction company’s stock valued at $222,000 after acquiring an additional 161 shares during the last quarter. Finally, ACR Alpine Capital Research LLC raised its holdings in THOR Industries by 1.6% during the fourth quarter. ACR Alpine Capital Research LLC now owns 1,472,852 shares of the construction company’s stock worth $174,165,000 after acquiring an additional 22,542 shares in the last quarter. 96.71% of the stock is owned by institutional investors.

Analyst Ratings Changes

THO has been the topic of several recent analyst reports. Truist Financial lowered their price target on THOR Industries from $100.00 to $95.00 and set a “hold” rating on the stock in a research report on Thursday, June 6th. Benchmark started coverage on shares of THOR Industries in a report on Thursday, July 18th. They set a “hold” rating on the stock. Citigroup cut 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, Robert W. Baird lowered their price objective 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. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $102.00.

THOR Industries Trading Up 3.9 %

Shares of THOR Industries stock opened at $107.58 on Friday. THOR Industries, Inc. has a 1 year low of $84.54 and a 1 year high of $129.31. The company has a market capitalization of $5.72 billion, a price-to-earnings ratio of 21.82 and a beta of 1.71. The business has a fifty day simple moving average of $97.46 and a two-hundred day simple moving average of $103.90. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.65 and a quick ratio of 0.74.

THOR Industries (NYSE:THO) last announced its earnings results on Wednesday, June 5th. The construction company reported $2.13 EPS for the quarter, topping the consensus estimate of $1.89 by $0.24. THOR Industries had a net margin of 2.59% and a return on equity of 7.07%. The business had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the previous year, the firm posted $2.24 EPS. THOR Industries’s revenue was down 4.4% compared to the same quarter last year. Research analysts forecast that THOR Industries, Inc. will post 4.79 EPS for the current year.

THOR Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Wednesday, July 3rd were given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 1.78%. The ex-dividend date was Wednesday, July 3rd. THOR Industries’s payout ratio is 38.95%.

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.