Quantbot Technologies LP Cuts Position in THOR Industries, Inc. (NYSE:THO)

Quantbot Technologies LP trimmed its holdings in shares of THOR Industries, Inc. (NYSE:THO) by 96.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 802 shares of the construction company’s stock after selling 19,301 shares during the period. Quantbot Technologies LP’s holdings in THOR Industries were worth $77,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of THO. JPMorgan Chase & Co. increased its position in shares of THOR Industries by 37.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock valued at $165,078,000 after purchasing an additional 411,466 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in THOR Industries by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 611,890 shares of the construction company’s stock valued at $58,564,000 after buying an additional 10,455 shares during the period. State Street Corp raised its position in THOR Industries by 2.1% in the third quarter. State Street Corp now owns 1,624,002 shares of the construction company’s stock worth $178,462,000 after acquiring an additional 33,619 shares during the period. Amundi raised its position in THOR Industries by 26.2% in the fourth quarter. Amundi now owns 4,354 shares of the construction company’s stock worth $415,000 after acquiring an additional 905 shares during the period. Finally, Salvus Wealth Management LLC boosted its stake in THOR Industries by 19.4% in the fourth quarter. Salvus Wealth Management LLC now owns 42,168 shares of the construction company’s stock valued at $4,036,000 after acquiring an additional 6,838 shares during the last quarter. 96.71% of the stock is currently owned by institutional investors.

THOR Industries Stock Down 1.5 %

THO stock opened at $75.91 on Tuesday. The stock has a 50-day simple moving average of $93.59 and a two-hundred day simple moving average of $101.07. THOR Industries, Inc. has a twelve month low of $75.11 and a twelve month high of $118.85. The firm has a market capitalization of $4.04 billion, a PE ratio of 19.41, a PEG ratio of 1.16 and a beta of 1.74. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26.

THOR Industries (NYSE:THO) last issued its quarterly earnings data on Wednesday, March 5th. The construction company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.08). THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The firm had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.98 billion. During the same period in the prior year, the firm posted $0.13 EPS. THOR Industries’s revenue was down 8.6% on a year-over-year basis. On average, equities analysts predict that THOR Industries, Inc. will post 4.64 EPS for the current fiscal year.

THOR Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be given a $0.50 dividend. The ex-dividend date is Tuesday, April 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.63%. THOR Industries’s dividend payout ratio (DPR) is presently 53.05%.

Analyst Ratings Changes

A number of equities research analysts recently commented on THO shares. KeyCorp reaffirmed an “underweight” rating and issued a $65.00 price target on shares of THOR Industries in a report on Thursday, March 20th. StockNews.com upgraded THOR Industries from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. DA Davidson cut their price target on THOR Industries from $95.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Citigroup cut THOR Industries from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $94.00 to $86.00 in a research note on Wednesday, March 19th. Finally, BMO Capital Markets cut their target price on shares of THOR Industries from $120.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $93.00.

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.