South Dakota Investment Council Sells 14,410 Shares of THOR Industries, Inc. (NYSE:THO)

South Dakota Investment Council reduced its holdings in THOR Industries, Inc. (NYSE:THOFree Report) by 30.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,437 shares of the construction company’s stock after selling 14,410 shares during the period. South Dakota Investment Council’s holdings in THOR Industries were worth $3,836,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust increased 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 worth $26,000 after buying an additional 249 shares during the period. Smithfield Trust Co grew its holdings in shares of THOR Industries by 127.2% during the 3rd quarter. Smithfield Trust Co now owns 284 shares of the construction company’s stock worth $27,000 after purchasing an additional 159 shares in the last quarter. GAMMA Investing LLC acquired a new stake in shares of THOR Industries during the 4th quarter worth approximately $47,000. Planned Solutions Inc. acquired a new stake in shares of THOR Industries during the 4th quarter worth approximately $62,000. Finally, Signaturefd LLC grew its holdings in shares of THOR Industries by 121.5% during the 3rd quarter. Signaturefd LLC now owns 731 shares of the construction company’s stock worth $70,000 after purchasing an additional 401 shares in the last quarter. 96.71% of the stock is owned by institutional investors.

THOR Industries Price Performance

Shares of THO stock opened at $103.66 on Thursday. The stock’s fifty day simple moving average is $112.03 and its 200 day simple moving average is $107.89. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.75 and a quick ratio of 0.65. The firm has a market cap of $5.53 billion, a price-to-earnings ratio of 20.57 and a beta of 1.78. THOR Industries, Inc. has a one year low of $74.50 and a one year high of $129.31.

THOR Industries (NYSE:THOGet Free Report) last issued its quarterly earnings data on Wednesday, March 6th. The construction company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.54). THOR Industries had a net margin of 2.62% and a return on equity of 7.28%. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the previous year, the firm posted $0.50 EPS. The company’s revenue for the quarter was down 5.9% compared to the same quarter last year. On average, analysts expect that THOR Industries, Inc. will post 5.37 earnings per share for the current fiscal year.

THOR Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were given a $0.48 dividend. The ex-dividend date was Monday, April 8th. This represents a $1.92 annualized dividend and a yield of 1.85%. THOR Industries’s payout ratio is 38.10%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on THO. Citigroup raised THOR Industries from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $111.00 to $122.00 in a report on Friday, March 15th. Robert W. Baird lifted their price objective on THOR Industries from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. TheStreet lowered THOR Industries from a “b-” rating to a “c+” rating in a report on Monday, March 18th. Finally, Truist Financial lifted their price objective on THOR Industries from $96.00 to $105.00 and gave the stock a “hold” rating in a report on Tuesday, January 9th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $104.00.

Read Our Latest Stock Report on THOR Industries

THOR Industries Profile

(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 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.

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Institutional Ownership by Quarter for THOR Industries (NYSE:THO)

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