Reinhart Partners LLC. Has $33.74 Million Stock Position in THOR Industries, Inc. (NYSE:THO)

Reinhart Partners LLC. reduced its stake in shares of THOR Industries, Inc. (NYSE:THOFree Report) by 2.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 287,528 shares of the construction company’s stock after selling 8,517 shares during the period. THOR Industries makes up approximately 1.4% of Reinhart Partners LLC.’s holdings, making the stock its 29th biggest holding. Reinhart Partners LLC.’s holdings in THOR Industries were worth $33,739,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in THOR Industries by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 5,295,044 shares of the construction company’s stock worth $626,139,000 after buying an additional 24,985 shares during the period. Kayne Anderson Rudnick Investment Management LLC raised its holdings in shares of THOR Industries by 1.5% in the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,223,499 shares of the construction company’s stock valued at $496,912,000 after purchasing an additional 79,595 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of THOR Industries by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,634,436 shares of the construction company’s stock valued at $311,527,000 after purchasing an additional 81,840 shares during the last quarter. ACR Alpine Capital Research LLC raised its holdings in shares of THOR Industries by 1.6% in the fourth quarter. ACR Alpine Capital Research LLC now owns 1,472,852 shares of the construction company’s stock valued at $174,165,000 after purchasing an additional 22,542 shares during the last quarter. Finally, Pacer Advisors Inc. raised its holdings in shares of THOR Industries by 56.7% in the fourth quarter. Pacer Advisors Inc. now owns 725,667 shares of the construction company’s stock valued at $85,810,000 after purchasing an additional 262,478 shares during the last quarter. 96.71% of the stock is currently owned by institutional investors and hedge funds.

THOR Industries Stock Down 1.4 %

Shares of NYSE:THO traded down $1.26 during midday trading on Tuesday, hitting $92.03. The stock had a trading volume of 572,116 shares, compared to its average volume of 477,795. The company has a quick ratio of 0.74, a current ratio of 1.65 and a debt-to-equity ratio of 0.30. The business’s 50-day simple moving average is $99.31 and its 200-day simple moving average is $109.10. THOR Industries, Inc. has a 12 month low of $84.54 and a 12 month high of $129.31. The company has a market cap of $4.91 billion, a P/E ratio of 18.67 and a beta of 1.74.

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

THOR Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Monday, April 8th. This represents a $1.92 dividend on an annualized basis and a yield of 2.09%. THOR Industries’s dividend payout ratio (DPR) is 38.95%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on THO. TheStreet downgraded shares of THOR Industries from a “b-” rating to a “c+” rating in a report on Monday, March 18th. Truist Financial decreased their target price 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. Robert W. Baird decreased their target price on shares of THOR Industries from $120.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, June 6th. Finally, Citigroup decreased their target price 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. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $102.00.

Check Out Our Latest Research Report on THO

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.

See Also

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

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