AXQ Capital LP Has $422,000 Position in THOR Industries, Inc. (NYSE:THO)

AXQ Capital LP lessened its stake in shares of THOR Industries, Inc. (NYSE:THO) by 64.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,409 shares of the construction company’s stock after selling 8,014 shares during the period. AXQ Capital LP’s holdings in THOR Industries were worth $422,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. grew its stake in THOR Industries by 37.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock valued at $165,078,000 after buying an additional 411,466 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of THOR Industries by 1.7% in 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 purchasing an additional 10,455 shares during the last quarter. State Street Corp increased its stake in shares of 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 purchasing an additional 33,619 shares during the period. Salvus Wealth Management LLC lifted its position in shares of THOR Industries by 19.4% during the 4th quarter. Salvus Wealth Management LLC now owns 42,168 shares of the construction company’s stock worth $4,036,000 after purchasing an additional 6,838 shares during the last quarter. Finally, FMR LLC boosted its stake in THOR Industries by 8.0% during the 3rd quarter. FMR LLC now owns 29,716 shares of the construction company’s stock valued at $3,265,000 after purchasing an additional 2,205 shares during the period. Institutional investors own 96.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. StockNews.com raised THOR Industries from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. BMO Capital Markets dropped their target price on shares of THOR Industries from $120.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Bank of America raised shares of THOR Industries from a “neutral” rating to a “buy” rating and increased their price target for the company from $110.00 to $125.00 in a report on Monday, March 3rd. Citigroup downgraded shares of THOR Industries from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $94.00 to $86.00 in a report on Wednesday. Finally, Benchmark reiterated a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, THOR Industries has an average rating of “Hold” and a consensus target price of $93.00.

THOR Industries Price Performance

THOR Industries stock opened at $79.11 on Friday. The business has a 50 day simple moving average of $96.10 and a 200 day simple moving average of $101.98. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78. The company has a market capitalization of $4.21 billion, a PE ratio of 20.23, a price-to-earnings-growth ratio of 1.16 and a beta of 1.74. THOR Industries, Inc. has a one year low of $75.78 and a one year high of $118.85.

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

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.