THOR Industries, Inc. (NYSE:THO) Shares Sold by California State Teachers Retirement System

California State Teachers Retirement System lessened its stake in shares of THOR Industries, Inc. (NYSE:THO) by 3.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 47,096 shares of the construction company’s stock after selling 1,621 shares during the quarter. California State Teachers Retirement System’s holdings in THOR Industries were worth $4,508,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC increased its stake in shares of THOR Industries by 34.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,141 shares of the construction company’s stock valued at $492,000 after acquiring an additional 1,328 shares during the period. Castlekeep Investment Advisors LLC bought a new position in shares of THOR Industries in the fourth quarter valued at $440,000. Neo Ivy Capital Management boosted its stake in shares of THOR Industries by 11.7% during the 4th quarter. Neo Ivy Capital Management now owns 2,451 shares of the construction company’s stock worth $234,000 after acquiring an additional 257 shares in the last quarter. Waverly Advisors LLC boosted its stake in shares of THOR Industries by 57.6% during the 4th quarter. Waverly Advisors LLC now owns 5,535 shares of the construction company’s stock worth $530,000 after acquiring an additional 2,023 shares in the last quarter. Finally, Vident Advisory LLC grew its holdings in shares of THOR Industries by 10.5% in the 4th quarter. Vident Advisory LLC now owns 9,431 shares of the construction company’s stock worth $903,000 after acquiring an additional 897 shares during the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on THO shares. Truist Financial upped their target price on THOR Industries from $72.00 to $78.00 and gave the company a “hold” rating in a report on Tuesday. Citigroup cut shares of THOR Industries from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $94.00 to $86.00 in a report on Wednesday, March 19th. BMO Capital Markets reduced their price target 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. Baird R W lowered shares of THOR Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. Finally, Bank of America raised shares of THOR Industries from a “neutral” rating to a “buy” rating and boosted their target price for the company from $110.00 to $125.00 in a research note on Monday, March 3rd. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $89.14.

THOR Industries Stock Performance

THO stock opened at $82.32 on Wednesday. The firm has a 50 day simple moving average of $75.27 and a 200 day simple moving average of $90.23. THOR Industries, Inc. has a 52 week low of $63.16 and a 52 week high of $118.85. The stock has a market cap of $4.38 billion, a P/E ratio of 21.05, a P/E/G ratio of 1.16 and a beta of 1.26. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71.

THOR Industries (NYSE:THO) last released its earnings results 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 return on equity of 5.97% and a net margin of 2.17%. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the previous year, the company earned $0.13 EPS. The firm’s quarterly revenue was down 8.6% compared to the same quarter last year. Research analysts anticipate that THOR Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

THOR Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date of this dividend was Tuesday, April 8th. THOR Industries’s dividend payout ratio (DPR) is presently 53.05%.

THOR Industries 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.