Xponance Inc. Boosts Stake in THOR Industries, Inc. (NYSE:THO)

Xponance Inc. grew its stake in shares of THOR Industries, Inc. (NYSE:THO) by 5.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 5,963 shares of the construction company’s stock after buying an additional 294 shares during the period. Xponance Inc.’s holdings in THOR Industries were worth $571,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. lifted its holdings in THOR Industries by 4.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 8,741 shares of the construction company’s stock valued at $837,000 after purchasing an additional 370 shares in the last quarter. Natixis Advisors LLC boosted its holdings in THOR Industries by 2.6% in the 4th quarter. Natixis Advisors LLC now owns 517,870 shares of the construction company’s stock worth $49,565,000 after buying an additional 12,948 shares during the period. Atala Financial Inc purchased a new stake in THOR Industries in the 4th quarter worth $27,000. Madison Investment Advisors LLC purchased a new position in shares of THOR Industries in the fourth quarter valued at about $95,688,000. Finally, Impact Capital Partners LLC purchased a new position in shares of THOR Industries in the fourth quarter valued at about $470,000. 96.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. KeyCorp reissued an “underweight” rating and set a $65.00 target price on shares of THOR Industries in a research note on Thursday, March 20th. Bank of America upgraded shares of THOR Industries from a “neutral” rating to a “buy” rating and upped their target price for the stock from $110.00 to $125.00 in a research report on Monday, March 3rd. Benchmark reiterated a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. BMO Capital Markets lowered their price objective on shares of THOR Industries from $120.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Finally, Truist Financial dropped their price objective on shares of THOR Industries from $110.00 to $90.00 and set a “hold” rating on the stock in a research note on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $93.00.

THOR Industries Stock Performance

THO opened at $80.17 on Wednesday. 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, Inc. has a 52-week low of $75.78 and a 52-week high of $118.85. The company has a market cap of $4.27 billion, a P/E ratio of 20.50, a price-to-earnings-growth ratio of 1.16 and a beta of 1.74. The firm’s 50-day moving average price is $95.49 and its 200-day moving average price is $101.65.

THOR Industries (NYSE:THO) last released its earnings results on Wednesday, March 5th. The construction company reported ($0.01) 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 firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the firm earned $0.13 EPS. The company’s revenue for the quarter was down 8.6% compared to the same quarter last year. As a group, equities analysts anticipate that THOR Industries, Inc. will post 4.64 EPS for the current fiscal year.

THOR Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.49%. THOR Industries’s payout ratio is currently 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.