Impact Capital Partners LLC Makes New Investment in THOR Industries, Inc. (NYSE:THO)

Impact Capital Partners LLC acquired a new position in THOR Industries, Inc. (NYSE:THO) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,906 shares of the construction company’s stock, valued at approximately $470,000.

A number of other large investors have also recently made changes to their positions in the stock. ACR Alpine Capital Research LLC increased its holdings in THOR Industries by 40.6% in the 4th quarter. ACR Alpine Capital Research LLC now owns 2,142,966 shares of the construction company’s stock worth $205,103,000 after acquiring an additional 619,318 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in THOR Industries in the 4th quarter worth approximately $52,497,000. JPMorgan Chase & Co. increased its holdings 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 worth $165,078,000 after acquiring an additional 411,466 shares in the last quarter. Natixis Advisors LLC increased its holdings in THOR Industries by 51.3% in the 3rd quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company’s stock worth $55,486,000 after acquiring an additional 171,244 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in THOR Industries by 46.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 501,479 shares of the construction company’s stock worth $55,108,000 after acquiring an additional 159,022 shares in the last quarter. 96.71% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

THO has been the subject of several recent analyst reports. StockNews.com upgraded THOR Industries from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. Robert W. Baird dropped their price target on THOR Industries from $110.00 to $100.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Benchmark restated a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. DA Davidson dropped their price target on THOR Industries from $95.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Finally, Bank of America upgraded THOR Industries from a “neutral” rating to a “buy” rating and upped their price target for the stock from $110.00 to $125.00 in a research note on Monday, March 3rd. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $104.00.

THOR Industries Stock Down 2.1 %

Shares of THO opened at $76.76 on Friday. The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of 19.63, a price-to-earnings-growth ratio of 1.16 and a beta of 1.74. THOR Industries, Inc. has a 1 year low of $75.78 and a 1 year high of $118.85. The business’s 50 day simple moving average is $98.20 and its 200-day simple moving average is $103.30. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78.

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 the consensus estimate of $0.07 by ($0.08). The firm had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.98 billion. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The firm’s revenue was down 8.6% on a year-over-year basis. During the same period last year, the company earned $0.13 earnings per share. As a group, equities analysts expect that THOR Industries, Inc. will post 4.64 earnings per share for the current fiscal year.

THOR Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, January 6th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.61%. The ex-dividend date was Monday, January 6th. THOR Industries’s dividend payout ratio is currently 53.05%.

THOR Industries Company 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.