Heartland Advisors Inc. Acquires 62,149 Shares of THOR Industries, Inc. (NYSE:THO)

Heartland Advisors Inc. boosted its holdings in shares of THOR Industries, Inc. (NYSE:THO) by 83.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 136,236 shares of the construction company’s stock after buying an additional 62,149 shares during the quarter. Heartland Advisors Inc. owned approximately 0.26% of THOR Industries worth $13,039,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. ACR Alpine Capital Research LLC grew its position in shares of THOR Industries by 40.6% during the 4th quarter. ACR Alpine Capital Research LLC now owns 2,142,966 shares of the construction company’s stock valued at $205,103,000 after acquiring an additional 619,318 shares during the period. State Street Corp grew its holdings in THOR Industries by 2.1% during the third quarter. State Street Corp now owns 1,624,002 shares of the construction company’s stock valued at $178,462,000 after purchasing an additional 33,619 shares during the period. JPMorgan Chase & Co. increased its position in THOR Industries by 37.7% in the third quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock worth $165,078,000 after buying an additional 411,466 shares in the last quarter. Madison Investment Advisors LLC bought a new position in shares of THOR Industries in the fourth quarter worth about $95,688,000. Finally, American Century Companies Inc. lifted its position in shares of THOR Industries by 8.7% during the 4th quarter. American Century Companies Inc. now owns 939,146 shares of the construction company’s stock valued at $89,886,000 after buying an additional 75,304 shares in the last quarter. 96.71% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have commented on THO. Robert W. Baird decreased their target price on shares of THOR Industries from $110.00 to $100.00 and set an “outperform” rating on the stock in a research note on Thursday, March 6th. Truist Financial decreased 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 report on Thursday, March 6th. BMO Capital Markets dropped their target price on shares of THOR Industries from $120.00 to $105.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. DA Davidson decreased their price target on THOR Industries from $95.00 to $80.00 and set a “neutral” rating on the stock in a report on Friday, March 7th. Finally, Citigroup lowered 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 research note on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $93.00.

THOR Industries Trading Up 0.9 %

Shares of THOR Industries stock opened at $80.77 on Friday. THOR Industries, Inc. has a twelve month low of $75.78 and a twelve month high of $118.85. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. The business has a 50-day moving average price of $94.61 and a 200-day moving average price of $101.36. The firm has a market cap of $4.30 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 1.16 and a beta of 1.74.

THOR Industries (NYSE:THO) last released 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). The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.98 billion. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The business’s revenue was down 8.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.13 EPS. Equities research analysts anticipate that THOR Industries, Inc. will post 4.64 EPS for the current fiscal year.

THOR Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be given a $0.50 dividend. The ex-dividend date is Tuesday, April 8th. This represents a $2.00 annualized dividend and a yield of 2.48%. 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.