Cullen Investment Group LTD. Purchases Shares of 2,865 THOR Industries, Inc. (NYSE:THO)

Cullen Investment Group LTD. purchased a new stake in THOR Industries, Inc. (NYSE:THO) in the 4th quarter, HoldingsChannel.com reports. The fund purchased 2,865 shares of the construction company’s stock, valued at approximately $339,000.

Several other large investors have also recently added to or reduced their stakes in the company. LVW Advisors LLC raised its holdings in THOR Industries by 2.1% in the 4th quarter. LVW Advisors LLC now owns 4,430 shares of the construction company’s stock valued at $524,000 after acquiring an additional 91 shares in the last quarter. Fifth Third Bancorp raised its holdings in THOR Industries by 13.8% in the 4th quarter. Fifth Third Bancorp now owns 766 shares of the construction company’s stock valued at $91,000 after acquiring an additional 93 shares in the last quarter. State of Michigan Retirement System raised its holdings in THOR Industries by 0.8% in the 4th quarter. State of Michigan Retirement System now owns 12,818 shares of the construction company’s stock valued at $1,516,000 after acquiring an additional 100 shares in the last quarter. Macquarie Group Ltd. raised its holdings in THOR Industries by 3.9% in the 2nd quarter. Macquarie Group Ltd. now owns 3,028 shares of the construction company’s stock valued at $227,000 after acquiring an additional 113 shares in the last quarter. Finally, Money Concepts Capital Corp raised its holdings in shares of THOR Industries by 1.3% in the 4th quarter. Money Concepts Capital Corp now owns 10,545 shares of the construction company’s stock worth $796,000 after buying an additional 131 shares in the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Robert W. Baird increased their target price on THOR Industries from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Truist Financial increased their target price on THOR Industries from $96.00 to $105.00 and gave the stock a “hold” rating in a report on Tuesday, January 9th. TheStreet cut THOR Industries from a “b-” rating to a “c+” rating in a report on Monday, March 18th. Finally, Citigroup raised THOR Industries from a “neutral” rating to a “buy” rating and increased their target price for the stock from $111.00 to $122.00 in a report on Friday, March 15th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $104.00.

THOR Industries Trading Down 0.5 %

THO stock opened at $102.66 on Tuesday. The business has a fifty day moving average price of $114.04 and a 200 day moving average price of $107.59. THOR Industries, Inc. has a fifty-two week low of $74.50 and a fifty-two week high of $129.31. The stock has a market capitalization of $5.47 billion, a price-to-earnings ratio of 20.37 and a beta of 1.78. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.75 and a quick ratio of 0.65.

THOR Industries (NYSE:THO) last released its quarterly earnings results on Wednesday, March 6th. The construction company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.54). THOR Industries had a net margin of 2.62% and a return on equity of 7.28%. The business had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same period in the prior year, the business earned $0.50 earnings per share. The company’s revenue for the quarter was down 5.9% on a year-over-year basis. Analysts expect that THOR Industries, Inc. will post 5.37 EPS for the current fiscal year.

THOR Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, April 8th. This represents a $1.92 dividend on an annualized basis and a yield of 1.87%. THOR Industries’s dividend payout ratio is 38.10%.

Insider Activity at THOR Industries

In other THOR Industries news, COO W. Todd Woelfer sold 3,333 shares of the stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $115.00, for a total value of $383,295.00. Following the transaction, the chief operating officer now directly owns 98,347 shares in the company, valued at approximately $11,309,905. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 4.70% of the company’s stock.

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.