THOR Industries, Inc. (NYSE:THO) Shares Acquired by ACR Alpine Capital Research LLC

ACR Alpine Capital Research LLC lifted its holdings in shares of THOR Industries, Inc. (NYSE:THO) by 1.6% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,472,852 shares of the construction company’s stock after acquiring an additional 22,542 shares during the period. THOR Industries accounts for approximately 5.9% of ACR Alpine Capital Research LLC’s portfolio, making the stock its 9th biggest holding. ACR Alpine Capital Research LLC’s holdings in THOR Industries were worth $174,165,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Palestra Capital Management LLC bought a new position in shares of THOR Industries in the third quarter valued at $68,187,000. Pacer Advisors Inc. increased its holdings in shares of THOR Industries by 56.7% in the fourth quarter. Pacer Advisors Inc. now owns 725,667 shares of the construction company’s stock valued at $85,810,000 after buying an additional 262,478 shares in the last quarter. Choreo LLC increased its holdings in shares of THOR Industries by 5,082.0% in the third quarter. Choreo LLC now owns 228,839 shares of the construction company’s stock valued at $21,769,000 after buying an additional 224,423 shares in the last quarter. Vanguard Group Inc. raised its stake in THOR Industries by 4.1% during the 3rd quarter. Vanguard Group Inc. now owns 5,270,059 shares of the construction company’s stock valued at $501,341,000 after purchasing an additional 208,343 shares during the period. Finally, Envestnet Asset Management Inc. raised its stake in THOR Industries by 50.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 592,366 shares of the construction company’s stock valued at $56,352,000 after purchasing an additional 198,982 shares during the period. 96.71% of the stock is currently owned by institutional investors and hedge funds.

THOR Industries Stock Up 1.0 %

Shares of NYSE THO traded up $1.04 during mid-day trading on Tuesday, reaching $101.77. The company had a trading volume of 194,619 shares, compared to its average volume of 463,688. THOR Industries, Inc. has a twelve month low of $75.93 and a twelve month high of $129.31. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.65 and a current ratio of 1.75. The stock has a market capitalization of $5.43 billion, a PE ratio of 19.99 and a beta of 1.80. The stock’s 50 day moving average is $108.29 and its 200-day moving average is $108.44.

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

THOR Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Monday, April 8th. THOR Industries’s payout ratio is 38.10%.

Wall Street Analysts Forecast Growth

THO has been the topic of several recent analyst reports. Citigroup raised shares of THOR Industries from a “neutral” rating to a “buy” rating and boosted their target price for the company from $111.00 to $122.00 in a research note on Friday, March 15th. Truist Financial boosted their target price on shares of THOR Industries from $96.00 to $105.00 and gave the company a “hold” rating in a research note on Tuesday, January 9th. Robert W. Baird boosted their target price on shares of THOR Industries from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Finally, TheStreet downgraded shares of THOR Industries from a “b-” rating to a “c+” rating in a research note on Monday, March 18th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $104.00.

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.