Frazier Financial Advisors LLC Has $871,000 Stock Holdings in THOR Industries, Inc. (NYSE:THO)

Frazier Financial Advisors LLC grew its position in THOR Industries, Inc. (NYSE:THO) by 22.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,234 shares of the construction company’s stock after acquiring an additional 1,719 shares during the quarter. THOR Industries accounts for about 0.7% of Frazier Financial Advisors LLC’s holdings, making the stock its 20th largest position. Frazier Financial Advisors LLC’s holdings in THOR Industries were worth $871,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of THO. JPMorgan Chase & Co. boosted its stake in THOR Industries by 37.7% during 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. Charles Schwab Investment Management Inc. increased its holdings in shares of THOR Industries by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 611,890 shares of the construction company’s stock worth $58,564,000 after buying an additional 10,455 shares in the last quarter. State Street Corp raised its holdings in shares of THOR Industries by 2.1% in the third quarter. State Street Corp now owns 1,624,002 shares of the construction company’s stock valued at $178,462,000 after buying an additional 33,619 shares during the last quarter. Salvus Wealth Management LLC lifted its position in shares of THOR Industries by 19.4% during the fourth quarter. Salvus Wealth Management LLC now owns 42,168 shares of the construction company’s stock worth $4,036,000 after purchasing an additional 6,838 shares in the last quarter. Finally, Amundi lifted its holdings in THOR Industries by 26.2% during the 4th quarter. Amundi now owns 4,354 shares of the construction company’s stock worth $415,000 after buying an additional 905 shares in the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

THOR Industries Price Performance

Shares of NYSE THO opened at $80.77 on Friday. The company has a market capitalization of $4.30 billion, a PE ratio of 20.66, a PEG ratio of 1.16 and a beta of 1.74. 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 stock’s 50 day moving average price is $94.61 and its 200-day moving average price is $101.36. THOR Industries, Inc. has a twelve month low of $75.78 and a twelve month high of $118.85.

THOR Industries (NYSE:THO) last announced its earnings results 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 business had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.98 billion. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The company’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.13 earnings per share. On average, equities analysts anticipate that THOR Industries, Inc. will post 4.64 EPS for the current year.

THOR Industries Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.48%. The ex-dividend date is Tuesday, April 8th. THOR Industries’s payout ratio is 53.05%.

Wall Street Analyst Weigh In

THO has been the subject of a number of recent analyst reports. Truist Financial dropped their price objective on THOR Industries from $110.00 to $90.00 and set a “hold” rating for the company in a report on Thursday, March 6th. Citigroup cut THOR Industries from a “buy” rating to a “neutral” rating and cut their target price for the company from $94.00 to $86.00 in a research note on Wednesday, March 19th. KeyCorp reaffirmed an “underweight” rating and issued a $65.00 target price on shares of THOR Industries in a research report on Thursday, March 20th. Robert W. Baird cut their price target on shares of THOR Industries from $110.00 to $100.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Finally, StockNews.com raised THOR Industries from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $93.00.

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.