Corebridge Financial Inc. Decreases Position in THOR Industries, Inc. (NYSE:THO)

Corebridge Financial Inc. cut its holdings in THOR Industries, Inc. (NYSE:THO) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 60,070 shares of the construction company’s stock after selling 2,823 shares during the period. Corebridge Financial Inc. owned approximately 0.11% of THOR Industries worth $5,749,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in shares of THOR Industries by 37.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock valued at $165,078,000 after acquiring an additional 411,466 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in THOR Industries by 1.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 611,890 shares of the construction company’s stock valued at $58,564,000 after purchasing an additional 10,455 shares during the last quarter. State Street Corp boosted its stake in shares of 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. Salvus Wealth Management LLC grew its holdings in shares of THOR Industries by 19.4% in 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 during the last quarter. Finally, Amundi increased its stake in shares of THOR Industries by 26.2% in the fourth quarter. Amundi now owns 4,354 shares of the construction company’s stock worth $415,000 after buying an additional 905 shares during the period. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. KeyCorp reissued an “underweight” rating and set a $65.00 price target on shares of THOR Industries in a research report on Thursday, March 20th. StockNews.com upgraded shares of THOR Industries from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. DA Davidson cut their target price on THOR Industries from $95.00 to $80.00 and set a “neutral” rating on the stock in a research note on Friday, March 7th. Truist Financial lowered their price target on THOR Industries from $110.00 to $90.00 and set a “hold” rating for the company in a research report on Thursday, March 6th. Finally, Benchmark reiterated a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned 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 Stock Down 4.7 %

Shares of NYSE:THO opened at $77.02 on Friday. The firm has a market capitalization of $4.10 billion, a P/E ratio of 19.70, a P/E/G ratio of 1.16 and a beta of 1.74. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71. The stock has a 50 day moving average price of $94.11 and a 200-day moving average price of $101.21. THOR Industries, Inc. has a 52-week low of $75.78 and a 52-week high of $118.85.

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

THOR Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date is Tuesday, April 8th. THOR Industries’s dividend payout ratio (DPR) is presently 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.