THOR Industries, Inc. (NYSE:THO) Shares Acquired by Tortoise Investment Management LLC

Tortoise Investment Management LLC grew its position in shares of THOR Industries, Inc. (NYSE:THO) by 78.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 576 shares of the construction company’s stock after buying an additional 253 shares during the period. Tortoise Investment Management LLC’s holdings in THOR Industries were worth $55,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the company. Venturi Wealth Management LLC grew its position in THOR Industries by 1.7% during the fourth quarter. Venturi Wealth Management LLC now owns 6,312 shares of the construction company’s stock valued at $604,000 after buying an additional 108 shares during the period. Sanctuary Advisors LLC boosted its stake in shares of THOR Industries by 0.5% during the 4th quarter. Sanctuary Advisors LLC now owns 21,614 shares of the construction company’s stock worth $2,278,000 after acquiring an additional 113 shares in the last quarter. Blue Trust Inc. grew its position in shares of THOR Industries by 22.1% during the 4th quarter. Blue Trust Inc. now owns 669 shares of the construction company’s stock valued at $64,000 after acquiring an additional 121 shares during the period. First Horizon Advisors Inc. increased its stake in shares of THOR Industries by 57.3% in the 4th quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock valued at $32,000 after purchasing an additional 121 shares in the last quarter. Finally, Crossmark Global Holdings Inc. raised its holdings in THOR Industries by 7.6% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,419 shares of the construction company’s stock worth $375,000 after purchasing an additional 242 shares during the period. 96.71% of the stock is currently owned by institutional investors and hedge funds.

THOR Industries Price Performance

THOR Industries stock opened at $79.05 on Wednesday. The company has a fifty day simple moving average of $98.55 and a 200-day simple moving average of $103.48. The firm has a market capitalization of $4.21 billion, a price-to-earnings ratio of 20.22, 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. THOR Industries, Inc. has a 52-week low of $77.11 and a 52-week high of $118.85.

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

THOR Industries Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, January 6th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.00 dividend on an annualized basis and a yield of 2.53%. THOR Industries’s payout ratio is 53.05%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Robert W. Baird dropped their price objective on THOR Industries from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Thursday, March 6th. Bank of America raised shares of THOR Industries from a “neutral” rating to a “buy” rating and lifted their price target for the company from $110.00 to $125.00 in a research note on Monday, March 3rd. BMO Capital Markets reduced their price objective on shares of THOR Industries from $120.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. Finally, StockNews.com raised shares of THOR Industries from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, THOR Industries has an average rating of “Moderate Buy” and an average target price of $104.00.

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.