Wealthfront Advisers LLC Invests $1.01 Million in THOR Industries, Inc. (NYSE:THO)

Wealthfront Advisers LLC purchased a new position in THOR Industries, Inc. (NYSE:THO) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 10,510 shares of the construction company’s stock, valued at approximately $1,006,000.

A number of other large investors have also recently made changes to their positions in the stock. Tortoise Investment Management LLC boosted its holdings in shares of THOR Industries by 78.3% in the fourth quarter. Tortoise Investment Management LLC now owns 576 shares of the construction company’s stock worth $55,000 after acquiring an additional 253 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in THOR Industries by 14.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 13,590 shares of the construction company’s stock valued at $1,301,000 after buying an additional 1,706 shares during the period. AlphaQuest LLC bought a new stake in THOR Industries during the fourth quarter valued at $369,000. Amundi boosted its stake in THOR Industries by 26.2% during the fourth quarter. Amundi now owns 4,354 shares of the construction company’s stock valued at $415,000 after buying an additional 905 shares during the period. Finally, Callan Family Office LLC bought a new stake in THOR Industries during the fourth quarter valued at $256,000. 96.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

THO has been the subject of several research analyst reports. DA Davidson dropped their price objective on THOR Industries from $95.00 to $80.00 and set a “neutral” rating for the company in a research note on Friday, March 7th. Robert W. Baird dropped their price objective on THOR Industries from $110.00 to $100.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. StockNews.com raised THOR Industries from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. Benchmark restated a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. Finally, BMO Capital Markets lowered their price target on THOR Industries from $120.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $104.00.

THOR Industries Stock Up 4.9 %

THO opened at $80.55 on Friday. The company has a market cap of $4.29 billion, a P/E ratio of 20.60, a P/E/G ratio of 1.16 and a beta of 1.74. The business’s 50-day moving average price is $97.52 and its 200-day moving average price is $102.89. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26. THOR Industries, Inc. has a 12 month low of $75.78 and a 12 month high of $118.85.

THOR Industries (NYSE:THO) last released its quarterly earnings data on Wednesday, March 5th. The construction company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.08). The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.98 billion. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The firm’s quarterly revenue was down 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.13 EPS. On average, equities analysts expect that THOR Industries, Inc. will post 4.64 EPS for the current year.

THOR Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, January 6th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.00 annualized dividend and a dividend yield of 2.48%. THOR Industries’s dividend payout ratio is currently 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.