6,777 Shares in THOR Industries, Inc. (NYSE:THO) Purchased by Napatree Capital LLC

Napatree Capital LLC purchased a new stake in shares of THOR Industries, Inc. (NYSE:THO) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 6,777 shares of the construction company’s stock, valued at approximately $801,000.

Several other hedge funds and other institutional investors have also made changes to their positions in THO. Vanguard Group Inc. grew its holdings in shares of THOR Industries by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 5,295,044 shares of the construction company’s stock worth $626,139,000 after purchasing an additional 24,985 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of THOR Industries by 1.5% during the third quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,223,499 shares of the construction company’s stock worth $496,912,000 after acquiring an additional 79,595 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of THOR Industries by 3.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,634,436 shares of the construction company’s stock valued at $311,527,000 after acquiring an additional 81,840 shares in the last quarter. ACR Alpine Capital Research LLC boosted its holdings in shares of THOR Industries by 1.6% in the fourth quarter. ACR Alpine Capital Research LLC now owns 1,472,852 shares of the construction company’s stock valued at $174,165,000 after purchasing an additional 22,542 shares during the period. Finally, Pacer Advisors Inc. grew its stake in THOR Industries by 56.7% in the fourth quarter. Pacer Advisors Inc. now owns 725,667 shares of the construction company’s stock worth $85,810,000 after purchasing an additional 262,478 shares in the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

THOR Industries Price Performance

Shares of THO opened at $93.35 on Tuesday. The company has a 50 day moving average of $99.73 and a two-hundred day moving average of $109.18. The company has a quick ratio of 0.74, a current ratio of 1.65 and a debt-to-equity ratio of 0.30. THOR Industries, Inc. has a twelve month low of $84.54 and a twelve month high of $129.31. The company has a market cap of $4.98 billion, a price-to-earnings ratio of 18.94 and a beta of 1.74.

THOR Industries (NYSE:THO) last announced its earnings results on Wednesday, June 5th. The construction company reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.24. The company had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.73 billion. THOR Industries had a return on equity of 7.07% and a net margin of 2.59%. The firm’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the company posted $2.24 EPS. As a group, analysts predict that THOR Industries, Inc. will post 4.8 earnings per share for the current fiscal year.

THOR Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date was Monday, April 8th. THOR Industries’s dividend payout ratio (DPR) is presently 38.95%.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on THO shares. TheStreet lowered THOR Industries from a “b-” rating to a “c+” rating in a research note on Monday, March 18th. Truist Financial lowered their price target on shares of THOR Industries from $100.00 to $95.00 and set a “hold” rating for the company in a research report on Thursday, June 6th. Citigroup reduced their price objective on shares of THOR Industries from $120.00 to $113.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Finally, Robert W. Baird dropped their target price on THOR Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, June 6th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, THOR Industries has an average rating of “Moderate Buy” and a consensus target price of $102.00.

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.