Callan Family Office LLC Takes Position in THOR Industries, Inc. (NYSE:THO)

Callan Family Office LLC purchased a new stake in THOR Industries, Inc. (NYSE:THO) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 2,673 shares of the construction company’s stock, valued at approximately $256,000.

Other large investors have also modified their holdings of the company. Van ECK Associates Corp bought a new position in shares of THOR Industries during the 3rd quarter worth approximately $32,000. First Horizon Advisors Inc. raised its stake in shares of THOR Industries by 57.3% during the 4th quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock worth $32,000 after acquiring an additional 121 shares in the last quarter. Brooklyn Investment Group bought a new position in shares of THOR Industries during the 3rd quarter worth approximately $38,000. Anchor Investment Management LLC bought a new position in shares of THOR Industries during the 3rd quarter worth approximately $58,000. Finally, Stonebridge Financial Group LLC bought a new position in shares of THOR Industries during the 4th quarter worth approximately $51,000. Institutional investors own 96.71% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. 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 note on Thursday, March 6th. Truist Financial reduced their price objective on shares of THOR Industries from $110.00 to $90.00 and set a “hold” rating for the company in a research note on Thursday, March 6th. Bank of America raised shares of THOR Industries from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $110.00 to $125.00 in a research report on Monday, March 3rd. StockNews.com raised shares of THOR Industries from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. Finally, Benchmark reissued a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, THOR Industries currently has an average rating of “Moderate Buy” and a consensus price target of $104.00.

THOR Industries Stock Down 3.7 %

NYSE:THO opened at $79.05 on Wednesday. The company’s 50 day moving average is $98.55 and its two-hundred day moving average is $103.48. The company has a market cap of $4.21 billion, a PE ratio of 20.22, a P/E/G ratio of 1.16 and a beta of 1.74. 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 twelve month low of $77.11 and a twelve 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 business had revenue of $2.02 billion during 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 firm’s revenue was down 8.6% on a year-over-year basis. During the same period last year, the company earned $0.13 earnings per share. Analysts anticipate that THOR Industries, Inc. will post 4.64 EPS for the current year.

THOR Industries Announces Dividend

The firm 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. This represents a $2.00 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend was Monday, January 6th. THOR Industries’s dividend payout ratio (DPR) is currently 53.05%.

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.