MetLife Investment Management LLC Sells 754 Shares of THOR Industries, Inc. (NYSE:THO)

Posted by Defense World Staff on Feb 26th, 2023

MetLife Investment Management LLC reduced its position in THOR Industries, Inc. (NYSE:THO – Get Rating) by 2.1% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,987 shares of the construction company’s stock after selling 754 shares during the period. MetLife Investment Management LLC owned 0.07% of THOR Industries worth $2,448,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of THOR Industries by 52.4% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 445 shares of the construction company’s stock valued at $33,000 after buying an additional 153 shares in the last quarter. CoreCap Advisors LLC bought a new stake in shares of THOR Industries in the 2nd quarter valued at about $36,000. Nomura Asset Management Co. Ltd. boosted its stake in THOR Industries by 30.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 640 shares of the construction company’s stock worth $45,000 after purchasing an additional 150 shares in the last quarter. Covestor Ltd boosted its stake in THOR Industries by 51.7% in the 1st quarter. Covestor Ltd now owns 725 shares of the construction company’s stock worth $57,000 after purchasing an additional 247 shares in the last quarter. Finally, Wipfli Financial Advisors LLC acquired a new stake in THOR Industries in the 3rd quarter worth approximately $68,000. 98.68% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on THO shares. Truist Financial raised their price target on shares of THOR Industries from $70.00 to $80.00 in a research report on Friday, February 17th. DA Davidson raised shares of THOR Industries from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $65.00 to $85.00 in a research report on Monday, January 9th. Finally, Citigroup raised their price target on shares of THOR Industries from $87.00 to $94.00 and gave the stock a “neutral” rating in a research report on Friday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $81.63.

THOR Industries Price Performance

NYSE:THO opened at $92.11 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.85 and a quick ratio of 0.70. The firm has a market cap of $4.93 billion, a price-to-earnings ratio of 4.90 and a beta of 1.78. The company has a 50 day moving average price of $88.39 and a 200-day moving average price of $83.61. THOR Industries, Inc. has a 1-year low of $66.26 and a 1-year high of $105.36.

THOR Industries (NYSE:THO – Get Rating) last posted its earnings results on Wednesday, December 7th. The construction company reported $2.53 earnings per share for the quarter, beating the consensus estimate of $2.09 by $0.44. The firm had revenue of $3.11 billion during the quarter, compared to analyst estimates of $3.12 billion. THOR Industries had a net margin of 6.67% and a return on equity of 29.59%. Equities research analysts forecast that THOR Industries, Inc. will post 7.43 EPS for the current year.

THOR Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 13th. Stockholders of record on Friday, December 30th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 1.95%. The ex-dividend date of this dividend was Thursday, December 29th. THOR Industries’s dividend payout ratio (DPR) is 9.58%.

About THOR Industries

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Thor Industries, Inc engages in the manufacture and sale of recreational vehicles. It operates through the following segments: North American Towable Recreational Vehicles, North American Motorized Recreational Vehicles, and European Recreational Vehicles. The North American Towable Recreational Vehicles segment includes operating entities such as Airstream, Heartland, Jayco, Keystone, and KZ.