THOR Industries, Inc. (NYSE:THO) Holdings Cut by Natixis

Posted by Defense World Staff on Jun 10th, 2023

Natixis cut its stake in shares of THOR Industries, Inc. (NYSE:THO – Get Rating) by 32.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,300 shares of the construction company’s stock after selling 27,700 shares during the quarter. Natixis owned approximately 0.11% of THOR Industries worth $4,401,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Raymond James Financial Services Advisors Inc. increased its position in THOR Industries by 14.9% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 10,954 shares of the construction company’s stock worth $862,000 after buying an additional 1,423 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in THOR Industries by 11.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 6,174 shares of the construction company’s stock valued at $486,000 after purchasing an additional 629 shares during the last quarter. Private Advisor Group LLC boosted its stake in THOR Industries by 20.9% during the 1st quarter. Private Advisor Group LLC now owns 7,616 shares of the construction company’s stock valued at $599,000 after purchasing an additional 1,319 shares during the period. Citigroup Inc. grew its position in THOR Industries by 39.3% in the 1st quarter. Citigroup Inc. now owns 29,220 shares of the construction company’s stock worth $2,300,000 after purchasing an additional 8,241 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of THOR Industries in the first quarter valued at approximately $1,068,000. 98.68% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. StockNews.com initiated coverage on THOR Industries in a research report on Thursday, May 18th. They set a “hold” rating for the company. DA Davidson boosted their price target on THOR Industries from $72.00 to $85.00 in a research report on Thursday. BMO Capital Markets raised their price target on THOR Industries from $105.00 to $115.00 in a report on Wednesday. Robert W. Baird upped their price objective on shares of THOR Industries from $95.00 to $110.00 in a report on Wednesday. Finally, Roth Capital reissued a “neutral” rating on shares of THOR Industries in a research note on Tuesday, March 7th. Eight research analysts have rated the stock with a hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $93.33.

THOR Industries Price Performance

Shares of NYSE THO opened at $93.51 on Friday. THOR Industries, Inc. has a twelve month low of $67.09 and a twelve month high of $105.36. The company has a current ratio of 1.79, a quick ratio of 0.68 and a debt-to-equity ratio of 0.42. The firm has a 50-day moving average of $80.58 and a two-hundred day moving average of $84.21. The company has a market capitalization of $4.99 billion, a price-to-earnings ratio of 8.97 and a beta of 1.76.

THOR Industries (NYSE:THO – Get Rating) last released its earnings results on Tuesday, June 6th. The construction company reported $2.24 EPS for the quarter, beating the consensus estimate of $1.07 by $1.17. The business had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.81 billion. THOR Industries had a net margin of 4.63% and a return on equity of 15.13%. The business’s quarterly revenue was down 37.1% on a year-over-year basis. During the same period in the prior year, the business earned $6.32 earnings per share. As a group, analysts expect that THOR Industries, Inc. will post 6.18 earnings per share for the current fiscal year.

THOR Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 26th. Investors of record on Wednesday, April 12th were issued a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend was Tuesday, April 11th. THOR Industries’s payout ratio is 17.27%.

THOR Industries Company Profile

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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.