Retirement Systems of Alabama Increases Holdings in THOR Industries, Inc. (NYSE:THO)

Retirement Systems of Alabama lifted its position in THOR Industries, Inc. (NYSE:THO) by 0.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 66,727 shares of the construction company’s stock after buying an additional 165 shares during the period. Retirement Systems of Alabama owned approximately 0.13% of THOR Industries worth $7,890,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of THO. Jump Financial LLC purchased a new position in THOR Industries in the third quarter worth about $489,000. Gotham Asset Management LLC grew its position in THOR Industries by 97.4% during the third quarter. Gotham Asset Management LLC now owns 60,403 shares of the construction company’s stock valued at $5,746,000 after buying an additional 29,796 shares during the period. Reinhart Partners LLC. increased its holdings in THOR Industries by 4.9% during the fourth quarter. Reinhart Partners LLC. now owns 296,045 shares of the construction company’s stock valued at $35,007,000 after buying an additional 13,849 shares during the last quarter. Algert Global LLC raised its position in THOR Industries by 42.4% in the third quarter. Algert Global LLC now owns 48,237 shares of the construction company’s stock worth $4,589,000 after acquiring an additional 14,365 shares during the period. Finally, Strata Wealth Advisors LLC purchased a new position in shares of THOR Industries during the 4th quarter worth $3,232,000. Institutional investors own 96.71% of the company’s stock.

THOR Industries Trading Up 1.3 %

THO stock opened at $99.97 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.75 and a quick ratio of 0.65. THOR Industries, Inc. has a 1-year low of $75.93 and a 1-year high of $129.31. The business has a 50 day simple moving average of $108.80 and a two-hundred day simple moving average of $108.15. The company has a market capitalization of $5.33 billion, a price-to-earnings ratio of 19.84 and a beta of 1.80.

THOR Industries (NYSE:THO) last issued its earnings results on Wednesday, March 6th. The construction company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.54). The company had revenue of $2.21 billion for the quarter, compared to the consensus estimate of $2.27 billion. THOR Industries had a return on equity of 7.28% and a net margin of 2.62%. THOR Industries’s revenue was down 5.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.50 EPS. Research analysts anticipate that THOR Industries, Inc. will post 5.37 EPS for the current fiscal year.

THOR Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 1.92%. The ex-dividend date of this dividend was Monday, April 8th. THOR Industries’s payout ratio is presently 38.10%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Truist Financial raised their target price on THOR Industries from $96.00 to $105.00 and gave the stock a “hold” rating in a report on Tuesday, January 9th. TheStreet downgraded THOR Industries from a “b-” rating to a “c+” rating in a research note on Monday, March 18th. Robert W. Baird boosted their price objective on THOR Industries from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Thursday, March 7th. Finally, Citigroup raised shares of THOR Industries from a “neutral” rating to a “buy” rating and increased their target price for the stock from $111.00 to $122.00 in a report on Friday, March 15th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, THOR Industries has a consensus rating of “Moderate Buy” and a consensus price target of $104.00.

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.