Royal London Asset Management Ltd. Lowers Stock Holdings in THOR Industries, Inc. (NYSE:THO)

Royal London Asset Management Ltd. cut its holdings in THOR Industries, Inc. (NYSE:THO) by 4.7% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 3,030,951 shares of the construction company’s stock after selling 148,295 shares during the period. THOR Industries accounts for about 1.0% of Royal London Asset Management Ltd.’s holdings, making the stock its 18th biggest position. Royal London Asset Management Ltd. owned 5.68% of THOR Industries worth $358,410,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Choreo LLC increased its position in THOR Industries by 23.3% during the fourth quarter. Choreo LLC now owns 282,102 shares of the construction company’s stock worth $33,494,000 after purchasing an additional 53,263 shares during the last quarter. Madison Asset Management LLC boosted its holdings in THOR Industries by 3.0% in the fourth quarter. Madison Asset Management LLC now owns 406,413 shares of the construction company’s stock valued at $48,058,000 after acquiring an additional 11,814 shares during the last quarter. ACR Alpine Capital Research LLC grew its position in THOR Industries by 1.6% during 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 acquiring an additional 22,542 shares during the period. Gotham Asset Management LLC increased its stake 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 worth $5,746,000 after acquiring an additional 29,796 shares during the last quarter. Finally, Reinhart Partners LLC. increased its stake in THOR Industries by 4.9% during the fourth quarter. Reinhart Partners LLC. now owns 296,045 shares of the construction company’s stock worth $35,007,000 after acquiring an additional 13,849 shares during the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

THOR Industries Stock Down 3.1 %

Shares of NYSE THO traded down $2.94 during trading on Friday, reaching $91.50. 630,002 shares of the stock were exchanged, compared to its average volume of 539,024. The company has a market capitalization of $4.88 billion, a price-to-earnings ratio of 18.56 and a beta of 1.74. The business’s 50-day moving average price is $100.11 and its 200 day moving average price is $109.16. 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.

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

THOR Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Monday, April 8th. This represents a $1.92 annualized dividend and a yield of 2.10%. THOR Industries’s dividend payout ratio is presently 38.95%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on THO. Truist Financial decreased their target price on THOR Industries from $100.00 to $95.00 and set a “hold” rating for the company in a report on Thursday, June 6th. Robert W. Baird decreased their price objective on shares of THOR Industries from $120.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, June 6th. Citigroup cut their target price on shares of THOR Industries from $120.00 to $113.00 and set a “buy” rating on the stock in a research note on Friday, June 7th. Finally, TheStreet lowered shares of THOR Industries from a “b-” rating to a “c+” rating in a report on Monday, March 18th. 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 currently has an average rating of “Moderate Buy” and an average 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.