THOR Industries, Inc. (NYSE:THO) Shares Sold by Strata Wealth Advisors LLC

Strata Wealth Advisors LLC cut its position in THOR Industries, Inc. (NYSE:THO) by 74.1% in the first quarter, HoldingsChannel reports. The institutional investor owned 7,076 shares of the construction company’s stock after selling 20,260 shares during the period. Strata Wealth Advisors LLC’s holdings in THOR Industries were worth $830,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of THO. Mather Group LLC. purchased a new position in THOR Industries in the first quarter valued at $30,000. Parallel Advisors LLC boosted its holdings in THOR Industries by 70.8% in the fourth quarter. Parallel Advisors LLC now owns 292 shares of the construction company’s stock valued at $35,000 after purchasing an additional 121 shares during the period. GAMMA Investing LLC purchased a new position in THOR Industries in the fourth quarter valued at $47,000. Planned Solutions Inc. purchased a new position in THOR Industries in the fourth quarter valued at $62,000. Finally, Fifth Third Bancorp boosted its holdings in THOR Industries by 13.8% in the fourth quarter. Fifth Third Bancorp now owns 766 shares of the construction company’s stock valued at $91,000 after purchasing an additional 93 shares during the period. 96.71% of the stock is owned by institutional investors and hedge funds.

THOR Industries Stock Up 1.7 %

NYSE THO traded up $1.60 during trading on Friday, reaching $93.45. 898,365 shares of the company’s stock were exchanged, compared to its average volume of 578,524. The company has a 50 day moving average price of $97.65 and a two-hundred day moving average price of $108.22. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.74 and a current ratio of 1.65. THOR Industries, Inc. has a 1 year low of $84.54 and a 1 year high of $129.31. The stock has a market cap of $4.97 billion, a P/E ratio of 18.96 and a beta of 1.74.

THOR Industries (NYSE:THO) last posted its earnings results 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 return on equity of 7.07% and a net margin of 2.59%. The business had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.73 billion. During the same quarter in the previous year, the firm earned $2.24 earnings per share. The business’s revenue was down 4.4% compared to the same quarter last year. On average, equities research analysts anticipate that THOR Industries, Inc. will post 4.8 EPS for the current fiscal year.

THOR Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Wednesday, July 3rd will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Wednesday, July 3rd. THOR Industries’s dividend payout ratio (DPR) is currently 38.95%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Citigroup decreased their target price on THOR Industries from $120.00 to $113.00 and set a “buy” rating for the company in a report on Friday, June 7th. TheStreet downgraded THOR Industries from a “b-” rating to a “c+” rating in a report on Monday, March 18th. Robert W. Baird decreased their price target on THOR Industries from $120.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday, June 6th. Finally, Truist Financial decreased their price target on THOR Industries from $100.00 to $95.00 and set a “hold” rating for the company in a report on Thursday, June 6th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $102.00.

THOR Industries Company 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.