Eagle Ridge Investment Management Sells 132 Shares of THOR Industries, Inc. (NYSE:THO)

Eagle Ridge Investment Management cut its holdings in THOR Industries, Inc. (NYSE:THO) by 0.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 104,708 shares of the construction company’s stock after selling 132 shares during the period. Eagle Ridge Investment Management owned about 0.20% of THOR Industries worth $12,286,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Choreo LLC increased its stake 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 acquiring an additional 53,263 shares during the last quarter. Madison Asset Management LLC increased its position in shares of THOR Industries by 3.0% during the 4th quarter. Madison Asset Management LLC now owns 406,413 shares of the construction company’s stock valued at $48,058,000 after purchasing an additional 11,814 shares during the last quarter. ACR Alpine Capital Research LLC raised its holdings in THOR Industries by 1.6% during the 4th quarter. ACR Alpine Capital Research LLC now owns 1,472,852 shares of the construction company’s stock valued at $174,165,000 after buying an additional 22,542 shares during the period. ARGA Investment Management LP bought a new stake in THOR Industries in the first quarter worth $1,046,000. Finally, Reinhart Partners LLC. boosted 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 buying an additional 13,849 shares during the period. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

THOR Industries Trading Up 1.6 %

THOR Industries stock traded up $1.51 during trading hours on Tuesday, hitting $93.53. The company had a trading volume of 478,768 shares, compared to its average volume of 485,540. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.74 and a current ratio of 1.65. The firm has a market cap of $4.98 billion, a P/E ratio of 19.06 and a beta of 1.72. The company has a 50-day moving average price of $97.47 and a two-hundred day moving average price of $108.03. THOR Industries, Inc. has a 1 year low of $84.54 and a 1 year high of $129.31.

THOR Industries (NYSE:THO) last announced its quarterly earnings results on Wednesday, June 5th. The construction company reported $2.13 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.73 billion. During the same quarter in the previous year, the business earned $2.24 earnings per share. THOR Industries’s quarterly revenue was down 4.4% on a year-over-year basis. On average, sell-side analysts anticipate that THOR Industries, Inc. will post 4.8 earnings per share for the current year.

THOR Industries Announces Dividend

The company also recently declared 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 payout ratio is 38.95%.

Analysts Set New Price Targets

THO has been the topic of several recent analyst reports. Robert W. Baird reduced their target price on shares of THOR Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, June 6th. Citigroup reduced their price objective on shares of THOR Industries from $120.00 to $113.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Truist Financial dropped their target price on THOR Industries from $100.00 to $95.00 and set a “hold” rating for the company in a research report on Thursday, June 6th. Finally, TheStreet downgraded THOR Industries from a “b-” rating to a “c+” rating in a report on Monday, March 18th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, THOR Industries currently has a consensus rating of “Moderate Buy” and an average price target 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.