THOR Industries, Inc. (NYSE:THO) Shares Acquired by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC increased its stake in shares of THOR Industries, Inc. (NYSE:THO) by 148.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,959 shares of the construction company’s stock after purchasing an additional 3,559 shares during the quarter. Schonfeld Strategic Advisors LLC’s holdings in THOR Industries were worth $570,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of THO. Atala Financial Inc purchased a new stake in shares of THOR Industries in the fourth quarter valued at about $27,000. First Horizon Advisors Inc. boosted its holdings in THOR Industries by 57.3% in the 4th quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock valued at $32,000 after purchasing an additional 121 shares in the last quarter. Brown Brothers Harriman & Co. increased its position in THOR Industries by 369.7% during the 4th quarter. Brown Brothers Harriman & Co. now owns 418 shares of the construction company’s stock worth $40,000 after purchasing an additional 329 shares during the period. Stonebridge Financial Group LLC purchased a new position in shares of THOR Industries during the 4th quarter worth approximately $51,000. Finally, Tortoise Investment Management LLC lifted its holdings in shares of THOR Industries by 78.3% in the 4th quarter. Tortoise Investment Management LLC now owns 576 shares of the construction company’s stock valued at $55,000 after buying an additional 253 shares during the period. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

THO has been the subject of several research analyst reports. KeyCorp cut their price objective on THOR Industries from $65.00 to $60.00 and set an “underweight” rating for the company in a research report on Thursday, April 17th. Baird R W cut shares of THOR Industries from a “strong-buy” rating to a “hold” rating in a research note on Friday, April 4th. DA Davidson upgraded shares of THOR Industries to a “hold” rating in a research report on Monday, April 14th. Robert W. Baird downgraded shares of THOR Industries from an “outperform” rating to a “neutral” rating and reduced their price target for the company from $100.00 to $85.00 in a research report on Friday, April 4th. Finally, StockNews.com upgraded THOR Industries from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $87.57.

THOR Industries Price Performance

Shares of NYSE:THO opened at $76.48 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71. The business’s fifty day moving average price is $75.17 and its two-hundred day moving average price is $93.45. The stock has a market cap of $4.07 billion, a PE ratio of 19.56, a price-to-earnings-growth ratio of 1.16 and a beta of 1.26. THOR Industries, Inc. has a one year low of $63.16 and a one year high of $118.85.

THOR Industries (NYSE:THO) last posted its quarterly earnings data on Wednesday, March 5th. The construction company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). The company had revenue of $2.02 billion for the quarter, compared to analysts’ expectations of $1.98 billion. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. The company’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.13 EPS. On average, analysts forecast that THOR Industries, Inc. will post 4.64 EPS for the current fiscal year.

THOR Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were paid a $0.50 dividend. The ex-dividend date was Tuesday, April 8th. This represents a $2.00 annualized dividend and a yield of 2.62%. THOR Industries’s payout ratio is currently 53.05%.

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.