Deutsche Bank AG Has $15.67 Million Stock Position in THOR Industries, Inc. (NYSE:THO)

Deutsche Bank AG reduced its holdings in THOR Industries, Inc. (NYSE:THO) by 1.2% in the 4th quarter, HoldingsChannel reports. The fund owned 163,698 shares of the construction company’s stock after selling 1,976 shares during the period. Deutsche Bank AG’s holdings in THOR Industries were worth $15,668,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Atala Financial Inc acquired a new position in THOR Industries in the 4th quarter valued at approximately $27,000. First Horizon Advisors Inc. increased its position 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 acquiring an additional 121 shares during the period. Brown Brothers Harriman & Co. increased its position in THOR Industries by 369.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 418 shares of the construction company’s stock valued at $40,000 after acquiring an additional 329 shares during the period. Stonebridge Financial Group LLC acquired a new stake in shares of THOR Industries during the fourth quarter worth $51,000. Finally, Tortoise Investment Management LLC increased its position in shares of THOR Industries by 78.3% during the fourth quarter. Tortoise Investment Management LLC now owns 576 shares of the construction company’s stock worth $55,000 after buying an additional 253 shares during the period. 96.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

THO has been the subject of several recent analyst reports. StockNews.com upgraded shares of THOR Industries from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. KeyCorp decreased their price objective on shares of THOR Industries from $65.00 to $60.00 and set an “underweight” rating for the company in a research report on Thursday, April 17th. DA Davidson upgraded shares of THOR Industries to a “hold” rating in a research report on Monday, April 14th. Truist Financial decreased their price objective on shares of THOR Industries from $90.00 to $72.00 and set a “hold” rating for the company in a research report on Monday, April 14th. Finally, Citigroup cut shares of THOR Industries from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $94.00 to $86.00 in a research report on Wednesday, March 19th. One 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 stock has an average rating of “Hold” and a consensus target price of $87.57.

THOR Industries Trading Down 0.2%

NYSE:THO opened at $81.37 on Friday. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of 20.81, a PEG ratio of 1.16 and a beta of 1.26. The firm has a fifty day simple moving average of $74.97 and a two-hundred day simple moving average of $92.80. THOR Industries, Inc. has a 12 month low of $63.16 and a 12 month high of $118.85.

THOR Industries (NYSE:THO) last posted its quarterly earnings results 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 during the quarter, compared to analyst estimates 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 previous year, the business posted $0.13 earnings per share. Analysts expect that THOR Industries, Inc. will post 4.64 EPS for the current fiscal year.

THOR Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.46%. The ex-dividend date of this dividend was Tuesday, April 8th. THOR Industries’s dividend payout ratio (DPR) is 53.05%.

THOR Industries 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.