Ethic Inc. Acquires New Stake in THOR Industries, Inc. (NYSE:THO)

Ethic Inc. acquired a new stake in THOR Industries, Inc. (NYSE:THO) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,845 shares of the construction company’s stock, valued at approximately $272,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Fifth Third Wealth Advisors LLC grew its holdings in THOR Industries by 30.9% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 2,421 shares of the construction company’s stock worth $232,000 after acquiring an additional 571 shares during the period. Inspire Investing LLC grew its stake in shares of THOR Industries by 9.2% in the 4th quarter. Inspire Investing LLC now owns 4,625 shares of the construction company’s stock valued at $443,000 after buying an additional 388 shares during the period. First Citizens Bank & Trust Co. grew its stake in shares of THOR Industries by 19.2% in the 4th quarter. First Citizens Bank & Trust Co. now owns 2,302 shares of the construction company’s stock valued at $220,000 after buying an additional 371 shares during the period. Novare Capital Management LLC grew its stake in shares of THOR Industries by 1.9% in the 4th quarter. Novare Capital Management LLC now owns 102,525 shares of the construction company’s stock valued at $9,813,000 after buying an additional 1,893 shares during the period. Finally, Blue Trust Inc. grew its stake in shares of THOR Industries by 22.1% in the 4th quarter. Blue Trust Inc. now owns 669 shares of the construction company’s stock valued at $64,000 after buying an additional 121 shares during the period. 96.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Bank of America upgraded THOR Industries from a “neutral” rating to a “buy” rating and raised their target price for the company from $110.00 to $125.00 in a research note on Monday, March 3rd. StockNews.com raised shares of THOR Industries from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. Baird R W cut shares of THOR Industries from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 4th. Robert W. Baird cut shares of THOR Industries from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $100.00 to $85.00 in a research report on Friday, April 4th. Finally, Citigroup cut shares of THOR Industries from a “buy” rating to a “neutral” rating and dropped their price target for the company from $94.00 to $86.00 in a research report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued 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 Stock Performance

THOR Industries stock opened at $82.37 on Friday. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $4.38 billion, a PE ratio of 21.07, a P/E/G ratio of 1.16 and a beta of 1.26. The firm has a fifty day simple moving average of $75.04 and a two-hundred day simple moving average of $92.52. THOR Industries, Inc. has a twelve month low of $63.16 and a twelve month high of $118.85.

THOR Industries (NYSE:THO) last issued its quarterly earnings data on Wednesday, March 5th. The construction company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.08). The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.98 billion. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The business’s revenue was down 8.6% on a year-over-year basis. During the same period last year, the company posted $0.13 earnings per share. Research analysts expect that THOR Industries, Inc. will post 4.64 EPS for the current year.

THOR Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.43%. The ex-dividend date 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.