Harbor Capital Advisors Inc. Grows Position in THOR Industries, Inc. (NYSE:THO)

Harbor Capital Advisors Inc. raised its holdings in shares of THOR Industries, Inc. (NYSE:THO) by 26.3% during the first quarter, HoldingsChannel reports. The firm owned 36,235 shares of the construction company’s stock after purchasing an additional 7,546 shares during the period. Harbor Capital Advisors Inc.’s holdings in THOR Industries were worth $2,747,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of THO. Atala Financial Inc bought a new position in shares of THOR Industries during the fourth quarter valued at approximately $27,000. First Horizon Advisors Inc. lifted its holdings in THOR Industries by 57.3% during the fourth quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock worth $32,000 after buying an additional 121 shares during the period. UMB Bank n.a. boosted its position in THOR Industries by 135.6% during the 1st quarter. UMB Bank n.a. now owns 483 shares of the construction company’s stock valued at $37,000 after acquiring an additional 278 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of 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. Finally, Stonebridge Financial Group LLC purchased a new position in shares of THOR Industries in the 4th quarter valued at $51,000. Institutional investors own 96.71% of the company’s stock.

THOR Industries Price Performance

Shares of NYSE THO opened at $87.80 on Thursday. THOR Industries, Inc. has a fifty-two week low of $63.16 and a fifty-two week high of $118.85. The company has a market cap of $4.67 billion, a PE ratio of 22.46, a P/E/G ratio of 1.16 and a beta of 1.21. 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 has a 50-day simple moving average of $76.72 and a two-hundred day simple moving average of $89.43.

THOR Industries (NYSE:THO) last released its earnings results on Wednesday, June 4th. The construction company reported $2.53 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.74. The company had revenue of $2.89 billion during the quarter, compared to analysts’ expectations of $2.60 billion. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. THOR Industries’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same period last year, the business earned $2.13 EPS. As a group, equities analysts expect that THOR Industries, Inc. will post 4.64 EPS for the current fiscal year.

THOR Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend was Tuesday, April 8th. THOR Industries’s dividend payout ratio (DPR) is presently 47.96%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on THO. BMO Capital Markets decreased their price objective on THOR Industries from $120.00 to $105.00 and set an “outperform” rating for the company in a research note on Thursday, March 6th. Robert W. Baird lowered shares of THOR Industries from an “outperform” rating to a “neutral” rating and decreased their price target for the company from $100.00 to $85.00 in a research report on Friday, April 4th. Wall Street Zen upgraded shares of THOR Industries from a “sell” rating to a “hold” rating in a report on Friday, June 6th. Truist Financial boosted their price objective on shares of THOR Industries from $72.00 to $78.00 and gave the stock a “hold” rating in a research note on Tuesday, June 3rd. Finally, Citigroup cut shares of THOR Industries from a “buy” rating to a “neutral” rating and decreased their target price 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, eight have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $87.63.

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.