SFE Investment Counsel Sells 562 Shares of THOR Industries, Inc. (NYSE:THO)

SFE Investment Counsel lowered its holdings in shares of THOR Industries, Inc. (NYSE:THO) by 2.0% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 27,165 shares of the construction company’s stock after selling 562 shares during the period. SFE Investment Counsel owned about 0.05% of THOR Industries worth $3,212,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of THO. Harbour Investments Inc. increased its position in shares of THOR Industries by 290.9% during the third quarter. Harbour Investments Inc. now owns 258 shares of the construction company’s stock worth $25,000 after buying an additional 192 shares during the period. Parkside Financial Bank & Trust increased its position in shares of THOR Industries by 889.3% during the third quarter. Parkside Financial Bank & Trust now owns 277 shares of the construction company’s stock worth $26,000 after buying an additional 249 shares during the period. Smithfield Trust Co increased its position in shares of THOR Industries by 127.2% during the third quarter. Smithfield Trust Co now owns 284 shares of the construction company’s stock worth $27,000 after buying an additional 159 shares during the period. Benjamin Edwards Inc. increased its position in shares of THOR Industries by 123.6% during the second quarter. Benjamin Edwards Inc. now owns 275 shares of the construction company’s stock worth $28,000 after buying an additional 152 shares during the period. Finally, Industrial Alliance Investment Management Inc. increased its position in shares of THOR Industries by 343.9% during the fourth quarter. Industrial Alliance Investment Management Inc. now owns 617 shares of the construction company’s stock worth $47,000 after buying an additional 478 shares during the period. Institutional investors own 96.71% of the company’s stock.

Insider Transactions at THOR Industries

In related news, COO W. Todd Woelfer sold 3,333 shares of the stock in a transaction that occurred on Monday, January 22nd. The stock was sold at an average price of $115.00, for a total transaction of $383,295.00. Following the completion of the sale, the chief operating officer now directly owns 98,347 shares of the company’s stock, valued at $11,309,905. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 4.70% of the company’s stock.

THOR Industries Stock Down 1.5 %

Shares of THOR Industries stock traded down $1.49 during trading hours on Thursday, reaching $97.04. The company’s stock had a trading volume of 204,897 shares, compared to its average volume of 465,542. THOR Industries, Inc. has a one year low of $74.50 and a one year high of $129.31. The company has a market capitalization of $5.18 billion, a P/E ratio of 19.55 and a beta of 1.78. The stock’s fifty day simple moving average is $113.41 and its two-hundred day simple moving average is $107.56. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.65 and a current ratio of 1.75.

THOR Industries (NYSE:THO) last released its quarterly earnings data on Wednesday, March 6th. The construction company reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.54). THOR Industries had a net margin of 2.62% and a return on equity of 7.28%. The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same period last year, the business posted $0.50 earnings per share. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. On average, research analysts forecast that THOR Industries, Inc. will post 5.37 earnings per share for the current year.

THOR Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 23rd. Shareholders of record on Tuesday, April 9th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, April 8th. This represents a $1.92 annualized dividend and a dividend yield of 1.98%. THOR Industries’s dividend payout ratio is currently 38.10%.

Analysts Set New Price Targets

THO has been the subject of several recent analyst reports. TheStreet cut shares of THOR Industries from a “b-” rating to a “c+” rating in a research report on Monday, March 18th. Robert W. Baird raised their price target on shares of THOR Industries from $115.00 to $120.00 and gave the stock an “outperform” rating in a report on Thursday, March 7th. Truist Financial raised their price target on shares of THOR Industries from $96.00 to $105.00 and gave the stock a “hold” rating in a report on Tuesday, January 9th. Finally, Citigroup upgraded shares of THOR Industries from a “neutral” rating to a “buy” rating and raised their price target for the stock from $111.00 to $122.00 in a report on Friday, March 15th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, THOR Industries currently has an average rating of “Hold” and an average price target of $104.00.

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.