THOR Industries, Inc. (NYSE:THO) Shares Bought by Inceptionr LLC

Inceptionr LLC grew its holdings in THOR Industries, Inc. (NYSE:THO) by 110.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,636 shares of the construction company’s stock after acquiring an additional 2,952 shares during the period. Inceptionr LLC’s holdings in THOR Industries were worth $666,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. SG Americas Securities LLC purchased a new stake in THOR Industries during the 3rd quarter worth about $100,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of THOR Industries by 15.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,827 shares of the construction company’s stock worth $935,000 after buying an additional 1,307 shares during the period. Teacher Retirement System of Texas increased its stake in shares of THOR Industries by 59.1% during the third quarter. Teacher Retirement System of Texas now owns 13,912 shares of the construction company’s stock worth $1,323,000 after buying an additional 5,168 shares during the period. Nisa Investment Advisors LLC increased its stake in shares of THOR Industries by 0.9% during the third quarter. Nisa Investment Advisors LLC now owns 31,135 shares of the construction company’s stock worth $2,962,000 after buying an additional 266 shares during the period. Finally, Duality Advisers LP purchased a new stake in shares of THOR Industries during the third quarter worth approximately $360,000. Hedge funds and other institutional investors own 96.71% of the company’s stock.

THOR Industries Stock Performance

NYSE:THO traded up $0.23 during mid-day trading on Tuesday, reaching $105.01. 295,146 shares of the stock were exchanged, compared to its average volume of 462,673. The stock has a market capitalization of $5.60 billion, a P/E ratio of 20.84 and a beta of 1.80. THOR Industries, Inc. has a 1 year low of $75.93 and a 1 year high of $129.31. The company has a 50 day simple moving average of $105.48 and a 200-day simple moving average of $109.12. The company has a quick ratio of 0.65, a current ratio of 1.75 and a debt-to-equity ratio of 0.35.

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

THOR Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.83%. The ex-dividend date of this dividend was Monday, April 8th. THOR Industries’s dividend payout ratio (DPR) is presently 38.10%.

Analyst Ratings Changes

A number of research firms recently weighed in on THO. Citigroup upgraded shares of THOR Industries from a “neutral” rating to a “buy” rating and upped their target price for the stock from $111.00 to $122.00 in a research note on Friday, March 15th. TheStreet lowered shares of THOR Industries from a “b-” rating to a “c+” rating in a research note on Monday, March 18th. Finally, Robert W. Baird upped their target price on shares of THOR Industries from $115.00 to $120.00 and gave the stock an “outperform” rating in a research note on Thursday, March 7th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.