THOR Industries, Inc. (NYSE:THO) is Groesbeck Investment Management Corp NJ’s 9th Largest Position

Groesbeck Investment Management Corp NJ lifted its holdings in THOR Industries, Inc. (NYSE:THO) by 3.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,389 shares of the construction company’s stock after purchasing an additional 497 shares during the period. THOR Industries comprises about 2.7% of Groesbeck Investment Management Corp NJ’s portfolio, making the stock its 9th largest holding. Groesbeck Investment Management Corp NJ’s holdings in THOR Industries were worth $1,938,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of THO. Raymond James Financial Services Advisors Inc. increased its stake in shares of THOR Industries by 14.9% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 10,954 shares of the construction company’s stock valued at $862,000 after purchasing an additional 1,423 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in THOR Industries by 11.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 6,174 shares of the construction company’s stock worth $486,000 after buying an additional 629 shares during the last quarter. Private Advisor Group LLC boosted its holdings in THOR Industries by 20.9% in the 1st quarter. Private Advisor Group LLC now owns 7,616 shares of the construction company’s stock worth $599,000 after buying an additional 1,319 shares during the last quarter. Citigroup Inc. boosted its holdings in THOR Industries by 39.3% in the 1st quarter. Citigroup Inc. now owns 29,220 shares of the construction company’s stock worth $2,300,000 after buying an additional 8,241 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in THOR Industries in the 1st quarter worth about $1,068,000. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Insider Activity at THOR Industries

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

Wall Street Analysts Forecast Growth

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

THOR Industries Price Performance

Shares of THOR Industries stock traded down $0.01 on Thursday, hitting $98.52. 90,864 shares of the company were exchanged, compared to its average volume of 463,995. The stock has a market capitalization of $5.25 billion, a price-to-earnings ratio of 19.55 and a beta of 1.78. The company has a 50-day moving average price of $113.41 and a 200 day moving average price of $107.56. THOR Industries, Inc. has a 1-year low of $74.50 and a 1-year high of $129.31. 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 released its quarterly earnings data on Wednesday, March 6th. The construction company reported $0.13 EPS 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 analyst estimates of $2.27 billion. During the same quarter in the prior year, the company posted $0.50 earnings per share. The company’s revenue was down 5.9% on a year-over-year basis. As a group, sell-side analysts predict that THOR Industries, Inc. will post 5.37 earnings per share for the current fiscal year.

THOR Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 1.95%. The ex-dividend date of this dividend is Monday, April 8th. THOR Industries’s dividend payout ratio is presently 38.10%.

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.