Choreo LLC Grows Position in THOR Industries, Inc. (NYSE:THO)

Choreo LLC raised its position in THOR Industries, Inc. (NYSE:THO) by 23.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 282,102 shares of the construction company’s stock after acquiring an additional 53,263 shares during the quarter. THOR Industries makes up about 0.9% of Choreo LLC’s holdings, making the stock its 29th biggest holding. Choreo LLC’s holdings in THOR Industries were worth $33,494,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Parkside Financial Bank & Trust lifted its stake in THOR Industries by 889.3% in the third quarter. Parkside Financial Bank & Trust now owns 277 shares of the construction company’s stock valued at $26,000 after buying an additional 249 shares during the last quarter. Smithfield Trust Co grew its position in THOR Industries by 127.2% during the 3rd quarter. Smithfield Trust Co now owns 284 shares of the construction company’s stock worth $27,000 after purchasing an additional 159 shares during the last quarter. GAMMA Investing LLC purchased a new stake in shares of THOR Industries in the fourth quarter valued at about $47,000. Planned Solutions Inc. acquired a new stake in shares of THOR Industries during the fourth quarter worth about $62,000. Finally, Signaturefd LLC grew its holdings in shares of THOR Industries by 121.5% during the third quarter. Signaturefd LLC now owns 731 shares of the construction company’s stock worth $70,000 after buying an additional 401 shares during the last quarter. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have commented on THO shares. Citigroup raised THOR Industries from a “neutral” rating to a “buy” rating and upped their price objective for the company from $111.00 to $122.00 in a research note on Friday, March 15th. Robert W. Baird lifted their price objective on shares of THOR Industries from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Thursday, March 7th. TheStreet cut shares of THOR Industries from a “b-” rating to a “c+” rating in a research note on Monday, March 18th. Finally, Truist Financial lifted their target price on shares of THOR Industries from $96.00 to $105.00 and gave the company a “hold” rating in a report on Tuesday, January 9th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, THOR Industries has a consensus rating of “Moderate Buy” and an average price target of $104.00.

THOR Industries Price Performance

NYSE THO traded up $1.54 during trading hours on Monday, reaching $102.13. The company’s stock had a trading volume of 132,359 shares, compared to its average volume of 461,825. The company has a debt-to-equity ratio of 0.35, a quick ratio of 0.65 and a current ratio of 1.75. The stock has a market cap of $5.45 billion, a PE ratio of 19.96 and a beta of 1.78. The company’s 50-day moving average is $110.95 and its two-hundred day moving average is $108.09. THOR Industries, Inc. has a fifty-two week low of $75.93 and a fifty-two week high of $129.31.

THOR Industries (NYSE:THO) last announced its earnings results 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 company had revenue of $2.21 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same quarter last year, the company posted $0.50 EPS. THOR Industries’s quarterly revenue was down 5.9% compared to the same quarter last year. Analysts forecast that THOR Industries, Inc. will post 5.37 EPS for the current year.

THOR Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 23rd. Investors of record on Tuesday, April 9th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.88%. The ex-dividend date was Monday, April 8th. THOR Industries’s payout ratio is 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.