Stratos Wealth Partners LTD. Buys Shares of 1,841 THOR Industries, Inc. (NYSE:THO)

Stratos Wealth Partners LTD. bought a new stake in shares of THOR Industries, Inc. (NYSE:THO) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 1,841 shares of the construction company’s stock, valued at approximately $218,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of THO. Raymond James Financial Services Advisors Inc. raised its holdings in THOR Industries by 14.9% during 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 acquiring an additional 1,423 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in shares of THOR Industries by 11.3% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 6,174 shares of the construction company’s stock valued at $486,000 after purchasing an additional 629 shares in the last quarter. Private Advisor Group LLC grew its position in shares of THOR Industries by 20.9% during the 1st quarter. Private Advisor Group LLC now owns 7,616 shares of the construction company’s stock valued at $599,000 after purchasing an additional 1,319 shares in the last quarter. Citigroup Inc. grew its position in shares of THOR Industries by 39.3% during the 1st quarter. Citigroup Inc. now owns 29,220 shares of the construction company’s stock valued at $2,300,000 after purchasing an additional 8,241 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of THOR Industries during the 1st quarter valued at $1,068,000. Institutional investors own 96.71% of the company’s stock.

Wall Street Analyst Weigh In

THO has been the subject of a number of recent analyst reports. Robert W. Baird boosted their price target 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. Citigroup upgraded shares of THOR Industries from a “neutral” rating to a “buy” rating and boosted their price target for the company from $111.00 to $122.00 in a research report on Friday, March 15th. TheStreet lowered shares of THOR Industries from a “b-” rating to a “c+” rating in a research report on Monday, March 18th. Finally, Truist Financial upped their target price on shares of THOR Industries from $96.00 to $105.00 and gave the stock a “hold” rating in a research report on Tuesday, January 9th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, THOR Industries presently has an average rating of “Hold” and a consensus target price of $104.00.

THOR Industries Stock Down 2.8 %

Shares of NYSE:THO opened at $99.84 on Wednesday. THOR Industries, Inc. has a 52-week low of $74.50 and a 52-week high of $129.31. The firm has a fifty day moving average of $113.74 and a 200 day moving average of $107.63. The firm has a market capitalization of $5.32 billion, a PE ratio of 19.81 and a beta of 1.78. 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 posted its quarterly earnings results on Wednesday, March 6th. The construction company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.54). The business had revenue of $2.21 billion during the quarter, compared to the consensus estimate of $2.27 billion. THOR Industries had a return on equity of 7.28% and a net margin of 2.62%. The business’s revenue for the quarter was down 5.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.50 earnings per share. As a group, research analysts anticipate that THOR Industries, Inc. will post 5.37 EPS for the current fiscal year.

THOR Industries Announces Dividend

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

Insiders Place Their Bets

In other THOR Industries news, COO W. Todd Woelfer sold 3,333 shares of the business’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $115.00, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.70% of the stock is currently owned by insiders.

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.