BNP Paribas Financial Markets Buys 40,306 Shares of THOR Industries, Inc. (NYSE:THO)

BNP Paribas Financial Markets boosted its stake in THOR Industries, Inc. (NYSE:THO) by 596.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 47,061 shares of the construction company’s stock after acquiring an additional 40,306 shares during the period. BNP Paribas Financial Markets owned 0.09% of THOR Industries worth $5,522,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Norges Bank acquired a new position in THOR Industries in the fourth quarter valued at approximately $65,391,000. Pacer Advisors Inc. lifted its stake in THOR Industries by 56.7% in the fourth quarter. Pacer Advisors Inc. now owns 725,667 shares of the construction company’s stock valued at $85,810,000 after buying an additional 262,478 shares during the period. Vanguard Group Inc. lifted its stake in THOR Industries by 4.1% in the third quarter. Vanguard Group Inc. now owns 5,270,059 shares of the construction company’s stock valued at $501,341,000 after buying an additional 208,343 shares during the period. Deutsche Bank AG lifted its stake in THOR Industries by 2,509.8% in the third quarter. Deutsche Bank AG now owns 180,178 shares of the construction company’s stock valued at $17,140,000 after buying an additional 173,274 shares during the period. Finally, Scout Investments Inc. lifted its stake in THOR Industries by 89.7% in the fourth quarter. Scout Investments Inc. now owns 239,396 shares of the construction company’s stock valued at $28,309,000 after buying an additional 113,201 shares during the period. 96.71% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on THO shares. TheStreet lowered THOR Industries from a “b-” rating to a “c+” rating in a research note on Monday, March 18th. Truist Financial lowered their target price on THOR Industries from $100.00 to $95.00 and set a “hold” rating on the stock in a research report on Thursday, June 6th. Robert W. Baird lowered their target price on THOR Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, June 6th. Finally, Citigroup lowered their target price on THOR Industries from $120.00 to $113.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, THOR Industries has a consensus rating of “Moderate Buy” and an average target price of $102.00.

THOR Industries Trading Up 4.6 %

NYSE THO opened at $97.23 on Friday. The firm has a market capitalization of $5.17 billion, a P/E ratio of 19.72 and a beta of 1.71. The business has a fifty day simple moving average of $96.24 and a 200 day simple moving average of $106.80. THOR Industries, Inc. has a 12 month low of $84.54 and a 12 month high of $129.31. The company has a current ratio of 1.65, a quick ratio of 0.74 and a debt-to-equity ratio of 0.30.

THOR Industries (NYSE:THO) last released its quarterly earnings results on Wednesday, June 5th. The construction company reported $2.13 EPS for the quarter, beating analysts’ consensus estimates of $1.89 by $0.24. The business had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.73 billion. THOR Industries had a return on equity of 7.07% and a net margin of 2.59%. THOR Industries’s quarterly revenue was down 4.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.24 EPS. On average, analysts predict that THOR Industries, Inc. will post 4.79 EPS for the current fiscal year.

THOR Industries Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Stockholders of record on Wednesday, July 3rd will be paid a dividend of $0.48 per share. The ex-dividend date is Wednesday, July 3rd. This represents a $1.92 annualized dividend and a dividend yield of 1.97%. THOR Industries’s payout ratio is 38.95%.

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.