THOR Industries, Inc. (NYSE:THO) Shares Sold by SFE Investment Counsel

SFE Investment Counsel reduced its stake in THOR Industries, Inc. (NYSE:THO) by 2.1% in the fourth quarter, HoldingsChannel reports. The fund owned 18,340 shares of the construction company’s stock after selling 388 shares during the quarter. SFE Investment Counsel’s holdings in THOR Industries were worth $1,755,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. UMB Bank n.a. lifted its position in THOR Industries by 2,050.0% in the third quarter. UMB Bank n.a. now owns 258 shares of the construction company’s stock worth $28,000 after purchasing an additional 246 shares during the period. Creative Planning lifted its holdings in shares of THOR Industries by 12.9% in the third quarter. Creative Planning now owns 11,012 shares of the construction company’s stock valued at $1,210,000 after buying an additional 1,254 shares during the period. nVerses Capital LLC boosted its stake in THOR Industries by 20.7% during the third quarter. nVerses Capital LLC now owns 3,500 shares of the construction company’s stock valued at $385,000 after buying an additional 600 shares in the last quarter. Bleakley Financial Group LLC raised its position in THOR Industries by 5.9% in the third quarter. Bleakley Financial Group LLC now owns 7,260 shares of the construction company’s stock worth $798,000 after acquiring an additional 406 shares in the last quarter. Finally, Inspire Advisors LLC acquired a new stake in THOR Industries in the 3rd quarter valued at about $225,000. 96.71% of the stock is currently owned by institutional investors.

THOR Industries Stock Performance

Shares of THO stock opened at $101.56 on Thursday. The company has a market capitalization of $5.41 billion, a price-to-earnings ratio of 25.97, a P/E/G ratio of 1.17 and a beta of 1.69. THOR Industries, Inc. has a 1-year low of $88.37 and a 1-year high of $129.31. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26. The stock’s fifty day simple moving average is $100.04 and its 200-day simple moving average is $104.20.

THOR Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, January 6th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.97%. THOR Industries’s dividend payout ratio is 51.15%.

Analyst Ratings Changes

Several brokerages have recently issued reports on THO. Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. Bank of America initiated coverage on THOR Industries in a report on Friday, December 13th. They issued a “neutral” rating and a $120.00 price target on the stock. Truist Financial lifted their target price on THOR Industries from $98.00 to $110.00 and gave the stock a “hold” rating in a report on Monday. Finally, StockNews.com upgraded THOR Industries from a “sell” rating to a “hold” rating in a research report on Monday. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $113.17.

About THOR Industries

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.