Kingsview Wealth Management LLC Sells 268 Shares of THOR Industries, Inc. (NYSE:THO)

Kingsview Wealth Management LLC trimmed its holdings in shares of THOR Industries, Inc. (NYSE:THO) by 6.2% during the fourth quarter, Holdings Channel.com reports. The fund owned 4,030 shares of the construction company’s stock after selling 268 shares during the quarter. Kingsview Wealth Management LLC’s holdings in THOR Industries were worth $386,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Choreo LLC increased its holdings in shares of THOR Industries by 14.7% during the fourth quarter. Choreo LLC now owns 356,662 shares of the construction company’s stock worth $34,092,000 after purchasing an additional 45,648 shares during the period. Old North State Wealth Management LLC increased its stake in THOR Industries by 3.7% during the 4th quarter. Old North State Wealth Management LLC now owns 10,907 shares of the construction company’s stock worth $1,045,000 after acquiring an additional 393 shares during the period. Sylvest Advisors LLC bought a new position in THOR Industries during the 4th quarter worth $448,000. Institute for Wealth Management LLC. raised its holdings in THOR Industries by 7.1% in the 4th quarter. Institute for Wealth Management LLC. now owns 3,857 shares of the construction company’s stock valued at $369,000 after acquiring an additional 255 shares in the last quarter. Finally, Perigon Wealth Management LLC lifted its position in shares of THOR Industries by 8.4% during the 4th quarter. Perigon Wealth Management LLC now owns 3,266 shares of the construction company’s stock valued at $340,000 after acquiring an additional 253 shares during the period. Institutional investors and hedge funds own 96.71% of the company’s stock.

Wall Street Analyst Weigh In

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

THOR Industries Price Performance

THO stock opened at $102.64 on Friday. The stock has a market cap of $5.46 billion, a price-to-earnings ratio of 26.25, a P/E/G ratio of 1.17 and a beta of 1.69. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78. The company has a 50 day simple moving average of $100.02 and a 200 day simple moving average of $104.19. THOR Industries, Inc. has a 1 year low of $88.37 and a 1 year high of $129.31.

THOR Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, January 6th were issued a dividend of $0.50 per share. The ex-dividend date was Monday, January 6th. This represents a $2.00 annualized dividend and a dividend yield of 1.95%. THOR Industries’s dividend payout ratio (DPR) is presently 51.15%.

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.