QV Investors Inc. Lowers Stock Holdings in THOR Industries, Inc. (NYSE:THO)

QV Investors Inc. lessened its holdings in shares of THOR Industries, Inc. (NYSE:THO) by 2.8% during the fourth quarter, HoldingsChannel reports. The firm owned 26,986 shares of the construction company’s stock after selling 790 shares during the quarter. QV Investors Inc.’s holdings in THOR Industries were worth $2,583,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in THO. Victory Capital Management Inc. grew its holdings in THOR Industries by 3.5% in the 2nd quarter. Victory Capital Management Inc. now owns 74,427 shares of the construction company’s stock valued at $6,955,000 after buying an additional 2,503 shares during the period. Quest Partners LLC increased its position in THOR Industries by 25,000.0% during the second quarter. Quest Partners LLC now owns 3,012 shares of the construction company’s stock worth $281,000 after purchasing an additional 3,000 shares during the last quarter. Headlands Technologies LLC purchased a new position in THOR Industries during the second quarter worth approximately $42,000. American Century Companies Inc. boosted its holdings in shares of THOR Industries by 12.2% in the 2nd quarter. American Century Companies Inc. now owns 723,910 shares of the construction company’s stock valued at $67,649,000 after purchasing an additional 78,832 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in shares of THOR Industries by 0.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 639,378 shares of the construction company’s stock valued at $59,750,000 after buying an additional 5,761 shares during the period. Hedge funds and other institutional investors own 96.71% of the company’s stock.

THOR Industries Stock Up 1.3 %

THO traded up $1.21 during trading hours on Monday, reaching $94.53. 192,646 shares of the stock traded hands, compared to its average volume of 424,926. THOR Industries, Inc. has a fifty-two week low of $88.37 and a fifty-two week high of $129.31. 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 market cap of $5.03 billion, a price-to-earnings ratio of 24.18 and a beta of 1.68. The firm’s fifty day simple moving average is $103.96 and its two-hundred day simple moving average is $103.44.

THOR Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Monday, January 6th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date is Monday, January 6th. THOR Industries’s payout ratio is 51.15%.

Analyst Ratings Changes

THO has been the subject of a number of research reports. Benchmark reissued a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. BMO Capital Markets restated an “outperform” rating and issued a $120.00 price target on shares of THOR Industries in a report on Thursday, September 19th. DA Davidson reiterated a “neutral” rating and set a $95.00 price objective on shares of THOR Industries in a research note on Monday, September 30th. Citigroup raised their target price on shares of THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Finally, Bank of America initiated coverage on shares of THOR Industries in a research report on Friday, December 13th. They set a “neutral” rating and a $120.00 price target for the company. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $111.17.

Insider Buying and Selling

In other THOR Industries news, VP Colleen A. Zuhl sold 4,354 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $115.00, for a total value of $500,710.00. Following the transaction, the vice president now directly owns 131,905 shares of the company’s stock, valued at $15,169,075. This represents a 3.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 4.50% of the company’s stock.

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.