THOR Industries, Inc. (NYSE:THO) Shares Sold by NewEdge Wealth LLC

NewEdge Wealth LLC cut its holdings in shares of THOR Industries, Inc. (NYSE:THO) by 2.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,215 shares of the construction company’s stock after selling 626 shares during the quarter. NewEdge Wealth LLC owned about 0.06% of THOR Industries worth $2,892,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its position in THOR Industries by 37.7% during the third quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock worth $165,078,000 after acquiring an additional 411,466 shares during the last quarter. Natixis Advisors LLC boosted its holdings in THOR Industries by 51.3% in the 3rd quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company’s stock valued at $55,486,000 after purchasing an additional 171,244 shares during the last quarter. State Street Corp boosted its holdings in THOR Industries by 2.1% in the 3rd quarter. State Street Corp now owns 1,624,002 shares of the construction company’s stock valued at $178,462,000 after purchasing an additional 33,619 shares during the last quarter. Radnor Capital Management LLC acquired a new position in THOR Industries in the 3rd quarter valued at about $631,000. Finally, Consolidated Planning Corp acquired a new position in THOR Industries in the 3rd quarter valued at about $620,000. 96.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on THO. Truist Financial boosted their target price on shares of THOR Industries from $98.00 to $110.00 and gave the company a “hold” rating in a report on Monday, February 10th. Bank of America began coverage on shares of THOR Industries in a report on Friday, December 13th. They issued a “neutral” rating and a $120.00 target price on the stock. StockNews.com upgraded shares of THOR Industries from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Benchmark reiterated a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $113.17.

THOR Industries Price Performance

THOR Industries stock opened at $99.44 on Friday. The company’s 50 day simple moving average is $99.76 and its 200-day simple moving average is $104.20. The company has a market capitalization of $5.29 billion, a price-to-earnings ratio of 25.43, a price-to-earnings-growth ratio of 1.16 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 debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71.

THOR Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, January 6th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend was Monday, January 6th. THOR Industries’s dividend payout ratio (DPR) is 51.15%.

THOR Industries 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.