First Citizens Bank & Trust Co. raised its stake in THOR Industries, Inc. (NYSE:THO – Free Report) by 19.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,302 shares of the construction company’s stock after purchasing an additional 371 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in THOR Industries were worth $220,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. Stratos Wealth Advisors LLC grew its stake in shares of THOR Industries by 2.2% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 6,411 shares of the construction company’s stock worth $705,000 after purchasing an additional 135 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of THOR Industries by 0.9% in the third quarter. Nisa Investment Advisors LLC now owns 15,776 shares of the construction company’s stock valued at $1,734,000 after purchasing an additional 135 shares during the period. GAMMA Investing LLC boosted its holdings in THOR Industries by 34.7% during the third quarter. GAMMA Investing LLC now owns 780 shares of the construction company’s stock worth $86,000 after buying an additional 201 shares in the last quarter. Blue Trust Inc. grew its position in THOR Industries by 62.6% during the third quarter. Blue Trust Inc. now owns 548 shares of the construction company’s stock worth $60,000 after buying an additional 211 shares during the period. Finally, Cim LLC increased its holdings in THOR Industries by 12.8% in the second quarter. Cim LLC now owns 1,995 shares of the construction company’s stock valued at $186,000 after buying an additional 226 shares in the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have recently commented on THO shares. Truist Financial decreased their price target on THOR Industries from $105.00 to $98.00 and set a “hold” rating on the stock in a research note on Tuesday, January 7th. Benchmark reiterated a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. StockNews.com upgraded THOR Industries from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Bank of America began coverage on shares of THOR Industries in a research report on Friday, December 13th. They issued a “neutral” rating and a $120.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, THOR Industries has an average rating of “Hold” and a consensus target price of $111.17.
THOR Industries Trading Down 2.4 %
Shares of THO stock opened at $101.64 on Wednesday. The company has a market capitalization of $5.41 billion, a price-to-earnings ratio of 26.00, a PEG ratio of 1.19 and a beta of 1.68. 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 firm has a 50-day moving average price of $101.98 and a 200 day moving average price of $104.09. THOR Industries, Inc. has a twelve month low of $88.37 and a twelve month high of $129.31.
THOR Industries Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, January 6th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.97%. The ex-dividend date was Monday, January 6th. THOR Industries’s payout ratio 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.
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