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

Kingsview Wealth Management LLC lessened its position in THOR Industries, Inc. (NYSE:THO) by 6.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. 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 large investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its position in shares of THOR Industries by 37.7% in the third quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock worth $165,078,000 after purchasing an additional 411,466 shares in the last quarter. Natixis Advisors LLC lifted its position in THOR Industries by 51.3% during the 3rd quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company’s stock worth $55,486,000 after buying an additional 171,244 shares in the last quarter. State Street Corp boosted its stake in shares of THOR Industries by 2.1% during the 3rd quarter. State Street Corp now owns 1,624,002 shares of the construction company’s stock worth $178,462,000 after buying an additional 33,619 shares during the last quarter. Jade Capital Advisors LLC bought a new position in shares of THOR Industries in the 3rd quarter valued at about $4,121,000. Finally, Radnor Capital Management LLC acquired a new stake in shares of THOR Industries in the third quarter valued at about $631,000. Institutional investors and hedge funds own 96.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on THO. Bank of America assumed coverage on THOR Industries in a research note on Friday, December 13th. They issued a “neutral” rating and a $120.00 price target for the company. StockNews.com raised shares of THOR Industries from a “sell” rating to a “hold” rating in a research note on Monday. Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. Finally, Truist Financial lifted their price objective on shares of THOR Industries from $98.00 to $110.00 and gave the company a “hold” rating in a research report on Monday. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $113.17.

THOR Industries Price Performance

Shares of THO opened at $102.64 on Friday. The company’s 50-day moving average is $100.02 and its 200-day moving average is $104.19. 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 firm has a market capitalization of $5.46 billion, a PE ratio of 26.25, a PEG ratio of 1.17 and a beta of 1.69. THOR Industries, Inc. has a fifty-two week low of $88.37 and a fifty-two week high of $129.31.

THOR Industries Dividend Announcement

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