JPMorgan Chase & Co. Reduces Holdings in Thor Industries, Inc. $THO

JPMorgan Chase & Co. lowered its stake in Thor Industries, Inc. (NYSE:THO) by 14.3% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,395,129 shares of the RV manufacturer’s stock after selling 231,927 shares during the quarter. JPMorgan Chase & Co.’s holdings in Thor Industries were worth $123,901,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the stock. ACR Alpine Capital Research LLC increased its position in Thor Industries by 22.5% during the second quarter. ACR Alpine Capital Research LLC now owns 4,265,031 shares of the RV manufacturer’s stock worth $378,777,000 after buying an additional 782,114 shares in the last quarter. Southpoint Capital Advisors LP lifted its position in shares of Thor Industries by 106.2% in the first quarter. Southpoint Capital Advisors LP now owns 1,250,000 shares of the RV manufacturer’s stock valued at $94,762,000 after acquiring an additional 643,851 shares in the last quarter. Timucuan Asset Management Inc. FL increased its position in Thor Industries by 20.1% during the 1st quarter. Timucuan Asset Management Inc. FL now owns 2,448,401 shares of the RV manufacturer’s stock worth $185,613,000 after purchasing an additional 409,636 shares in the last quarter. Vanguard Group Inc. increased its position in Thor Industries by 6.5% during the 1st quarter. Vanguard Group Inc. now owns 5,376,681 shares of the RV manufacturer’s stock worth $407,606,000 after purchasing an additional 326,584 shares in the last quarter. Finally, ProShare Advisors LLC raised its stake in Thor Industries by 49.4% in the 2nd quarter. ProShare Advisors LLC now owns 454,779 shares of the RV manufacturer’s stock valued at $40,389,000 after purchasing an additional 150,391 shares during the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on THO. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Thor Industries in a research note on Wednesday, October 8th. KeyCorp raised shares of Thor Industries from an “underweight” rating to a “sector weight” rating in a research report on Friday, August 1st. Loop Capital initiated coverage on shares of Thor Industries in a research report on Friday, October 31st. They set a “hold” rating and a $110.00 target price on the stock. Bank of America lifted their target price on shares of Thor Industries from $100.00 to $120.00 and gave the stock a “buy” rating in a research note on Wednesday, September 10th. Finally, Zacks Research upgraded Thor Industries from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 3rd. Two equities research analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $104.67.

Thor Industries Price Performance

THO opened at $106.04 on Thursday. The company’s 50 day simple moving average is $103.78 and its 200 day simple moving average is $97.48. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.90 and a current ratio of 1.75. Thor Industries, Inc. has a 1 year low of $63.15 and a 1 year high of $115.14. The stock has a market capitalization of $5.60 billion, a PE ratio of 25.43, a P/E/G ratio of 1.81 and a beta of 1.32.

Thor Industries Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Thursday, October 23rd were issued a $0.52 dividend. This is a boost from Thor Industries’s previous quarterly dividend of $0.50. The ex-dividend date was Thursday, October 23rd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.0%. Thor Industries’s dividend payout ratio (DPR) is 49.88%.

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.