48,094 Shares in THOR Industries, Inc. (NYSE:THO) Bought by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in THOR Industries, Inc. (NYSE:THO) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 48,094 shares of the construction company’s stock, valued at approximately $4,494,000. Quantbot Technologies LP owned approximately 0.09% of THOR Industries at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Mather Group LLC. acquired a new stake in shares of THOR Industries in the 1st quarter valued at about $30,000. Tortoise Investment Management LLC boosted its holdings in shares of THOR Industries by 77.0% in the second quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock valued at $27,000 after acquiring an additional 124 shares during the period. Parallel Advisors LLC grew its position in shares of THOR Industries by 70.8% during the fourth quarter. Parallel Advisors LLC now owns 292 shares of the construction company’s stock worth $35,000 after acquiring an additional 121 shares during the last quarter. Blue Trust Inc. grew its position in shares of THOR Industries by 548.1% during the second quarter. Blue Trust Inc. now owns 337 shares of the construction company’s stock worth $31,000 after acquiring an additional 285 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its holdings in shares of THOR Industries by 3,063.6% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 348 shares of the construction company’s stock valued at $41,000 after acquiring an additional 337 shares during the period. Hedge funds and other institutional investors own 96.71% of the company’s stock.

THOR Industries Trading Down 0.5 %

NYSE THO opened at $101.75 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 1.65 and a debt-to-equity ratio of 0.30. The stock has a market capitalization of $5.41 billion, a P/E ratio of 20.64 and a beta of 1.67. THOR Industries, Inc. has a 52-week low of $84.54 and a 52-week high of $129.31. The firm has a 50-day moving average price of $101.59 and a 200 day moving average price of $101.70.

THOR Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Wednesday, July 3rd were given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend was Wednesday, July 3rd. THOR Industries’s payout ratio is 38.95%.

Analyst Ratings Changes

Several brokerages have issued reports on THO. Truist Financial lowered their price objective on shares of THOR Industries from $100.00 to $95.00 and set a “hold” rating on the stock in a research report on Thursday, June 6th. Citigroup lowered their price target on THOR Industries from $120.00 to $113.00 and set a “buy” rating on the stock in a report on Friday, June 7th. Benchmark began coverage on THOR Industries in a research note on Thursday, July 18th. They set a “hold” rating for the company. Finally, Robert W. Baird lowered their target price on THOR Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, June 6th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $102.00.

About THOR Industries

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.