THOR Industries, Inc. (NYSE:THO) Shares Bought by Old North State Wealth Management LLC

Old North State Wealth Management LLC raised its holdings in shares of THOR Industries, Inc. (NYSE:THO) by 3.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,907 shares of the construction company’s stock after buying an additional 393 shares during the period. Old North State Wealth Management LLC’s holdings in THOR Industries were worth $1,045,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. JPMorgan Chase & Co. raised its holdings in THOR Industries by 37.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock worth $165,078,000 after buying an additional 411,466 shares during the period. Natixis Advisors LLC grew 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 purchasing an additional 171,244 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in THOR Industries by 46.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 501,479 shares of the construction company’s stock valued at $55,108,000 after buying an additional 159,022 shares during the period. Janney Montgomery Scott LLC purchased a new stake in THOR Industries in the 3rd quarter worth about $13,229,000. Finally, Wellington Management Group LLP acquired a new stake in THOR Industries during the 3rd quarter worth about $7,682,000. 96.71% of the stock is currently owned by institutional investors and hedge funds.

THOR Industries Stock Up 1.5 %

THOR Industries stock opened at $101.75 on Wednesday. The company has a market capitalization of $5.41 billion, a P/E ratio of 26.02, a P/E/G ratio of 1.20 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 firm’s fifty day simple moving average is $101.04 and its 200-day simple moving average is $104.18. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26.

THOR Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors 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 1.97%. The ex-dividend date was Monday, January 6th. THOR Industries’s payout ratio is 51.15%.

Analyst Ratings Changes

A number of analysts have recently issued reports on THO shares. 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 target for the company. Truist Financial cut their target price on shares of THOR Industries from $105.00 to $98.00 and set a “hold” rating for the company in a research report on Tuesday, January 7th. Benchmark restated a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. Finally, StockNews.com lowered THOR Industries from a “hold” rating to a “sell” rating in a report on Sunday. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, THOR Industries presently has a consensus rating of “Hold” and an average price target of $111.17.

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.