Public Employees Retirement System of Ohio lowered its position in shares of THOR Industries, Inc. (NYSE:THO – Free Report) by 10.4% in the third quarter, Holdings Channel reports. The firm owned 19,887 shares of the construction company’s stock after selling 2,311 shares during the period. Public Employees Retirement System of Ohio’s holdings in THOR Industries were worth $2,185,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of THO. SG Americas Securities LLC bought a new position in shares of THOR Industries during the second quarter worth $496,000. Envestnet Portfolio Solutions Inc. lifted its holdings in THOR Industries by 20.1% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 8,101 shares of the construction company’s stock worth $757,000 after acquiring an additional 1,354 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in THOR Industries by 28.8% in the second quarter. Assenagon Asset Management S.A. now owns 21,205 shares of the construction company’s stock valued at $1,982,000 after acquiring an additional 4,737 shares during the period. Blue Trust Inc. increased its holdings in shares of THOR Industries by 548.1% in 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 in the last quarter. Finally, Raymond James & Associates raised its position in shares of THOR Industries by 4.1% during the second quarter. Raymond James & Associates now owns 331,524 shares of the construction company’s stock worth $30,981,000 after purchasing an additional 12,958 shares during the period. Institutional investors own 96.71% of the company’s stock.
THOR Industries Stock Up 0.5 %
THO stock opened at $102.03 on Wednesday. The company has a market cap of $5.43 billion, a price-to-earnings ratio of 26.09 and a beta of 1.67. THOR Industries, Inc. has a twelve month low of $88.37 and a twelve month high of $129.31. The business has a 50 day moving average price of $108.52 and a two-hundred day moving average price of $103.21. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26.
THOR Industries Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were issued a dividend of $0.50 per share. The ex-dividend date was Friday, November 1st. This represents a $2.00 dividend on an annualized basis and a yield of 1.96%. This is a boost from THOR Industries’s previous quarterly dividend of $0.48. THOR Industries’s dividend payout ratio (DPR) is presently 51.15%.
Analyst Ratings Changes
Several brokerages recently issued reports on THO. Bank of America began coverage on THOR Industries in a research report on Friday, December 13th. They issued a “neutral” rating and a $120.00 price objective for the company. Truist Financial upped their price target on shares of THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a report on Friday, September 20th. DA Davidson restated a “neutral” rating and set a $95.00 price objective on shares of THOR Industries in a report on Monday, September 30th. StockNews.com lowered shares of THOR Industries from a “hold” rating to a “sell” rating in a research note on Friday, December 6th. Finally, Benchmark reissued a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, THOR Industries has a consensus rating of “Hold” and a consensus target price of $112.33.
Get Our Latest Stock Analysis on THOR Industries
Insiders Place Their Bets
In other THOR Industries news, VP Colleen A. Zuhl sold 4,354 shares of THOR Industries stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $115.00, for a total transaction of $500,710.00. Following the completion of the transaction, the vice president now directly owns 131,905 shares of the company’s stock, valued at $15,169,075. The trade was a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 4.50% of the company’s stock.
THOR Industries Company 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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