THOR Industries, Inc. (NYSE:THO) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. boosted its holdings in shares of THOR Industries, Inc. (NYSE:THO) by 3.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,427 shares of the construction company’s stock after acquiring an additional 2,503 shares during the period. Victory Capital Management Inc. owned 0.14% of THOR Industries worth $6,955,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Principal Securities Inc. purchased a new position in THOR Industries during the fourth quarter worth approximately $125,000. Envestnet Portfolio Solutions Inc. raised its holdings in shares of THOR Industries by 9.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 6,216 shares of the construction company’s stock worth $735,000 after acquiring an additional 533 shares during the period. Norges Bank acquired a new position in shares of THOR Industries during the 4th quarter valued at about $65,391,000. PNC Financial Services Group Inc. grew its holdings in shares of THOR Industries by 11.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 17,797 shares of the construction company’s stock valued at $2,105,000 after purchasing an additional 1,758 shares during the period. Finally, Corient Private Wealth LLC increased its position in THOR Industries by 2.6% during the fourth quarter. Corient Private Wealth LLC now owns 23,512 shares of the construction company’s stock worth $2,780,000 after purchasing an additional 604 shares during the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Benchmark initiated coverage on shares of THOR Industries in a report on Thursday, July 18th. They set a “hold” rating for the company. Truist Financial cut their price objective on THOR Industries from $100.00 to $95.00 and set a “hold” rating for the company in a research report on Thursday, June 6th. Robert W. Baird decreased their target price on shares of THOR Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, June 6th. Finally, Citigroup dropped their price target on shares of THOR Industries from $120.00 to $113.00 and set a “buy” rating for the company in a research report on Friday, June 7th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $102.00.

THOR Industries Trading Up 4.4 %

NYSE THO opened at $102.28 on Monday. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.74 and a current ratio of 1.65. The firm has a market cap of $5.44 billion, a price-to-earnings ratio of 20.75 and a beta of 1.67. The firm has a 50 day simple moving average of $101.40 and a 200-day simple moving average of $101.89. THOR Industries, Inc. has a one year low of $84.54 and a one year high of $129.31.

THOR Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Wednesday, July 3rd were issued a $0.48 dividend. The ex-dividend date was Wednesday, July 3rd. This represents a $1.92 annualized dividend and a yield of 1.88%. THOR Industries’s dividend payout ratio (DPR) is 38.95%.

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.