Pacer Advisors Inc. Purchases 296,583 Shares of THOR Industries, Inc. (NYSE:THO)

Pacer Advisors Inc. lifted its position in shares of THOR Industries, Inc. (NYSE:THO) by 35.1% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,140,363 shares of the construction company’s stock after acquiring an additional 296,583 shares during the quarter. Pacer Advisors Inc. owned approximately 2.14% of THOR Industries worth $106,567,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in shares of THOR Industries in the fourth quarter worth about $65,391,000. Dimensional Fund Advisors LP boosted its holdings in THOR Industries by 6.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,901,024 shares of the construction company’s stock worth $271,097,000 after buying an additional 187,019 shares during the period. Scout Investments Inc. grew its stake in THOR Industries by 89.7% in the 4th quarter. Scout Investments Inc. now owns 239,396 shares of the construction company’s stock valued at $28,309,000 after buying an additional 113,201 shares in the last quarter. American Century Companies Inc. raised its holdings in THOR Industries by 12.2% during the 2nd quarter. American Century Companies Inc. now owns 723,910 shares of the construction company’s stock valued at $67,649,000 after acquiring an additional 78,832 shares during the period. Finally, ACR Alpine Capital Research LLC boosted its holdings in shares of THOR Industries by 4.3% in the second quarter. ACR Alpine Capital Research LLC now owns 1,524,303 shares of the construction company’s stock worth $142,446,000 after acquiring an additional 62,716 shares during the period. Hedge funds and other institutional investors own 96.71% of the company’s stock.

THOR Industries Price Performance

THO stock opened at $103.42 on Friday. 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 capitalization of $5.50 billion, a price-to-earnings ratio of 20.98 and a beta of 1.67. The firm has a 50 day moving average price of $102.37 and a 200-day moving average price of $101.43. THOR Industries, Inc. has a 52-week low of $84.54 and a 52-week high of $129.31.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Truist Financial boosted their price objective on THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a research note on Friday. BMO Capital Markets restated an “outperform” rating and issued a $120.00 price objective on shares of THOR Industries in a research report on Thursday. 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 report on Thursday, June 6th. Benchmark started coverage on shares of THOR Industries in a research note on Thursday, July 18th. They issued a “hold” rating on the stock. Finally, Citigroup reduced 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 analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $104.00.

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.