Mercer Global Advisors Inc. ADV Sells 555 Shares of THOR Industries, Inc. (NYSE:THO)

Mercer Global Advisors Inc. ADV lowered its position in shares of THOR Industries, Inc. (NYSE:THO) by 4.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,833 shares of the construction company’s stock after selling 555 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in THOR Industries were worth $1,199,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Mather Group LLC. bought a new stake in THOR Industries during the first quarter worth about $30,000. Tortoise Investment Management LLC lifted its stake in THOR Industries by 77.0% during the second quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock worth $27,000 after purchasing an additional 124 shares during the last quarter. Parallel Advisors LLC lifted its stake in 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 purchasing an additional 121 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of THOR Industries by 548.1% in the 2nd quarter. Blue Trust Inc. now owns 337 shares of the construction company’s stock valued at $31,000 after acquiring an additional 285 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. lifted its stake 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 last quarter. Institutional investors own 96.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on THO shares. Truist Financial boosted their target price on THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a research note on Friday, September 20th. BMO Capital Markets reissued an “outperform” rating and issued a $120.00 target price on shares of THOR Industries in a research note on Thursday, September 19th. Robert W. Baird lowered their target price on THOR Industries from $120.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, June 6th. Benchmark began coverage on THOR Industries in a research note on Thursday, July 18th. They issued a “hold” rating for the company. Finally, Citigroup reduced 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. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, THOR Industries presently has an average rating of “Moderate Buy” and an average target price of $112.00.

THOR Industries Stock Up 6.1 %

Shares of NYSE:THO opened at $109.47 on Wednesday. THOR Industries, Inc. has a 1 year low of $84.54 and a 1 year high of $129.31. The company has a market cap of $5.82 billion, a PE ratio of 22.20 and a beta of 1.67. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.65 and a quick ratio of 0.74. The stock’s 50-day moving average is $102.51 and its 200 day moving average is $101.22.

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.