Franklin Resources Inc. Takes $233,000 Position in THOR Industries, Inc. (NYSE:THO)

Franklin Resources Inc. purchased a new position in THOR Industries, Inc. (NYSE:THO) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,107 shares of the construction company’s stock, valued at approximately $233,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of THO. Kayne Anderson Rudnick Investment Management LLC increased its stake in THOR Industries by 0.4% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,356,769 shares of the construction company’s stock worth $500,590,000 after purchasing an additional 21,841 shares during the period. Dimensional Fund Advisors LP increased its stake 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. State Street Corp lifted its holdings in THOR Industries by 2.1% during the 3rd quarter. State Street Corp now owns 1,624,002 shares of the construction company’s stock valued at $178,462,000 after buying an additional 33,619 shares in the last quarter. Pacer Advisors Inc. boosted its position in THOR Industries by 2.8% in the 3rd quarter. Pacer Advisors Inc. now owns 1,171,779 shares of the construction company’s stock valued at $128,767,000 after buying an additional 31,416 shares during the period. Finally, Geode Capital Management LLC boosted its position in THOR Industries by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 911,232 shares of the construction company’s stock valued at $100,161,000 after buying an additional 12,758 shares during the period. 96.71% of the stock is owned by institutional investors.

Insider Buying and Selling at THOR Industries

In other news, VP Colleen A. Zuhl sold 4,354 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $115.00, for a total transaction of $500,710.00. Following the transaction, the vice president now directly owns 131,905 shares of the company’s stock, valued at approximately $15,169,075. This represents a 3.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 4.50% of the company’s stock.

THOR Industries Trading Up 1.4 %

THO opened at $95.71 on Thursday. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26. The firm has a market cap of $5.09 billion, a price-to-earnings ratio of 24.48 and a beta of 1.67. THOR Industries, Inc. has a 12 month low of $88.37 and a 12 month high of $129.31. The stock has a fifty day moving average price of $105.43 and a 200-day moving average price of $103.15.

THOR Industries Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Monday, January 6th will be issued a $0.50 dividend. The ex-dividend date is Monday, January 6th. This represents a $2.00 dividend on an annualized basis and a yield of 2.09%. THOR Industries’s dividend payout ratio is presently 51.15%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on THO. Citigroup raised their target price on shares of THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. Benchmark restated a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. StockNews.com upgraded THOR Industries from a “sell” rating to a “hold” rating in a report on Wednesday, December 25th. DA Davidson reissued a “neutral” rating and set a $95.00 price target on shares of THOR Industries in a research report on Monday, September 30th. Finally, Bank of America began coverage on THOR Industries in a report on Friday, December 13th. They issued a “neutral” rating and a $120.00 price objective for the company. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $112.33.

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.