THOR Industries, Inc. (NYSE:THO) Shares Bought by Fifth Third Wealth Advisors LLC

Fifth Third Wealth Advisors LLC lifted its holdings in shares of THOR Industries, Inc. (NYSE:THO) by 30.9% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,421 shares of the construction company’s stock after purchasing an additional 571 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in THOR Industries were worth $232,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Quarry LP acquired a new stake in THOR Industries during the 2nd quarter worth approximately $28,000. UMB Bank n.a. increased its position in shares of THOR Industries by 2,050.0% during the third quarter. UMB Bank n.a. now owns 258 shares of the construction company’s stock worth $28,000 after acquiring an additional 246 shares during the period. Van ECK Associates Corp acquired a new stake in shares of THOR Industries in the third quarter valued at $32,000. Brooklyn Investment Group purchased a new position in THOR Industries in the third quarter valued at $38,000. Finally, Anchor Investment Management LLC purchased a new position in THOR Industries in the third quarter valued at $58,000. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on THO. Truist Financial reduced their price target on THOR Industries from $105.00 to $98.00 and set a “hold” rating on the stock in a research report on Tuesday, January 7th. StockNews.com cut shares of THOR Industries from a “hold” rating to a “sell” rating in a report on Friday. Benchmark reiterated a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. DA Davidson reissued a “neutral” rating and issued a $95.00 price objective on shares of THOR Industries in a research report on Monday, September 30th. Finally, Citigroup lifted their price objective 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. One equities research 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. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $111.17.

THOR Industries Stock Down 1.9 %

Shares of NYSE:THO opened at $101.97 on Friday. The firm has a 50 day simple moving average of $103.09 and a 200-day simple moving average of $103.61. THOR Industries, Inc. has a twelve month low of $88.37 and a twelve month high of $129.31. 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 company has a market capitalization of $5.43 billion, a PE ratio of 26.08, a P/E/G ratio of 1.08 and a beta of 1.68.

THOR Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, January 6th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend was Monday, January 6th. THOR Industries’s payout ratio is 51.15%.

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.