THOR Industries, Inc. (NYSE:THO) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its holdings in shares of THOR Industries, Inc. (NYSE:THO) by 2.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,055 shares of the construction company’s stock after selling 145 shares during the quarter. State of Alaska Department of Revenue’s holdings in THOR Industries were worth $579,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in THO. Van ECK Associates Corp acquired a new stake in shares of THOR Industries in the third quarter valued at $32,000. Brooklyn Investment Group acquired a new position in shares of THOR Industries during the third quarter worth about $38,000. Anchor Investment Management LLC acquired a new stake in THOR Industries in the third quarter valued at approximately $58,000. Blue Trust Inc. lifted its stake in THOR Industries by 62.6% in the third quarter. Blue Trust Inc. now owns 548 shares of the construction company’s stock worth $60,000 after acquiring an additional 211 shares during the last quarter. Finally, Quarry LP increased its position in shares of THOR Industries by 131.0% in the 3rd quarter. Quarry LP now owns 686 shares of the construction company’s stock valued at $75,000 after purchasing an additional 389 shares during the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. StockNews.com raised shares of THOR Industries from a “sell” rating to a “hold” rating in a research report on Monday, February 10th. Bank of America began coverage on THOR Industries in a research report on Friday, December 13th. They set a “neutral” rating and a $120.00 price objective for the company. Truist Financial raised their target price on THOR Industries from $98.00 to $110.00 and gave the stock a “hold” rating in a research report on Monday, February 10th. Finally, Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, THOR Industries currently has an average rating of “Hold” and a consensus target price of $113.17.

THOR Industries Stock Up 1.2 %

Shares of NYSE THO opened at $103.79 on Friday. The business has a 50-day moving average price of $99.96 and a 200 day moving average price of $104.17. The stock has a market cap of $5.52 billion, a PE ratio of 26.54, a price-to-earnings-growth ratio of 1.17 and a beta of 1.69. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. THOR Industries, Inc. has a 52-week low of $88.37 and a 52-week high of $129.31.

THOR Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, January 6th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend was Monday, January 6th. THOR Industries’s payout ratio is currently 51.15%.

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.