Amalgamated Bank Reduces Position in THOR Industries, Inc. (NYSE:THO)

Amalgamated Bank cut its holdings in shares of THOR Industries, Inc. (NYSE:THO) by 8.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 33,026 shares of the construction company’s stock after selling 2,918 shares during the quarter. Amalgamated Bank owned about 0.06% of THOR Industries worth $3,086,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Gamco Investors INC. ET AL boosted its position in shares of THOR Industries by 2.5% during the 1st quarter. Gamco Investors INC. ET AL now owns 4,100 shares of the construction company’s stock valued at $481,000 after acquiring an additional 100 shares during the last quarter. Ontario Teachers Pension Plan Board boosted its holdings in THOR Industries by 0.8% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 13,960 shares of the construction company’s stock valued at $1,638,000 after purchasing an additional 108 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of THOR Industries by 70.8% in the 4th quarter. Parallel Advisors LLC now owns 292 shares of the construction company’s stock valued at $35,000 after buying an additional 121 shares during the period. Tortoise Investment Management LLC increased its holdings in shares of THOR Industries by 77.0% during the 2nd quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock worth $27,000 after buying an additional 124 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in shares of THOR Industries by 2.3% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,714 shares of the construction company’s stock valued at $670,000 after buying an additional 131 shares during the period. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Wall Street Analysts Forecast Growth

THO has been the subject of a number of recent analyst reports. BMO Capital Markets reissued an “outperform” rating and set a $120.00 price objective on shares of THOR Industries in a research report on Thursday, September 19th. Benchmark assumed coverage on shares of THOR Industries in a research note on Thursday, July 18th. They issued a “hold” rating on the stock. Truist Financial increased their price objective on shares of THOR Industries from $95.00 to $105.00 and gave the stock a “hold” rating in a research report on Friday. Robert W. Baird cut their target price on THOR Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, June 6th. Finally, Citigroup lowered their price target on THOR Industries from $120.00 to $113.00 and set a “buy” rating for the company in a research report on Friday, June 7th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, THOR Industries presently has a consensus rating of “Moderate Buy” and an average target price of $112.00.

THOR Industries Price Performance

THOR Industries stock opened at $103.19 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 1.65 and a debt-to-equity ratio of 0.30. THOR Industries, Inc. has a 52-week low of $84.54 and a 52-week high of $129.31. The firm has a market cap of $5.49 billion, a PE ratio of 20.93 and a beta of 1.67. The company’s 50 day moving average is $102.40 and its two-hundred day moving average is $101.19.

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.