Ritholtz Wealth Management Has $630,000 Position in THOR Industries, Inc. (NYSE:THO)

Ritholtz Wealth Management lessened its holdings in shares of THOR Industries, Inc. (NYSE:THO) by 2.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,586 shares of the construction company’s stock after selling 174 shares during the quarter. Ritholtz Wealth Management’s holdings in THOR Industries were worth $630,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of THO. Fifth Third Wealth Advisors LLC increased its position in shares of THOR Industries by 30.9% during the fourth quarter. Fifth Third Wealth Advisors LLC now owns 2,421 shares of the construction company’s stock worth $232,000 after acquiring an additional 571 shares in the last quarter. Accurate Wealth Management LLC boosted its stake in THOR Industries by 9.9% during the 4th quarter. Accurate Wealth Management LLC now owns 5,182 shares of the construction company’s stock valued at $484,000 after purchasing an additional 465 shares during the last quarter. Reinhart Partners LLC. increased its holdings in THOR Industries by 12.8% during the 4th quarter. Reinhart Partners LLC. now owns 360,142 shares of the construction company’s stock worth $34,469,000 after purchasing an additional 40,868 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of THOR Industries by 37.7% in the third quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock worth $165,078,000 after purchasing an additional 411,466 shares during the last quarter. Finally, Franklin Resources Inc. bought a new position in shares of THOR Industries in the third quarter valued at approximately $233,000. Institutional investors and hedge funds own 96.71% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on THO. StockNews.com downgraded THOR Industries from a “hold” rating to a “sell” rating in a report on Friday. DA Davidson reiterated a “neutral” rating and issued a $95.00 target price on shares of THOR Industries in a report on Monday, September 30th. Citigroup raised their price target on shares of THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a research report on Thursday, September 26th. Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. Finally, Truist Financial dropped their target price on shares of THOR Industries from $105.00 to $98.00 and set a “hold” rating on the stock in a research report on Tuesday, January 7th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $111.17.

THOR Industries Stock Performance

Shares of THO stock opened at $101.97 on Tuesday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71. The firm has a market cap of $5.43 billion, a price-to-earnings ratio of 26.08, a P/E/G ratio of 1.08 and a beta of 1.68. THOR Industries, Inc. has a 52 week low of $88.37 and a 52 week high of $129.31. The firm’s 50-day simple moving average is $102.84 and its two-hundred day simple moving average is $103.75.

THOR Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, January 6th were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.96%. THOR Industries’s dividend payout ratio (DPR) is presently 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.