Stratos Wealth Advisors LLC Sells 119 Shares of THOR Industries, Inc. (NYSE:THO)

Stratos Wealth Advisors LLC reduced its holdings in THOR Industries, Inc. (NYSE:THO) by 1.9% in the 4th quarter, HoldingsChannel reports. The fund owned 6,292 shares of the construction company’s stock after selling 119 shares during the period. Stratos Wealth Advisors LLC’s holdings in THOR Industries were worth $602,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the business. JPMorgan Chase & Co. increased its holdings in THOR Industries by 37.7% in the third quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock valued at $165,078,000 after purchasing an additional 411,466 shares during the period. Natixis Advisors LLC grew its position in shares of THOR Industries by 51.3% in the 3rd quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company’s stock valued at $55,486,000 after buying an additional 171,244 shares during the last quarter. State Street Corp increased its stake in shares of THOR Industries by 2.1% in the third 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 during the period. Jade Capital Advisors LLC bought a new position in shares of THOR Industries during the third quarter worth about $4,121,000. Finally, Radnor Capital Management LLC acquired a new position in shares of THOR Industries in the third quarter worth approximately $631,000. Institutional investors own 96.71% of the company’s stock.

THOR Industries Stock Performance

Shares of THO opened at $99.33 on Friday. THOR Industries, Inc. has a one year low of $88.37 and a one year high of $129.31. The company has a market cap of $5.29 billion, a PE ratio of 25.40, a P/E/G ratio of 1.20 and a beta of 1.69. The stock has a 50-day moving average of $100.42 and a 200-day moving average of $104.14. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78.

THOR Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, January 6th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date of this dividend was Monday, January 6th. THOR Industries’s payout ratio is 51.15%.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on THO shares. Benchmark restated a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. Bank of America initiated coverage on shares of THOR Industries in a research note on Friday, December 13th. They set a “neutral” rating and a $120.00 target price for the company. Truist Financial cut their price target 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. Finally, StockNews.com lowered THOR Industries from a “hold” rating to a “sell” rating in a research report on Sunday, February 2nd. One 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 stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $111.17.

THOR Industries 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.