NewEdge Wealth LLC Cuts Stake in THOR Industries, Inc. (NYSE:THO)

NewEdge Wealth LLC reduced its holdings in shares of THOR Industries, Inc. (NYSE:THO) by 2.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,215 shares of the construction company’s stock after selling 626 shares during the period. NewEdge Wealth LLC’s holdings in THOR Industries were worth $2,892,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in THO. Van ECK Associates Corp purchased a new stake in shares of THOR Industries in the 3rd quarter valued at approximately $32,000. First Horizon Advisors Inc. increased its position in shares of THOR Industries by 57.3% in the 4th quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock valued at $32,000 after purchasing an additional 121 shares during the last quarter. Brooklyn Investment Group purchased a new stake in shares of THOR Industries in the 3rd quarter valued at approximately $38,000. Anchor Investment Management LLC purchased a new stake in shares of THOR Industries in the 3rd quarter valued at approximately $58,000. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of THOR Industries in the 4th quarter valued at approximately $51,000. 96.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on THO. Truist Financial increased their price objective on shares of THOR Industries from $98.00 to $110.00 and gave the company a “hold” rating in a research report on Monday, February 10th. Bank of America began coverage on shares of THOR Industries in a research report on Friday, December 13th. They issued a “neutral” rating and a $120.00 price objective on the stock. StockNews.com raised shares of THOR Industries from a “sell” rating to a “hold” rating in a research report on Thursday. Finally, Benchmark restated a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $113.17.

THOR Industries Trading Up 1.3 %

Shares of THOR Industries stock opened at $99.44 on Friday. The company has a fifty day simple moving average of $99.76 and a 200-day simple moving average of $104.20. THOR Industries, Inc. has a 12-month low of $88.37 and a 12-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 stock has a market cap of $5.29 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 1.16 and a beta of 1.69.

THOR Industries Announces Dividend

The business also recently announced 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 2.01%. The ex-dividend date was Monday, January 6th. THOR Industries’s payout ratio is 51.15%.

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.