Kestra Investment Management LLC Buys New Position in THOR Industries, Inc. (NYSE:THO)

Kestra Investment Management LLC purchased a new position in shares of THOR Industries, Inc. (NYSE:THO) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 678 shares of the construction company’s stock, valued at approximately $65,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Van ECK Associates Corp purchased a new stake in THOR Industries in the 3rd quarter valued at about $32,000. Brooklyn Investment Group bought a new position in shares of THOR Industries in the third quarter valued at approximately $38,000. Stonebridge Financial Group LLC bought a new position in shares of THOR Industries in the fourth quarter valued at approximately $51,000. Anchor Investment Management LLC purchased a new stake in shares of THOR Industries during the third quarter valued at approximately $58,000. Finally, Blue Trust Inc. lifted its holdings in THOR Industries by 62.6% during 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 period. 96.71% of the stock is owned by hedge funds and other institutional investors.

THOR Industries Stock Performance

NYSE THO opened at $99.06 on Friday. The firm has a market cap of $5.27 billion, a P/E ratio of 25.34, a price-to-earnings-growth ratio of 1.18 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. The company’s 50 day moving average is $99.60 and its 200-day moving average is $104.17. THOR Industries, Inc. has a 12-month low of $88.37 and a 12-month high of $129.31.

THOR Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, January 6th were issued a dividend of $0.50 per share. The ex-dividend date was Monday, January 6th. This represents a $2.00 dividend on an annualized basis and a yield of 2.02%. THOR Industries’s payout ratio is 51.15%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on THO. Benchmark restated a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. StockNews.com downgraded shares of THOR Industries from a “hold” rating to a “sell” rating in a research report on Wednesday. Truist Financial lifted their price target on shares of THOR Industries from $98.00 to $110.00 and gave the stock a “hold” rating in a report on Monday, February 10th. Finally, Bank of America started coverage on THOR Industries in a research note on Friday, December 13th. They issued a “neutral” rating and a $120.00 price objective on the stock. 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, THOR Industries has an average rating of “Hold” and an average target price of $113.17.

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.