Hosking Partners LLP Has $6.32 Million Position in THOR Industries, Inc. (NYSE:THO)

Hosking Partners LLP cut its position in shares of THOR Industries, Inc. (NYSE:THO) by 11.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 65,985 shares of the construction company’s stock after selling 8,514 shares during the quarter. Hosking Partners LLP’s holdings in THOR Industries were worth $6,315,000 as of its most recent filing with the Securities & Exchange Commission.

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

THOR Industries Stock Down 3.1 %

NYSE THO opened at $98.30 on Friday. The stock’s 50 day simple moving average is $99.72 and its 200 day simple moving average is $104.19. THOR Industries, Inc. has a one year low of $88.37 and a one year high of $129.31. The firm has a market cap of $5.23 billion, a PE ratio of 25.14, a price-to-earnings-growth ratio of 1.16 and a beta of 1.69. 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 Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, January 6th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.03%. The ex-dividend date of this dividend was Monday, January 6th. THOR Industries’s payout ratio is presently 51.15%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on THO shares. Bank of America assumed coverage on THOR Industries in a report on Friday, December 13th. They set a “neutral” rating and a $120.00 price objective on the stock. Benchmark restated a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. Truist Financial upped their price target on THOR Industries from $98.00 to $110.00 and gave the company a “hold” rating in a research report on Monday, February 10th. Finally, StockNews.com upgraded THOR Industries from a “sell” rating to a “hold” rating in a research note on Thursday. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $113.17.

THOR Industries Company 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.