Bridges Investment Management Inc. Sells 579 Shares of THOR Industries, Inc. (NYSE:THO)

Bridges Investment Management Inc. lessened its position in shares of THOR Industries, Inc. (NYSE:THO) by 16.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,874 shares of the construction company’s stock after selling 579 shares during the period. Bridges Investment Management Inc.’s holdings in THOR Industries were worth $275,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Venturi Wealth Management LLC lifted its holdings in shares of THOR Industries by 1.7% during the 4th quarter. Venturi Wealth Management LLC now owns 6,312 shares of the construction company’s stock worth $604,000 after acquiring an additional 108 shares during the period. Sanctuary Advisors LLC lifted its holdings in shares of THOR Industries by 0.5% during the 4th quarter. Sanctuary Advisors LLC now owns 21,614 shares of the construction company’s stock worth $2,278,000 after acquiring an additional 113 shares during the period. Blue Trust Inc. lifted its holdings in shares of THOR Industries by 22.1% during the 4th quarter. Blue Trust Inc. now owns 669 shares of the construction company’s stock worth $64,000 after acquiring an additional 121 shares during the period. 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. Finally, Crossmark Global Holdings Inc. lifted its holdings in shares of THOR Industries by 7.6% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,419 shares of the construction company’s stock worth $375,000 after acquiring an additional 242 shares during the period. Institutional investors own 96.71% of the company’s stock.

THOR Industries Trading Up 0.1 %

Shares of NYSE THO opened at $99.49 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. THOR Industries, Inc. has a 52-week low of $88.37 and a 52-week high of $128.80. The firm has a 50 day moving average price of $99.82 and a two-hundred day moving average price of $104.25. The stock has a market cap of $5.29 billion, a P/E ratio of 25.45, a price-to-earnings-growth ratio of 1.16 and a beta of 1.69.

THOR Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, January 6th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.01%. The ex-dividend date of this dividend was Monday, January 6th. THOR Industries’s dividend payout ratio (DPR) is currently 51.15%.

Wall Street Analyst Weigh In

THO has been the subject of several research reports. Bank of America raised shares of THOR Industries from a “neutral” rating to a “buy” rating and increased their price objective for the company from $110.00 to $125.00 in a research note on Monday. Benchmark reissued a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. 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 note on Monday, February 10th. Finally, StockNews.com raised shares of THOR Industries from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, THOR Industries presently has an average rating of “Moderate Buy” and an average price target of $114.00.

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.