Thor Industries, Inc. $THO Shares Acquired by QV Investors Inc.

QV Investors Inc. raised its position in shares of Thor Industries, Inc. (NYSE:THO) by 108.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 181,066 shares of the RV manufacturer’s stock after acquiring an additional 94,030 shares during the quarter. Thor Industries makes up about 1.6% of QV Investors Inc.’s holdings, making the stock its 21st largest holding. QV Investors Inc. owned 0.34% of Thor Industries worth $16,080,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Thor Industries by 6.5% in the first quarter. Vanguard Group Inc. now owns 5,376,681 shares of the RV manufacturer’s stock valued at $407,606,000 after purchasing an additional 326,584 shares during the last quarter. ACR Alpine Capital Research LLC increased its holdings in shares of Thor Industries by 62.5% in the first quarter. ACR Alpine Capital Research LLC now owns 3,482,917 shares of the RV manufacturer’s stock valued at $264,040,000 after purchasing an additional 1,339,951 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Thor Industries by 1.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,959,547 shares of the RV manufacturer’s stock valued at $224,364,000 after purchasing an additional 29,012 shares during the last quarter. Timucuan Asset Management Inc. FL increased its holdings in shares of Thor Industries by 20.1% in the first quarter. Timucuan Asset Management Inc. FL now owns 2,448,401 shares of the RV manufacturer’s stock valued at $185,613,000 after purchasing an additional 409,636 shares during the last quarter. Finally, Southpoint Capital Advisors LP increased its holdings in shares of Thor Industries by 106.2% in the first quarter. Southpoint Capital Advisors LP now owns 1,250,000 shares of the RV manufacturer’s stock valued at $94,762,000 after purchasing an additional 643,851 shares during the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Zacks Research raised Thor Industries from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 3rd. DA Davidson raised their target price on Thor Industries from $78.00 to $102.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 30th. Truist Financial cut their target price on Thor Industries from $115.00 to $110.00 and set a “hold” rating for the company in a research note on Thursday, October 9th. Weiss Ratings reissued a “hold (c)” rating on shares of Thor Industries in a research note on Friday. Finally, BMO Capital Markets raised their target price on Thor Industries from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, September 26th. Two analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $104.00.

Thor Industries Trading Up 1.4%

THO opened at $110.53 on Friday. Thor Industries, Inc. has a 52 week low of $63.15 and a 52 week high of $118.85. The business has a fifty day simple moving average of $106.60 and a 200-day simple moving average of $92.47. The firm has a market cap of $5.82 billion, a P/E ratio of 26.51, a P/E/G ratio of 1.94 and a beta of 1.35. The company has a quick ratio of 0.90, a current ratio of 1.75 and a debt-to-equity ratio of 0.21.

Thor Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Thursday, October 23rd will be given a dividend of $0.52 per share. This is an increase from Thor Industries’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Thursday, October 23rd. Thor Industries’s dividend payout ratio (DPR) is 49.88%.

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.