Thor Industries, Inc. $THO Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas cut its stake in shares of Thor Industries, Inc. (NYSE:THO) by 23.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 10,132 shares of the RV manufacturer’s stock after selling 3,079 shares during the period. Teacher Retirement System of Texas’ holdings in Thor Industries were worth $900,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Bessemer Group Inc. raised its stake in shares of Thor Industries by 118.3% during the second quarter. Bessemer Group Inc. now owns 9,334 shares of the RV manufacturer’s stock worth $829,000 after purchasing an additional 5,059 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Thor Industries by 7.2% in the 2nd quarter. Envestnet Asset Management Inc. now owns 843,051 shares of the RV manufacturer’s stock valued at $74,871,000 after buying an additional 56,377 shares during the period. Nisa Investment Advisors LLC increased its stake in Thor Industries by 29.4% in the 2nd quarter. Nisa Investment Advisors LLC now owns 20,244 shares of the RV manufacturer’s stock valued at $1,798,000 after buying an additional 4,603 shares during the period. Oppenheimer Asset Management Inc. raised its position in Thor Industries by 22.8% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 672,694 shares of the RV manufacturer’s stock worth $59,742,000 after buying an additional 125,035 shares during the last quarter. Finally, QV Investors Inc. lifted its stake in shares of Thor Industries by 108.0% in the 2nd quarter. QV Investors Inc. now owns 181,066 shares of the RV manufacturer’s stock worth $16,080,000 after acquiring an additional 94,030 shares during the period. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on THO. Roth Capital set a $93.00 price target on shares of Thor Industries and gave the stock a “neutral” rating in a research note on Wednesday, September 17th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Thor Industries in a report on Wednesday, October 8th. DA Davidson increased 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. Robert W. Baird raised their price target on Thor Industries from $90.00 to $110.00 and gave the company a “neutral” rating in a report on Thursday, September 25th. Finally, Zacks Research raised Thor Industries from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 3rd. Two research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat.com, Thor Industries has a consensus rating of “Hold” and an average price target of $104.67.

Thor Industries Stock Performance

NYSE THO opened at $103.80 on Friday. Thor Industries, Inc. has a 1-year low of $63.15 and a 1-year high of $118.85. The company has a market capitalization of $5.46 billion, a P/E ratio of 24.89, a PEG ratio of 1.81 and a beta of 1.32. The business has a 50 day moving average price of $105.81 and a 200 day moving average price of $94.91. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 0.90.

Thor Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Thursday, October 23rd were paid a dividend of $0.52 per share. This is a boost from Thor Industries’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Thursday, October 23rd. This represents a $2.08 annualized dividend and a dividend yield of 2.0%. Thor Industries’s dividend payout ratio is presently 49.88%.

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.