Louisiana State Employees Retirement System acquired a new stake in Thor Industries, Inc. (NYSE:THO – Free Report) in the first quarter, Holdings Channel.com reports. The fund acquired 15,300 shares of the RV manufacturer’s stock, valued at approximately $1,222,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of THO. Foster Dykema Cabot & Partners LLC purchased a new position in Thor Industries during the third quarter worth about $27,000. V Square Quantitative Management LLC purchased a new stake in shares of Thor Industries in the 4th quarter valued at approximately $29,000. Curio Wealth LLC purchased a new stake in shares of Thor Industries in the 4th quarter valued at approximately $36,000. Danske Bank A S acquired a new stake in shares of Thor Industries during the 3rd quarter worth approximately $41,000. Finally, eCIO Inc. acquired a new stake in shares of Thor Industries during the 4th quarter worth approximately $49,000. 96.71% of the stock is currently owned by institutional investors and hedge funds.
Thor Industries Stock Performance
Shares of THO stock opened at $76.57 on Friday. The firm’s 50 day moving average price is $76.41 and its 200-day moving average price is $90.85. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.80 and a current ratio of 1.71. Thor Industries, Inc. has a one year low of $69.71 and a one year high of $122.83. The firm has a market cap of $3.99 billion, a P/E ratio of 33.15, a P/E/G ratio of 2.03 and a beta of 1.33.
Thor Industries Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be paid a $0.52 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.7%. Thor Industries’s payout ratio is presently 90.04%.
Analyst Ratings Changes
THO has been the topic of a number of recent analyst reports. BMO Capital Markets decreased their price objective on Thor Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, June 4th. Bank of America cut their target price on Thor Industries from $120.00 to $96.00 and set a “buy” rating for the company in a research note on Thursday, June 4th. Weiss Ratings downgraded Thor Industries from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. Benchmark reaffirmed a “hold” rating on shares of Thor Industries in a research note on Friday, June 12th. Finally, BNP Paribas Exane initiated coverage on Thor Industries in a report on Monday, April 20th. They set a “neutral” rating for the company. Three research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $95.67.
Check Out Our Latest Analysis on THO
About Thor Industries
Thor Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and related components for the leisure travel market. Through its family of well-known brands—such as Airstream, Heartland, Jayco, Keystone RV and Thor Motor Coach—the company designs, manufactures and sells a broad range of motorized and towable RVs, complemented by aftermarket parts and service solutions. Thor offers products that span travel trailers, fifth wheels, toy haulers and Class A, B and C motorhomes, addressing both entry-level and premium segments.
Founded in 1980 when Wade Thompson and Peter Orthwein acquired Airstream from Beatrice Foods, Thor Industries has grown organically and through strategic acquisitions to become one of the largest RV producers in the world.
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