Bleakley Financial Group LLC Sells 587 Shares of THOR Industries, Inc. (NYSE:THO)

Bleakley Financial Group LLC lessened its holdings in shares of THOR Industries, Inc. (NYSE:THO) by 8.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,673 shares of the construction company’s stock after selling 587 shares during the quarter. Bleakley Financial Group LLC’s holdings in THOR Industries were worth $639,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of THO. JPMorgan Chase & Co. grew its holdings in shares of THOR Industries by 37.7% during the third quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock valued at $165,078,000 after buying an additional 411,466 shares during the last quarter. Natixis Advisors LLC boosted its position in shares of THOR Industries by 51.3% during the third quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company’s stock valued at $55,486,000 after buying an additional 171,244 shares during the last quarter. State Street Corp raised its position in THOR Industries by 2.1% in the 3rd quarter. State Street Corp now owns 1,624,002 shares of the construction company’s stock valued at $178,462,000 after buying an additional 33,619 shares during the last quarter. Jade Capital Advisors LLC purchased a new position in THOR Industries during the 3rd quarter worth $4,121,000. Finally, Radnor Capital Management LLC purchased a new stake in shares of THOR Industries in the third quarter valued at about $631,000. Institutional investors and hedge funds own 96.71% of the company’s stock.

THOR Industries Price Performance

Shares of NYSE THO opened at $99.33 on Monday. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26. The stock has a fifty day simple moving average of $100.42 and a two-hundred day simple moving average of $104.23. THOR Industries, Inc. has a 1-year low of $88.37 and a 1-year high of $129.31. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 25.40, a price-to-earnings-growth ratio of 1.17 and a beta of 1.69.

THOR Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, January 6th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.01%. The ex-dividend date was Monday, January 6th. THOR Industries’s dividend payout ratio is currently 51.15%.

Analyst Upgrades and Downgrades

THO has been the topic of several analyst reports. Bank of America began coverage on shares of THOR Industries in a report on Friday, December 13th. They set a “neutral” rating and a $120.00 price target on the stock. StockNews.com raised THOR Industries from a “sell” rating to a “hold” rating in a report on Monday. Truist Financial decreased their price target on THOR Industries from $105.00 to $98.00 and set a “hold” rating for the company in a research report on Tuesday, January 7th. Finally, Benchmark reissued a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, THOR Industries has a consensus rating of “Hold” and an average price target of $111.17.

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.