Stonebridge Financial Group LLC Purchases Shares of 538 THOR Industries, Inc. (NYSE:THO)

Stonebridge Financial Group LLC acquired a new position in shares of THOR Industries, Inc. (NYSE:THO) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 538 shares of the construction company’s stock, valued at approximately $51,000.

Several other hedge funds have also modified their holdings of the stock. Blue Trust Inc. increased its holdings in 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 purchasing an additional 121 shares during the period. Stratos Wealth Advisors LLC grew its position in shares of THOR Industries by 2.2% during the third quarter. Stratos Wealth Advisors LLC now owns 6,411 shares of the construction company’s stock worth $705,000 after buying an additional 135 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in shares of THOR Industries by 0.9% during the third quarter. Nisa Investment Advisors LLC now owns 15,776 shares of the construction company’s stock worth $1,734,000 after buying an additional 135 shares during the period. Crossmark Global Holdings Inc. raised its holdings in THOR Industries by 7.6% in the third quarter. Crossmark Global Holdings Inc. now owns 3,419 shares of the construction company’s stock valued at $375,000 after acquiring an additional 242 shares in the last quarter. Finally, KBC Group NV lifted its stake in THOR Industries by 19.0% in the third quarter. KBC Group NV now owns 1,558 shares of the construction company’s stock worth $171,000 after acquiring an additional 249 shares during the last quarter. 96.71% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have commented on THO. Bank of America started coverage on shares of THOR Industries in a research report on Friday, December 13th. They issued a “neutral” rating and a $120.00 price objective on the stock. Benchmark reissued a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. StockNews.com raised THOR Industries from a “sell” rating to a “hold” rating in a report on Monday. Finally, Truist Financial increased their price objective on THOR Industries from $98.00 to $110.00 and gave the company a “hold” rating in a report on Monday. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $113.17.

THOR Industries Stock Performance

Shares of THO stock opened at $102.64 on Friday. The stock’s 50-day moving average is $100.02 and its two-hundred day moving average is $104.19. 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 1 year low of $88.37 and a 1 year high of $129.31. The firm has a market cap of $5.46 billion, a price-to-earnings ratio of 26.25, a PEG ratio of 1.17 and a beta of 1.69.

THOR Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, January 6th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend was Monday, January 6th. THOR Industries’s dividend payout ratio (DPR) is 51.15%.

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.