THOR Industries, Inc. (NYSE:THO) Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its stake in THOR Industries, Inc. (NYSE:THOGet Rating) by 19.1% in the third quarter, HoldingsChannel.com reports. The fund owned 11,121 shares of the construction company’s stock after buying an additional 1,781 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in THOR Industries were worth $778,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. boosted its stake in THOR Industries by 52.4% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 445 shares of the construction company’s stock valued at $33,000 after acquiring an additional 153 shares during the period. CoreCap Advisors LLC bought a new stake in shares of THOR Industries during the second quarter valued at approximately $36,000. Covestor Ltd raised its holdings in shares of THOR Industries by 51.7% during the first quarter. Covestor Ltd now owns 725 shares of the construction company’s stock valued at $57,000 after buying an additional 247 shares during the last quarter. Wipfli Financial Advisors LLC bought a new stake in shares of THOR Industries during the third quarter valued at approximately $68,000. Finally, Fifth Third Bancorp raised its holdings in shares of THOR Industries by 98.3% during the second quarter. Fifth Third Bancorp now owns 932 shares of the construction company’s stock valued at $70,000 after buying an additional 462 shares during the last quarter. 98.68% of the stock is currently owned by institutional investors and hedge funds.

THOR Industries Trading Up 2.3 %

THOR Industries stock opened at $88.05 on Monday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.70 and a current ratio of 1.85. The firm has a market cap of $4.71 billion, a price-to-earnings ratio of 4.69 and a beta of 1.68. THOR Industries, Inc. has a 1 year low of $66.26 and a 1 year high of $100.14. The firm’s 50 day moving average price is $83.39 and its two-hundred day moving average price is $81.61.

THOR Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were given a $0.45 dividend. The ex-dividend date was Thursday, December 29th. This represents a $1.80 annualized dividend and a yield of 2.04%. THOR Industries’s dividend payout ratio (DPR) is 9.58%.

Wall Street Analysts Forecast Growth

THO has been the topic of a number of recent analyst reports. Argus cut THOR Industries from a “buy” rating to a “hold” rating in a report on Monday, October 3rd. Benchmark cut THOR Industries from a “buy” rating to a “hold” rating in a report on Thursday, October 27th. Citigroup lifted their price target on THOR Industries to $87.00 in a report on Monday, December 12th. MKM Partners dropped their target price on THOR Industries to $69.00 in a report on Friday, September 30th. Finally, StockNews.com initiated coverage on THOR Industries in a report on Wednesday, October 12th. They set a “hold” rating on the stock. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $79.50.

About THOR Industries

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Thor Industries, Inc engages in the manufacture and sale of recreational vehicles. It operates through the following segments: North American Towable Recreational Vehicles, North American Motorized Recreational Vehicles, and European Recreational Vehicles. The North American Towable Recreational Vehicles segment includes operating entities such as Airstream, Heartland, Jayco, Keystone, and KZ.

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Institutional Ownership by Quarter for THOR Industries (NYSE:THO)

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