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

Allspring Global Investments Holdings LLC grew its holdings in shares of THOR Industries, Inc. (NYSE:THO – Get Rating) by 19.1% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 11,121 shares of the construction company’s stock after purchasing 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 and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. raised its holdings in THOR Industries by 52.4% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 445 shares of the construction company’s stock worth $33,000 after purchasing an additional 153 shares in the last quarter. CoreCap Advisors LLC bought a new stake in THOR Industries during the second quarter worth approximately $36,000. Covestor Ltd raised its holdings in THOR Industries by 51.7% during the first quarter. Covestor Ltd now owns 725 shares of the construction company’s stock worth $57,000 after purchasing an additional 247 shares in the last quarter. Fifth Third Bancorp raised its holdings in THOR Industries by 98.3% during the second quarter. Fifth Third Bancorp now owns 932 shares of the construction company’s stock worth $70,000 after purchasing an additional 462 shares in the last quarter. Finally, Venture Visionary Partners LLC bought a new stake in THOR Industries during the second quarter worth approximately $73,000. Institutional investors own 98.68% of the company’s stock.

THOR Industries Trading Up 2.3 %

NYSE THO opened at $88.05 on Monday. THOR Industries, Inc. has a twelve month low of $66.26 and a twelve month high of $100.14. 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 stock has a market cap of $4.71 billion, a price-to-earnings ratio of 4.69 and a beta of 1.68. 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 company also recently disclosed a quarterly dividend, which was paid on Friday, January 13th. Shareholders of record on Friday, December 30th were given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend was Thursday, December 29th. THOR Industries’s payout ratio is 9.58%.

Analyst Ratings Changes

THO has been the topic of several recent analyst reports. DA Davidson raised THOR Industries from an “underperform” rating to a “neutral” rating and boosted their target price for the stock from $65.00 to $85.00 in a report on Monday, January 9th. Benchmark lowered shares of THOR Industries from a “buy” rating to a “hold” rating in a research report on Thursday, October 27th. MKM Partners decreased their price target on shares of THOR Industries to $69.00 in a research report on Friday, September 30th. Citigroup lifted their price target on shares of THOR Industries to $87.00 in a research report on Monday, December 12th. Finally, Argus lowered shares of THOR Industries from a “buy” rating to a “hold” rating in a research report on Monday, October 3rd. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $79.50.

THOR Industries Company Profile

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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.