Fisher Asset Management LLC reduced its stake in shares of THOR Industries, Inc. (NYSE:THO – Free Report) by 9.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 207,051 shares of the construction company’s stock after selling 21,473 shares during the quarter. Fisher Asset Management LLC owned 0.39% of THOR Industries worth $21,429,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the stock. Macquarie Group Ltd. raised its stake in THOR Industries by 3.9% during the 2nd quarter. Macquarie Group Ltd. now owns 3,028 shares of the construction company’s stock valued at $227,000 after purchasing an additional 113 shares during the last quarter. Creative Planning raised its stake in THOR Industries by 4.4% during the 2nd quarter. Creative Planning now owns 2,983 shares of the construction company’s stock valued at $309,000 after purchasing an additional 125 shares during the last quarter. Money Concepts Capital Corp raised its stake in THOR Industries by 1.3% during the 4th quarter. Money Concepts Capital Corp now owns 10,545 shares of the construction company’s stock valued at $796,000 after purchasing an additional 131 shares during the last quarter. Advisor OS LLC raised its stake in THOR Industries by 2.0% during the 2nd quarter. Advisor OS LLC now owns 7,064 shares of the construction company’s stock valued at $731,000 after purchasing an additional 136 shares during the last quarter. Finally, Quantinno Capital Management LP raised its stake in shares of THOR Industries by 2.2% in the 2nd quarter. Quantinno Capital Management LP now owns 6,485 shares of the construction company’s stock valued at $671,000 after buying an additional 138 shares in the last quarter. 96.52% of the stock is currently owned by institutional investors and hedge funds.
THOR Industries Trading Up 1.7 %
Shares of THO stock opened at $92.88 on Tuesday. The company has a quick ratio of 0.66, a current ratio of 1.63 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $4.95 billion, a P/E ratio of 13.36 and a beta of 1.85. THOR Industries, Inc. has a 12-month low of $74.00 and a 12-month high of $116.31. The firm has a 50-day moving average price of $93.42 and a 200 day moving average price of $95.96.
THOR Industries Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 10th. Shareholders of record on Wednesday, November 1st were given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend was Tuesday, October 31st. This is a boost from THOR Industries’s previous quarterly dividend of $0.45. THOR Industries’s dividend payout ratio (DPR) is presently 27.63%.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the stock. Roth Mkm reaffirmed a “neutral” rating and set a $72.00 price objective on shares of THOR Industries in a report on Friday, September 22nd. Truist Financial raised their price objective on shares of THOR Industries from $84.00 to $86.00 and gave the stock a “hold” rating in a report on Tuesday, September 26th. StockNews.com assumed coverage on shares of THOR Industries in a report on Thursday, October 5th. They set a “hold” rating for the company. BMO Capital Markets reaffirmed an “outperform” rating and set a $115.00 price objective on shares of THOR Industries in a report on Tuesday, September 26th. Finally, Citigroup cut their price target on shares of THOR Industries from $107.00 to $93.00 in a report on Thursday, September 28th. Seven investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $93.50.
THOR Industries 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.
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