Swiss National Bank reduced its stake in shares of THOR Industries, Inc. (NYSE:THO – Free Report) by 12.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,800 shares of the construction company’s stock after selling 15,900 shares during the quarter. Swiss National Bank owned about 0.22% of THOR Industries worth $9,222,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also added to or reduced their stakes in the company. CoreCap Advisors LLC purchased a new position in shares of THOR Industries in the fourth quarter valued at $26,000. CI Investments Inc. grew its holdings in shares of THOR Industries by 73.2% in the fourth quarter. CI Investments Inc. now owns 471 shares of the construction company’s stock valued at $36,000 after purchasing an additional 199 shares in the last quarter. Industrial Alliance Investment Management Inc. grew its holdings in shares of THOR Industries by 343.9% in the fourth quarter. Industrial Alliance Investment Management Inc. now owns 617 shares of the construction company’s stock valued at $47,000 after purchasing an additional 478 shares in the last quarter. Eagle Bay Advisors LLC grew its holdings in shares of THOR Industries by 143.1% in the first quarter. Eagle Bay Advisors LLC now owns 1,196 shares of the construction company’s stock valued at $49,000 after purchasing an additional 704 shares in the last quarter. Finally, Covestor Ltd grew its holdings in shares of THOR Industries by 51.7% in the first quarter. Covestor Ltd now owns 725 shares of the construction company’s stock valued at $57,000 after purchasing an additional 247 shares in the last quarter. 98.18% of the stock is owned by hedge funds and other institutional investors.
THOR Industries Stock Up 1.5 %
NYSE:THO opened at $101.35 on Friday. THOR Industries, Inc. has a twelve month low of $67.09 and a twelve month high of $116.31. The company has a market cap of $5.40 billion, a price-to-earnings ratio of 9.73 and a beta of 1.85. The stock has a fifty day simple moving average of $106.03 and a 200-day simple moving average of $91.71. The company has a current ratio of 1.79, a quick ratio of 0.71 and a debt-to-equity ratio of 0.42.
THOR Industries Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, July 21st. Stockholders of record on Friday, July 7th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, July 6th. This represents a $1.80 annualized dividend and a dividend yield of 1.78%. THOR Industries’s dividend payout ratio (DPR) is 17.27%.
Analysts Set New Price Targets
THO has been the subject of a number of recent research reports. Citigroup raised their target price on shares of THOR Industries from $86.00 to $97.00 in a report on Wednesday, June 7th. Truist Financial raised their target price on shares of THOR Industries from $72.00 to $84.00 in a report on Wednesday, June 7th. Robert W. Baird raised their price target on THOR Industries from $95.00 to $110.00 in a research report on Wednesday, June 7th. DA Davidson raised their price target on THOR Industries from $72.00 to $85.00 in a research report on Thursday, June 8th. Finally, StockNews.com initiated coverage on THOR Industries in a research report on Thursday, August 17th. They issued a “hold” rating for the company. Eight analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $93.33.
Insider Transactions at THOR Industries
In other news, SVP Kenneth D. Julian sold 10,000 shares of THOR Industries stock in a transaction on Tuesday, July 18th. The stock was sold at an average price of $110.72, for a total transaction of $1,107,200.00. Following the completion of the sale, the senior vice president now directly owns 30,811 shares in the company, valued at $3,411,393.92. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.50% of the company’s stock.
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.
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