Duality Advisers LP Reduces Stock Holdings in THOR Industries, Inc. (NYSE:THO)

Posted by Defense World Staff on Sep 18th, 2023

Duality Advisers LP lessened its stake in THOR Industries, Inc. (NYSE:THO – Free Report) by 79.4% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,362 shares of the construction company’s stock after selling 36,086 shares during the quarter. Duality Advisers LP’s holdings in THOR Industries were worth $746,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of THO. 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 stake in shares of THOR Industries by 73.2% during the fourth quarter. CI Investments Inc. now owns 471 shares of the construction company’s stock valued at $36,000 after acquiring an additional 199 shares in the last quarter. Industrial Alliance Investment Management Inc. grew its stake in shares of THOR Industries by 343.9% during the fourth quarter. Industrial Alliance Investment Management Inc. now owns 617 shares of the construction company’s stock valued at $47,000 after acquiring an additional 478 shares in the last quarter. Eagle Bay Advisors LLC increased its position in shares of THOR Industries by 143.1% during the first quarter. Eagle Bay Advisors LLC now owns 1,196 shares of the construction company’s stock worth $49,000 after acquiring an additional 704 shares during the last quarter. Finally, Covestor Ltd lifted its stake in shares of THOR Industries by 51.7% in the first quarter. Covestor Ltd now owns 725 shares of the construction company’s stock worth $57,000 after acquiring an additional 247 shares in the last quarter. Hedge funds and other institutional investors own 96.52% of the company’s stock.

Insider Buying and Selling

In related news, SVP Kenneth D. Julian sold 10,000 shares of the company’s 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 transaction, the senior vice president now directly owns 30,811 shares in the company, valued at approximately $3,411,393.92. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 4.50% of the company’s stock.

THOR Industries Price Performance

THO opened at $95.30 on Monday. The company has a quick ratio of 0.71, a current ratio of 1.79 and a debt-to-equity ratio of 0.42. The company’s 50-day moving average price is $106.64 and its 200 day moving average price is $92.52. THOR Industries, Inc. has a fifty-two week low of $67.09 and a fifty-two week high of $116.31. The firm has a market cap of $5.08 billion, a price-to-earnings ratio of 9.15 and a beta of 1.87.

THOR Industries Announces Dividend

The business also recently declared 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. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date of this dividend was Thursday, July 6th. THOR Industries’s payout ratio is 17.27%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on THO. Truist Financial restated a “hold” rating and set a $84.00 price objective on shares of THOR Industries in a research note on Friday. Robert W. Baird raised their price objective on shares of THOR Industries from $95.00 to $110.00 in a report on Wednesday, June 7th. BMO Capital Markets upped their target price on shares of THOR Industries from $105.00 to $115.00 in a research note on Wednesday, June 7th. StockNews.com assumed coverage on THOR Industries in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Finally, Citigroup boosted their price objective on THOR Industries from $97.00 to $107.00 in a report on Friday, September 1st. Eight research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $95.00.

View Our Latest Report on THOR Industries

THOR Industries Company Profile

(Free Report)

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.