Commonwealth of Pennsylvania Public School Empls Retrmt SYS Boosts Stock Holdings in Thor Industries, Inc. $THO

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Thor Industries, Inc. (NYSE:THO) by 7.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,670 shares of the RV manufacturer’s stock after buying an additional 948 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Thor Industries were worth $1,214,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. increased its stake in Thor Industries by 66.6% in the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 563 shares of the RV manufacturer’s stock worth $50,000 after purchasing an additional 225 shares during the period. DAVENPORT & Co LLC boosted its stake in shares of Thor Industries by 3.1% during the second quarter. DAVENPORT & Co LLC now owns 16,029 shares of the RV manufacturer’s stock valued at $1,424,000 after purchasing an additional 480 shares during the period. Nuveen LLC bought a new position in shares of Thor Industries in the first quarter worth approximately $8,627,000. Maryland State Retirement & Pension System purchased a new position in shares of Thor Industries in the second quarter worth $211,000. Finally, XTX Topco Ltd bought a new stake in Thor Industries during the 1st quarter valued at $277,000. Institutional investors own 96.71% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on THO shares. Zacks Research raised shares of Thor Industries from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 3rd. Roth Capital set a $93.00 target price on shares of Thor Industries and gave the stock a “neutral” rating in a report on Wednesday, September 17th. Loop Capital started coverage on Thor Industries in a research note on Friday, October 31st. They issued a “hold” rating and a $110.00 target price on the stock. Citigroup lowered their price target on Thor Industries from $122.00 to $117.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. Finally, Truist Financial dropped their price objective on Thor Industries from $115.00 to $110.00 and set a “hold” rating for the company in a report on Thursday, October 9th. Two investment analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $104.67.

Thor Industries Price Performance

Shares of NYSE THO opened at $100.84 on Friday. Thor Industries, Inc. has a 1 year low of $63.15 and a 1 year high of $118.85. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 0.90. The company’s 50-day moving average is $103.74 and its 200 day moving average is $96.84. The stock has a market capitalization of $5.33 billion, a P/E ratio of 24.18, a P/E/G ratio of 1.81 and a beta of 1.32.

Thor Industries Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Thursday, October 23rd were issued a dividend of $0.52 per share. This is a positive change from Thor Industries’s previous quarterly dividend of $0.50. The ex-dividend date was Thursday, October 23rd. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.1%. Thor Industries’s dividend payout ratio (DPR) is currently 49.88%.

Thor Industries Company 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.