Thor Industries, Inc. $THO Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC increased its stake in Thor Industries, Inc. (NYSE:THO) by 24.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,465 shares of the RV manufacturer’s stock after acquiring an additional 868 shares during the period. Intech Investment Management LLC’s holdings in Thor Industries were worth $397,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cetera Investment Advisers raised its position in Thor Industries by 28.5% in the 1st quarter. Cetera Investment Advisers now owns 49,492 shares of the RV manufacturer’s stock valued at $3,752,000 after purchasing an additional 10,974 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Thor Industries by 6.2% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,433 shares of the RV manufacturer’s stock valued at $1,094,000 after acquiring an additional 843 shares in the last quarter. LPL Financial LLC raised its holdings in Thor Industries by 1.9% in the first quarter. LPL Financial LLC now owns 41,119 shares of the RV manufacturer’s stock valued at $3,117,000 after acquiring an additional 752 shares in the last quarter. Federated Hermes Inc. lifted its stake in Thor Industries by 25.9% in the first quarter. Federated Hermes Inc. now owns 7,034 shares of the RV manufacturer’s stock worth $533,000 after acquiring an additional 1,448 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in Thor Industries during the 1st quarter worth approximately $277,000. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

THO has been the topic of a number of recent analyst reports. Bank of America increased their price objective on shares of Thor Industries from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. Roth Capital set a $93.00 target price on shares of Thor Industries and gave the stock a “neutral” rating in a research note on Wednesday, September 17th. BMO Capital Markets raised their price target on Thor Industries from $105.00 to $115.00 and gave the company an “outperform” rating in a research note on Friday, September 26th. Truist Financial decreased their price target on Thor Industries from $115.00 to $110.00 and set a “hold” rating for the company in a report on Thursday, October 9th. Finally, Citigroup lowered their price objective 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. Two equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $104.67.

Thor Industries Stock Down 0.3%

Shares of NYSE THO opened at $105.62 on Friday. The stock has a market cap of $5.58 billion, a PE ratio of 25.33, a price-to-earnings-growth ratio of 1.81 and a beta of 1.32. The company has a quick ratio of 0.90, a current ratio of 1.75 and a debt-to-equity ratio of 0.21. Thor Industries, Inc. has a 52-week low of $63.15 and a 52-week high of $114.49. The business has a 50-day moving average price of $103.89 and a 200 day moving average price of $97.81.

Thor Industries Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, November 6th. Stockholders of record on Thursday, October 23rd were given a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.0%. This is a boost from Thor Industries’s previous quarterly dividend of $0.50. The ex-dividend date was Thursday, October 23rd. Thor Industries’s payout ratio is 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.