Intech Investment Management LLC Grows Position in Thor Industries, Inc. $THO

Intech Investment Management LLC grew its holdings in Thor Industries, Inc. (NYSE:THO) by 24.1% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,465 shares of the RV manufacturer’s stock after buying an additional 868 shares during the period. Intech Investment Management LLC’s holdings in Thor Industries were worth $397,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of THO. Hantz Financial Services Inc. grew its stake in Thor Industries by 2,463.6% during the 2nd quarter. Hantz Financial Services Inc. now owns 282 shares of the RV manufacturer’s stock valued at $25,000 after acquiring an additional 271 shares in the last quarter. Curio Wealth LLC grew its position in shares of Thor Industries by 33,300.0% in the second quarter. Curio Wealth LLC now owns 334 shares of the RV manufacturer’s stock valued at $30,000 after purchasing an additional 333 shares in the last quarter. Signaturefd LLC grew its position in shares of Thor Industries by 86.6% in the second quarter. Signaturefd LLC now owns 446 shares of the RV manufacturer’s stock valued at $40,000 after purchasing an additional 207 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of Thor Industries by 198.3% in the second quarter. Parallel Advisors LLC now owns 516 shares of the RV manufacturer’s stock valued at $46,000 after purchasing an additional 343 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Thor Industries by 66.6% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 563 shares of the RV manufacturer’s stock worth $50,000 after buying an additional 225 shares in the last quarter. 96.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Zacks Research upgraded Thor Industries from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 3rd. Raymond James Financial raised shares of Thor Industries from an “underperform” rating to a “market perform” rating in a research report on Monday, October 27th. Loop Capital started coverage on shares of Thor Industries in a report on Friday, October 31st. They issued a “hold” rating and a $110.00 price objective for the company. Robert W. Baird raised their price objective on shares of Thor Industries from $90.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, September 25th. Finally, Citigroup decreased their target price on shares of Thor Industries from $122.00 to $117.00 and set a “neutral” rating on the stock in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $104.67.

Thor Industries Trading Down 0.3%

THO opened at $105.62 on Friday. Thor Industries, Inc. has a 52 week low of $63.15 and a 52 week high of $114.49. The company has a quick ratio of 0.90, a current ratio of 1.75 and a debt-to-equity ratio of 0.21. The business has a fifty day simple moving average of $103.89 and a 200-day simple moving average of $97.81. The firm has a market cap of $5.58 billion, a P/E ratio of 25.33, 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 given a $0.52 dividend. The ex-dividend date of this dividend was Thursday, October 23rd. This represents a $2.08 annualized dividend and a yield of 2.0%. This is an increase from Thor Industries’s previous quarterly dividend of $0.50. Thor Industries’s dividend payout ratio is presently 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.