Thor Industries, Inc. $THO Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D boosted its position in shares of Thor Industries, Inc. (NYSE:THO) by 22.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,490 shares of the RV manufacturer’s stock after buying an additional 4,289 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Thor Industries were worth $2,086,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Principal Financial Group Inc. grew its position in shares of Thor Industries by 0.6% in the first quarter. Principal Financial Group Inc. now owns 122,374 shares of the RV manufacturer’s stock valued at $9,277,000 after purchasing an additional 755 shares during the period. Crossmark Global Holdings Inc. grew its position in shares of Thor Industries by 4.2% in the first quarter. Crossmark Global Holdings Inc. now owns 3,560 shares of the RV manufacturer’s stock valued at $270,000 after purchasing an additional 145 shares during the period. Oppenheimer & Co. Inc. grew its position in shares of Thor Industries by 7.5% in the first quarter. Oppenheimer & Co. Inc. now owns 3,281 shares of the RV manufacturer’s stock valued at $249,000 after purchasing an additional 228 shares during the period. Teacher Retirement System of Texas grew its position in shares of Thor Industries by 6.0% in the first quarter. Teacher Retirement System of Texas now owns 13,211 shares of the RV manufacturer’s stock valued at $1,002,000 after purchasing an additional 749 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in shares of Thor Industries by 66.6% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 563 shares of the RV manufacturer’s stock valued at $50,000 after purchasing an additional 225 shares during the period. Institutional investors and hedge funds own 96.71% of the company’s stock.

Thor Industries Price Performance

Shares of THO stock opened at $103.52 on Thursday. 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 firm’s 50-day moving average is $106.65 and its two-hundred day moving average is $93.40. Thor Industries, Inc. has a 12 month low of $63.15 and a 12 month high of $118.85. The company has a market capitalization of $5.45 billion, a PE ratio of 24.82, a price-to-earnings-growth ratio of 1.92 and a beta of 1.35.

Thor Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Thursday, October 23rd will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a yield of 2.0%. This is a boost from Thor Industries’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Thursday, October 23rd. Thor Industries’s payout ratio is presently 49.88%.

Wall Street Analysts Forecast Growth

THO has been the topic of several research analyst reports. DA Davidson lifted their target price on shares of Thor Industries from $78.00 to $102.00 and gave the company a “neutral” rating in a research report on Tuesday, September 30th. Citigroup lowered their price target on shares of Thor Industries from $122.00 to $117.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. Bank of America boosted their price target on shares of Thor Industries from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. Truist Financial lowered their price target on shares of Thor Industries from $115.00 to $110.00 and set a “hold” rating on the stock in a research report on Thursday, October 9th. Finally, Roth Capital set a $93.00 price target on shares of Thor Industries and gave the stock a “neutral” rating in a research report on Wednesday, September 17th. Two research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $104.00.

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.