Thor Industries, Inc. $THO Shares Sold by Swiss National Bank

Swiss National Bank lowered its position in Thor Industries, Inc. (NYSE:THO) by 1.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 96,500 shares of the RV manufacturer’s stock after selling 1,500 shares during the quarter. Swiss National Bank owned about 0.18% of Thor Industries worth $8,570,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. boosted its holdings 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 acquiring an additional 225 shares in the last quarter. Ontario Teachers Pension Plan Board bought a new stake in Thor Industries during the second quarter worth approximately $556,000. Nuveen LLC acquired a new stake in Thor Industries in the first quarter worth approximately $8,627,000. DAVENPORT & Co LLC lifted its position in Thor Industries by 3.1% in the second quarter. DAVENPORT & Co LLC now owns 16,029 shares of the RV manufacturer’s stock worth $1,424,000 after purchasing an additional 480 shares during the period. Finally, Maryland State Retirement & Pension System bought a new position in Thor Industries during the 2nd quarter valued at $211,000. Institutional investors own 96.71% of the company’s stock.

Wall Street Analysts Forecast Growth

THO has been the subject of a number of research analyst reports. Bank of America upped their price target on shares of Thor Industries from $100.00 to $120.00 and gave the company a “buy” rating in a report on Wednesday, September 10th. BMO Capital Markets boosted their target price on shares of Thor Industries from $105.00 to $115.00 and gave the stock an “outperform” rating in a report on Friday, September 26th. Robert W. Baird raised their target price on shares of Thor Industries from $90.00 to $110.00 and gave the stock a “neutral” rating in a report on Thursday, September 25th. Zacks Research upgraded shares of Thor Industries from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 3rd. Finally, Truist Financial cut their price objective on Thor Industries from $115.00 to $110.00 and set a “hold” rating for the company in a research report on Thursday, October 9th. Two analysts have rated the stock with a Buy rating and twelve have issued a Hold rating to the company’s stock. According to MarketBeat, Thor Industries has an average rating of “Hold” and a consensus target price of $104.67.

Thor Industries Stock Performance

Thor Industries stock opened at $105.62 on Friday. The firm’s 50 day simple moving average is $103.89 and its 200-day simple moving average is $97.81. The company has a market cap of $5.58 billion, a P/E ratio of 25.33, a price-to-earnings-growth ratio of 1.81 and a beta of 1.32. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 0.90. Thor Industries, Inc. has a fifty-two week low of $63.15 and a fifty-two week high of $114.49.

Thor Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Thursday, October 23rd were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.0%. The ex-dividend date was Thursday, October 23rd. This is a positive change 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.