Venturi Wealth Management LLC Has $604,000 Position in THOR Industries, Inc. (NYSE:THO)

Venturi Wealth Management LLC grew its stake in THOR Industries, Inc. (NYSE:THO) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,312 shares of the construction company’s stock after buying an additional 108 shares during the period. Venturi Wealth Management LLC’s holdings in THOR Industries were worth $604,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. increased its stake in shares of THOR Industries by 37.7% in the third quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock valued at $165,078,000 after buying an additional 411,466 shares during the period. Natixis Advisors LLC increased its stake in shares of THOR Industries by 51.3% in the third quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company’s stock valued at $55,486,000 after buying an additional 171,244 shares during the period. State Street Corp increased its stake in shares of THOR Industries by 2.1% in the third quarter. State Street Corp now owns 1,624,002 shares of the construction company’s stock valued at $178,462,000 after buying an additional 33,619 shares during the period. Radnor Capital Management LLC acquired a new stake in THOR Industries during the third quarter worth approximately $631,000. Finally, Consolidated Planning Corp acquired a new stake in THOR Industries during the third quarter worth approximately $620,000. Institutional investors and hedge funds own 96.71% of the company’s stock.

THOR Industries Stock Down 1.9 %

Shares of NYSE:THO opened at $102.13 on Thursday. The business’s 50 day simple moving average is $99.80 and its two-hundred day simple moving average is $104.18. The firm has a market cap of $5.44 billion, a P/E ratio of 26.12, a PEG ratio of 1.20 and a beta of 1.69. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71. THOR Industries, Inc. has a 52-week low of $88.37 and a 52-week high of $129.31.

THOR Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, January 6th were issued a $0.50 dividend. The ex-dividend date was Monday, January 6th. This represents a $2.00 annualized dividend and a yield of 1.96%. THOR Industries’s payout ratio is currently 51.15%.

Analysts Set New Price Targets

THO has been the subject of several recent analyst reports. Bank of America initiated coverage on THOR Industries in a research note on Friday, December 13th. They set a “neutral” rating and a $120.00 target price for the company. StockNews.com cut THOR Industries from a “hold” rating to a “sell” rating in a research note on Wednesday. Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. Finally, Truist Financial raised their target price on THOR Industries from $98.00 to $110.00 and gave the stock a “hold” rating in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, THOR Industries presently has a consensus rating of “Hold” and an average target price of $113.17.

About THOR Industries

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.