LSV Asset Management Cuts Stock Position in THOR Industries, Inc. (NYSE:THO)

LSV Asset Management decreased its holdings in shares of THOR Industries, Inc. (NYSE:THO) by 20.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 590,950 shares of the construction company’s stock after selling 152,650 shares during the quarter. LSV Asset Management owned about 1.11% of THOR Industries worth $55,224,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Tortoise Investment Management LLC lifted its stake in shares of THOR Industries by 77.0% during the second quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock worth $27,000 after purchasing an additional 124 shares in the last quarter. Mather Group LLC. acquired a new position in THOR Industries during the 1st quarter worth approximately $30,000. Blue Trust Inc. boosted its holdings in THOR Industries by 548.1% in the 2nd quarter. Blue Trust Inc. now owns 337 shares of the construction company’s stock worth $31,000 after acquiring an additional 285 shares during the period. International Assets Investment Management LLC acquired a new stake in THOR Industries in the second quarter valued at approximately $33,000. Finally, Parallel Advisors LLC grew its position in THOR Industries by 70.8% in the fourth quarter. Parallel Advisors LLC now owns 292 shares of the construction company’s stock valued at $35,000 after acquiring an additional 121 shares in the last quarter. 96.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on THO. Robert W. Baird decreased their target price on shares of THOR Industries from $120.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, June 6th. Benchmark started coverage on THOR Industries in a research report on Thursday, July 18th. They set a “hold” rating on the stock. Truist Financial lowered their price objective on THOR Industries from $100.00 to $95.00 and set a “hold” rating for the company in a research note on Thursday, June 6th. Finally, Citigroup cut their target price on THOR Industries from $120.00 to $113.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $102.00.

THOR Industries Stock Down 2.8 %

NYSE:THO opened at $101.03 on Monday. The stock has a 50-day simple moving average of $100.71 and a 200 day simple moving average of $102.79. THOR Industries, Inc. has a one year low of $84.54 and a one year high of $129.31. The company has a market capitalization of $5.37 billion, a price-to-earnings ratio of 20.49 and a beta of 1.67. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.74 and a current ratio of 1.65.

THOR Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 18th. Stockholders of record on Wednesday, July 3rd were issued a $0.48 dividend. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.90%. THOR Industries’s dividend payout ratio (DPR) is 38.95%.

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.