THOR Industries, Inc. (NYSE:THO) Shares Purchased by Choreo LLC

Choreo LLC boosted its stake in THOR Industries, Inc. (NYSE:THO) by 14.7% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 356,662 shares of the construction company’s stock after purchasing an additional 45,648 shares during the period. Choreo LLC’s holdings in THOR Industries were worth $34,092,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in THO. Algert Global LLC acquired a new stake in THOR Industries in the second quarter worth $477,000. Quarry LP acquired a new position in shares of THOR Industries during the second quarter valued at $28,000. Sanctuary Advisors LLC acquired a new position in shares of THOR Industries during the second quarter valued at $2,118,000. SG Americas Securities LLC increased its holdings in shares of THOR Industries by 59.0% during the third quarter. SG Americas Securities LLC now owns 8,443 shares of the construction company’s stock valued at $928,000 after purchasing an additional 3,133 shares during the period. Finally, GAMMA Investing LLC increased its holdings in shares of THOR Industries by 34.7% during the third quarter. GAMMA Investing LLC now owns 780 shares of the construction company’s stock valued at $86,000 after purchasing an additional 201 shares during the period. 96.71% of the stock is owned by institutional investors and hedge funds.

THOR Industries Price Performance

NYSE:THO opened at $101.75 on Wednesday. The business’s 50-day moving average price is $101.04 and its 200 day moving average price is $104.18. The firm has a market cap of $5.41 billion, a P/E ratio of 26.02, a PEG ratio of 1.20 and a beta of 1.69. THOR Industries, Inc. has a 52-week low of $88.37 and a 52-week high of $129.31. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26.

THOR Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, January 6th were given a $0.50 dividend. The ex-dividend date was Monday, January 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.97%. THOR Industries’s dividend payout ratio (DPR) is 51.15%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on THO. Bank of America began coverage on THOR Industries in a report on Friday, December 13th. They set a “neutral” rating and a $120.00 price target on the stock. StockNews.com lowered THOR Industries from a “hold” rating to a “sell” rating in a report on Sunday. Benchmark reissued a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. Finally, Truist Financial lowered their target price on THOR Industries from $105.00 to $98.00 and set a “hold” rating on the stock in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $111.17.

THOR Industries 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.