Value Holdings Management CO. LLC Decreases Stake in THOR Industries, Inc. (NYSE:THO)

Value Holdings Management CO. LLC reduced its position in THOR Industries, Inc. (NYSE:THO) by 5.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 195,484 shares of the construction company’s stock after selling 11,500 shares during the period. THOR Industries comprises about 3.3% of Value Holdings Management CO. LLC’s portfolio, making the stock its 12th biggest holding. Value Holdings Management CO. LLC owned about 0.37% of THOR Industries worth $18,709,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of THO. UMB Bank n.a. increased its position in shares of THOR Industries by 2,050.0% during the third quarter. UMB Bank n.a. now owns 258 shares of the construction company’s stock worth $28,000 after purchasing an additional 246 shares in the last quarter. Quarry LP purchased a new stake in shares of THOR Industries during the 2nd quarter valued at approximately $28,000. Van ECK Associates Corp purchased a new position in THOR Industries in the third quarter worth approximately $32,000. Brooklyn Investment Group acquired a new stake in THOR Industries during the third quarter worth $38,000. Finally, Anchor Investment Management LLC purchased a new position in shares of THOR Industries during the 3rd quarter worth $58,000. Hedge funds and other institutional investors own 96.71% of the company’s stock.

THOR Industries Stock Down 1.9 %

Shares of THOR Industries stock traded down $1.98 on Friday, reaching $101.97. 695,995 shares of the company were exchanged, compared to its average volume of 438,983. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78. THOR Industries, Inc. has a 1-year low of $88.37 and a 1-year high of $129.31. The company has a market cap of $5.43 billion, a P/E ratio of 26.08, a price-to-earnings-growth ratio of 1.08 and a beta of 1.68. The stock’s 50 day moving average price is $103.09 and its 200-day moving average price is $103.54.

THOR Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, January 6th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.00 dividend on an annualized basis and a yield of 1.96%. THOR Industries’s payout ratio is 51.15%.

Wall Street Analyst Weigh In

THO has been the topic of a number of recent analyst reports. Truist Financial decreased their target price on shares of THOR Industries from $105.00 to $98.00 and set a “hold” rating on the stock in a research report on Tuesday, January 7th. StockNews.com lowered THOR Industries from a “hold” rating to a “sell” rating in a research report on Friday. Bank of America began coverage on THOR Industries in a research report on Friday, December 13th. They set a “neutral” rating and a $120.00 price target for the company. Benchmark reiterated a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. Finally, Citigroup raised their target price on THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, September 26th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, THOR Industries has an average rating of “Hold” and an average price target of $111.17.

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.