Sanctuary Advisors LLC Buys 113 Shares of THOR Industries, Inc. (NYSE:THO)

Sanctuary Advisors LLC raised its stake in THOR Industries, Inc. (NYSE:THO) by 0.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,614 shares of the construction company’s stock after purchasing an additional 113 shares during the period. Sanctuary Advisors LLC’s holdings in THOR Industries were worth $2,278,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in 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 purchasing an additional 411,466 shares in the last quarter. Natixis Advisors LLC increased its stake in 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 purchasing an additional 171,244 shares in the last quarter. State Street Corp grew its holdings in shares of THOR Industries by 2.1% during 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 last quarter. Radnor Capital Management LLC acquired a new position in shares of THOR Industries during the third quarter valued at about $631,000. Finally, Consolidated Planning Corp acquired a new position in shares of THOR Industries during the third quarter valued at about $620,000. 96.71% of the stock is owned by institutional investors.

THOR Industries Trading Down 1.5 %

Shares of THO stock opened at $99.06 on Friday. THOR Industries, Inc. has a 52-week low of $88.37 and a 52-week high of $129.31. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71. The company has a 50-day simple moving average of $99.60 and a two-hundred day simple moving average of $104.21. The company has a market capitalization of $5.27 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 1.16 and a beta of 1.69.

THOR Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, January 6th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.02%. The ex-dividend date was Monday, January 6th. THOR Industries’s payout ratio is 51.15%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on THO. Benchmark reiterated a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. StockNews.com cut shares of THOR Industries from a “hold” rating to a “sell” rating in a report on Wednesday. Bank of America began coverage on shares of THOR Industries in a report on Friday, December 13th. They set a “neutral” rating and a $120.00 price objective for the company. Finally, Truist Financial lifted their price objective on shares of THOR Industries from $98.00 to $110.00 and gave the company a “hold” rating in a report on Monday, February 10th. One equities 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. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $113.17.

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.