Alberta Investment Management Corp Sells 8,900 Shares of THOR Industries, Inc. (NYSE:THO)

Alberta Investment Management Corp cut its stake in shares of THOR Industries, Inc. (NYSE:THO) by 55.3% during the 4th quarter, Holdings Channel reports. The fund owned 7,200 shares of the construction company’s stock after selling 8,900 shares during the period. Alberta Investment Management Corp’s holdings in THOR Industries were worth $689,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Creative Planning boosted its position in shares of THOR Industries by 12.9% during the 3rd quarter. Creative Planning now owns 11,012 shares of the construction company’s stock worth $1,210,000 after purchasing an additional 1,254 shares in the last quarter. Blue Trust Inc. raised its stake in THOR Industries by 62.6% during the 3rd quarter. Blue Trust Inc. now owns 548 shares of the construction company’s stock worth $60,000 after buying an additional 211 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in THOR Industries by 9.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,754 shares of the construction company’s stock worth $413,000 after acquiring an additional 327 shares in the last quarter. Private Advisor Group LLC acquired a new stake in THOR Industries in the third quarter valued at approximately $316,000. Finally, International Assets Investment Management LLC grew its stake in THOR Industries by 11,865.0% in the third quarter. International Assets Investment Management LLC now owns 41,758 shares of the construction company’s stock valued at $4,589,000 after acquiring an additional 41,409 shares during the period. 96.71% of the stock is currently owned by institutional investors and hedge funds.

THOR Industries Stock Performance

NYSE THO opened at $99.06 on Friday. The company has a fifty day moving average price of $99.60 and a 200-day moving average price of $104.21. The firm has a market cap of $5.27 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 1.16 and a beta of 1.69. 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.

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%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. StockNews.com downgraded shares of THOR Industries from a “hold” rating to a “sell” rating in a report on Wednesday. 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. Finally, Bank of America assumed coverage on shares of THOR Industries in a research report on Friday, December 13th. They set a “neutral” rating and a $120.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus 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.