J. W. Coons Advisors LLC Sells 3,985 Shares of THOR Industries, Inc. (NYSE:THO)

J. W. Coons Advisors LLC lowered its stake in shares of THOR Industries, Inc. (NYSE:THO) by 32.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,215 shares of the construction company’s stock after selling 3,985 shares during the quarter. J. W. Coons Advisors LLC’s holdings in THOR Industries were worth $786,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of THO. JPMorgan Chase & Co. increased its holdings in THOR Industries by 37.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock valued at $165,078,000 after buying an additional 411,466 shares during the period. Natixis Advisors LLC increased its holdings in THOR Industries by 51.3% in the 3rd quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company’s stock valued at $55,486,000 after buying an additional 171,244 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in THOR Industries by 46.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 501,479 shares of the construction company’s stock valued at $55,108,000 after buying an additional 159,022 shares during the period. Janney Montgomery Scott LLC bought a new stake in THOR Industries in the 3rd quarter valued at $13,229,000. Finally, Wellington Management Group LLP bought a new stake in THOR Industries in the 3rd quarter valued at $7,682,000. Institutional investors own 96.71% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on THO. StockNews.com lowered shares of THOR Industries from a “hold” rating to a “sell” rating in a report on Wednesday, February 19th. Bank of America initiated coverage on shares of THOR Industries in a report on Friday, December 13th. They issued a “neutral” rating and a $120.00 price target on the stock. Benchmark restated a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. Finally, Truist Financial boosted their target price on shares of THOR Industries from $98.00 to $110.00 and gave the company a “hold” rating in a research note on Monday, February 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $113.17.

THOR Industries Stock Down 1.5 %

Shares of NYSE:THO opened at $99.06 on Monday. 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’s fifty day moving average is $99.60 and its 200-day moving average is $104.24. The company has a market capitalization of $5.27 billion, a PE ratio of 25.34, a P/E/G ratio of 1.16 and a beta of 1.69.

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 dividend of $0.50 per share. The ex-dividend date was Monday, January 6th. This represents a $2.00 annualized dividend and a yield of 2.02%. THOR Industries’s dividend payout ratio (DPR) is 51.15%.

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.