Avior Wealth Management LLC Reduces Stock Holdings in THOR Industries, Inc. (NYSE:THO)

Avior Wealth Management LLC reduced its stake in shares of THOR Industries, Inc. (NYSE:THO) by 22.4% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,620 shares of the construction company’s stock after selling 2,488 shares during the quarter. Avior Wealth Management LLC’s holdings in THOR Industries were worth $825,000 as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of the stock. Salvus Wealth Management LLC raised its holdings in shares of THOR Industries by 19.4% during the 4th quarter. Salvus Wealth Management LLC now owns 42,168 shares of the construction company’s stock valued at $4,036,000 after buying an additional 6,838 shares during the period. Fifth Third Wealth Advisors LLC raised its holdings in shares of THOR Industries by 30.9% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 2,421 shares of the construction company’s stock valued at $232,000 after buying an additional 571 shares during the period. Accurate Wealth Management LLC raised its holdings in shares of THOR Industries by 9.9% during the 4th quarter. Accurate Wealth Management LLC now owns 5,182 shares of the construction company’s stock valued at $484,000 after buying an additional 465 shares during the period. Reinhart Partners LLC. grew its stake in THOR Industries by 12.8% during the 4th quarter. Reinhart Partners LLC. now owns 360,142 shares of the construction company’s stock valued at $34,469,000 after purchasing an additional 40,868 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its stake in THOR Industries by 37.7% during the 3rd 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. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Bank of America assumed coverage on THOR Industries in a research note on Friday, December 13th. They set a “neutral” rating and a $120.00 price objective for the company. Benchmark restated a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. StockNews.com upgraded THOR Industries from a “sell” rating to a “hold” rating in a research note on Saturday. Truist Financial lowered their price objective on THOR Industries from $105.00 to $98.00 and set a “hold” rating for the company in a research note on Tuesday, January 7th. Finally, DA Davidson restated a “neutral” rating and set a $95.00 price objective on shares of THOR Industries in a research note on Monday, September 30th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $111.17.

THOR Industries Price Performance

Shares of THO opened at $100.24 on Friday. The firm has a market cap of $5.33 billion, a price-to-earnings ratio of 25.64, a PEG ratio of 1.19 and a beta of 1.68. The stock has a 50 day moving average of $102.22 and a 200-day moving average of $103.87. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26. THOR Industries, Inc. has a 52 week low of $88.37 and a 52 week high of $129.31.

THOR Industries Announces Dividend

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

THOR Industries Company 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.