Palouse Capital Management Inc. Purchases 506 Shares of THOR Industries, Inc. (NYSE:THO)

Palouse Capital Management Inc. lifted its position in shares of THOR Industries, Inc. (NYSE:THO) by 63.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,299 shares of the construction company’s stock after purchasing an additional 506 shares during the quarter. Palouse Capital Management Inc.’s holdings in THOR Industries were worth $124,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. boosted its position in shares of THOR Industries by 22.1% during the fourth quarter. Blue Trust Inc. now owns 669 shares of the construction company’s stock worth $64,000 after purchasing an additional 121 shares in the last quarter. Stratos Wealth Advisors LLC raised its holdings in shares of THOR Industries by 2.2% during the third quarter. Stratos Wealth Advisors LLC now owns 6,411 shares of the construction company’s stock worth $705,000 after acquiring an additional 135 shares during the period. Nisa Investment Advisors LLC raised its holdings in shares of THOR Industries by 0.9% during the third quarter. Nisa Investment Advisors LLC now owns 15,776 shares of the construction company’s stock worth $1,734,000 after acquiring an additional 135 shares during the period. Crossmark Global Holdings Inc. raised its holdings in shares of THOR Industries by 7.6% during the third quarter. Crossmark Global Holdings Inc. now owns 3,419 shares of the construction company’s stock worth $375,000 after acquiring an additional 242 shares during the period. Finally, KBC Group NV raised its holdings in shares of THOR Industries by 19.0% during the third quarter. KBC Group NV now owns 1,558 shares of the construction company’s stock worth $171,000 after acquiring an additional 249 shares during the period. 96.71% of the stock is owned by institutional investors.

THOR Industries Stock Up 1.2 %

THOR Industries stock opened at $103.79 on Friday. The firm has a market capitalization of $5.52 billion, a PE ratio of 26.54, a P/E/G ratio of 1.17 and a beta of 1.69. The company’s 50-day moving average is $99.96 and its 200-day moving average is $104.16. THOR Industries, Inc. has a fifty-two week low of $88.37 and a fifty-two week high of $129.31. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, January 6th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.93%. The ex-dividend date was Monday, January 6th. THOR Industries’s dividend payout ratio is currently 51.15%.

Wall Street Analysts Forecast Growth

THO has been the topic of a number of research analyst reports. Truist Financial raised their price objective on shares of THOR Industries from $98.00 to $110.00 and gave the stock a “hold” rating in a report on Monday, February 10th. Benchmark reiterated a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. Bank of America initiated coverage on shares of THOR Industries in a research note on Friday, December 13th. They issued a “neutral” rating and a $120.00 price target on the stock. Finally, StockNews.com upgraded shares of THOR Industries from a “sell” rating to a “hold” rating in a research note on Monday, February 10th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average 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.