THOR Industries, Inc. (NYSE:THO) Shares Purchased by QRG Capital Management Inc.

QRG Capital Management Inc. increased its position in shares of THOR Industries, Inc. (NYSE:THO) by 5.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,317 shares of the construction company’s stock after purchasing an additional 733 shares during the period. QRG Capital Management Inc.’s holdings in THOR Industries were worth $1,466,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp acquired a new stake in THOR Industries during the third quarter worth about $32,000. First Horizon Advisors Inc. boosted its stake in THOR Industries by 57.3% during the fourth quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock worth $32,000 after buying an additional 121 shares during the period. Brooklyn Investment Group purchased a new position in THOR Industries during the third quarter worth about $38,000. Stonebridge Financial Group LLC purchased a new position in THOR Industries during the fourth quarter worth about $51,000. Finally, Anchor Investment Management LLC purchased a new position in THOR Industries during the third quarter worth about $58,000. 96.71% of the stock is currently owned by institutional investors and hedge funds.

THOR Industries Trading Up 1.3 %

NYSE THO opened at $99.44 on Monday. The firm has a 50 day simple moving average of $99.76 and a 200-day simple moving average of $104.26. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71. THOR Industries, Inc. has a one year low of $88.37 and a one year high of $129.31. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 1.16 and a beta of 1.69.

THOR Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, January 6th were paid a $0.50 dividend. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.00 dividend on an annualized basis and a yield of 2.01%. THOR Industries’s dividend payout ratio is currently 51.15%.

Wall Street Analyst Weigh In

THO has been the subject of several research analyst reports. Bank of America initiated coverage on shares of THOR Industries in a research note on Friday, December 13th. They set a “neutral” rating and a $120.00 target price for the company. StockNews.com raised shares of THOR Industries from a “sell” rating to a “hold” rating in a research note on Thursday. Truist Financial increased their target price on shares of THOR Industries from $98.00 to $110.00 and gave the stock a “hold” rating in a research note on Monday, February 10th. Finally, Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $113.17.

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.