JPMorgan Chase & Co. boosted its stake in THOR Industries, Inc. (NYSE:THO - Free Report) by 37.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,502,208 shares of the construction company's stock after acquiring an additional 411,466 shares during the period. JPMorgan Chase & Co. owned 2.82% of THOR Industries worth $165,078,000 at the end of the most recent reporting period.
Other large investors have also recently added to or reduced their stakes in the company. Pacer Advisors Inc. grew its position in shares of THOR Industries by 35.1% in the 2nd quarter. Pacer Advisors Inc. now owns 1,140,363 shares of the construction company's stock worth $106,567,000 after acquiring an additional 296,583 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in THOR Industries by 6.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,901,024 shares of the construction company's stock worth $271,097,000 after purchasing an additional 187,019 shares during the period. Natixis Advisors LLC increased its stake in THOR Industries by 51.3% during the third quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company's stock valued at $55,486,000 after purchasing an additional 171,244 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of THOR Industries by 46.4% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 501,479 shares of the construction company's stock worth $55,108,000 after purchasing an additional 159,022 shares during the period. Finally, Janney Montgomery Scott LLC bought a new position in shares of THOR Industries in the 3rd quarter worth about $13,229,000. 96.71% of the stock is currently owned by institutional investors.
In other news, VP Colleen A. Zuhl sold 4,354 shares of THOR Industries stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $115.00, for a total transaction of $500,710.00. Following the transaction, the vice president now directly owns 131,905 shares in the company, valued at approximately $15,169,075. This trade represents a 3.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 4.50% of the company's stock.
A number of equities research analysts recently weighed in on THO shares. Benchmark reaffirmed a "hold" rating on shares of THOR Industries in a research report on Tuesday, December 3rd. DA Davidson reiterated a "neutral" rating and set a $95.00 price target on shares of THOR Industries in a research report on Monday, September 30th. BMO Capital Markets restated an "outperform" rating and set a $120.00 price objective on shares of THOR Industries in a research report on Thursday, September 19th. Truist Financial upped their price objective on THOR Industries from $95.00 to $105.00 and gave the stock a "hold" rating in a research note on Friday, September 20th. Finally, StockNews.com upgraded THOR Industries from a "sell" rating to a "hold" rating in a research note on Wednesday, December 25th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, THOR Industries has an average rating of "Hold" and an average price target of $112.33.
Get Our Latest Analysis on THO
Shares of THO opened at $95.71 on Wednesday. THOR Industries, Inc. has a one year low of $88.37 and a one year high of $129.31. The stock's fifty day moving average is $105.85 and its 200-day moving average is $103.18. 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 firm has a market capitalization of $5.09 billion, a price-to-earnings ratio of 24.48 and a beta of 1.67.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Monday, January 6th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, January 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.09%. THOR Industries's dividend payout ratio (DPR) is 51.15%.
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.
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