Kestra Investment Management LLC Takes $65,000 Position in THOR Industries, Inc. (NYSE:THO)

Kestra Investment Management LLC acquired a new stake in THOR Industries, Inc. (NYSE:THO) in the fourth quarter, Holdings Channel.com reports. The firm acquired 678 shares of the construction company’s stock, valued at approximately $65,000.

Several other hedge funds also recently bought and sold shares of THO. Van ECK Associates Corp purchased a new stake in THOR Industries in the 3rd quarter worth approximately $32,000. Brooklyn Investment Group bought a new position in shares of THOR Industries in the third quarter worth $38,000. Anchor Investment Management LLC purchased a new stake in shares of THOR Industries in the third quarter worth $58,000. Stonebridge Financial Group LLC purchased a new stake in shares of THOR Industries in the fourth quarter worth $51,000. Finally, Blue Trust Inc. boosted its stake in THOR Industries by 62.6% during the third quarter. Blue Trust Inc. now owns 548 shares of the construction company’s stock valued at $60,000 after buying an additional 211 shares during the period. Hedge funds and other institutional investors own 96.71% of the company’s stock.

THOR Industries Stock Performance

Shares of NYSE THO opened at $99.06 on Friday. The stock’s 50-day moving average is $99.60 and its 200 day moving average is $104.17. The stock has a market cap of $5.27 billion, a price-to-earnings ratio of 25.34, a P/E/G ratio of 1.18 and a beta of 1.69. THOR Industries, Inc. has a 1-year low of $88.37 and a 1-year high of $129.31. 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, January 6th were issued 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 dividend yield of 2.02%. THOR Industries’s payout ratio is 51.15%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on THO shares. Truist Financial upped their target price on THOR Industries from $98.00 to $110.00 and gave the stock a “hold” rating in a research note on Monday, February 10th. Benchmark restated a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. StockNews.com downgraded shares of THOR Industries from a “hold” rating to a “sell” rating in a research note on Wednesday. Finally, Bank of America assumed 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 for the company. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target 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.