Bridges Investment Management Inc. Has $275,000 Holdings in THOR Industries, Inc. (NYSE:THO)

Bridges Investment Management Inc. cut its position in shares of THOR Industries, Inc. (NYSE:THO) by 16.8% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 2,874 shares of the construction company’s stock after selling 579 shares during the quarter. Bridges Investment Management Inc.’s holdings in THOR Industries were worth $275,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the company. US Bancorp DE increased its position in shares of THOR Industries by 9.6% during the fourth quarter. US Bancorp DE now owns 3,667 shares of the construction company’s stock worth $351,000 after buying an additional 322 shares during the period. QRG Capital Management Inc. increased its position in shares of THOR Industries by 5.0% during the fourth quarter. QRG Capital Management Inc. now owns 15,317 shares of the construction company’s stock worth $1,466,000 after buying an additional 733 shares during the period. Versor Investments LP increased its position in shares of THOR Industries by 478.5% during the fourth quarter. Versor Investments LP now owns 12,148 shares of the construction company’s stock worth $1,163,000 after buying an additional 10,048 shares during the period. Proficio Capital Partners LLC acquired a new stake in shares of THOR Industries during the fourth quarter worth $58,000. Finally, Bank of New York Mellon Corp increased its position in shares of THOR Industries by 8.7% during the fourth quarter. Bank of New York Mellon Corp now owns 580,997 shares of the construction company’s stock worth $55,607,000 after buying an additional 46,283 shares during the period. 96.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have commented on THO shares. StockNews.com upgraded shares of THOR Industries from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. Truist Financial raised their price target 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. Bank of America upgraded shares of THOR Industries from a “neutral” rating to a “buy” rating and raised their price target for the stock from $110.00 to $125.00 in a report on Monday. Finally, Benchmark restated a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, THOR Industries presently has a consensus rating of “Moderate Buy” and an average price target of $114.00.

THOR Industries Stock Up 0.1 %

THOR Industries stock opened at $99.49 on Tuesday. THOR Industries, Inc. has a 1-year low of $88.37 and a 1-year high of $128.80. The firm has a market capitalization of $5.29 billion, a price-to-earnings ratio of 25.45, a price-to-earnings-growth ratio of 1.16 and a beta of 1.69. The firm’s fifty day moving average price is $99.82 and its two-hundred day moving average price is $104.25. 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. Shareholders of record on Monday, January 6th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Monday, January 6th. THOR Industries’s dividend payout ratio (DPR) 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.