Eagle Bay Advisors LLC Has $90,000 Stake in THOR Industries, Inc. (NYSE:THO)

Eagle Bay Advisors LLC lowered its holdings in shares of THOR Industries, Inc. (NYSE:THO) by 16.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 935 shares of the construction company’s stock after selling 188 shares during the quarter. Eagle Bay Advisors LLC’s holdings in THOR Industries were worth $90,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. JPMorgan Chase & Co. raised its holdings in THOR Industries by 37.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock worth $165,078,000 after buying an additional 411,466 shares during the period. Natixis Advisors LLC raised its holdings in shares of THOR Industries by 51.3% during the third quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company’s stock worth $55,486,000 after acquiring an additional 171,244 shares during the period. Dimensional Fund Advisors LP lifted its position in THOR Industries by 6.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,901,024 shares of the construction company’s stock valued at $271,097,000 after acquiring an additional 187,019 shares in the last quarter. State Street Corp boosted its stake in THOR Industries by 2.1% in the 3rd quarter. State Street Corp now owns 1,624,002 shares of the construction company’s stock worth $178,462,000 after purchasing an additional 33,619 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in THOR Industries by 0.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 639,378 shares of the construction company’s stock worth $59,750,000 after purchasing an additional 5,761 shares in the last quarter. Institutional investors own 96.71% of the company’s stock.

THOR Industries Stock Performance

NYSE THO opened at $95.44 on Tuesday. The firm’s fifty day moving average price is $103.77 and its two-hundred day moving average price is $103.47. THOR Industries, Inc. has a 1 year low of $88.37 and a 1 year high of $129.31. The firm has a market capitalization of $5.08 billion, a P/E ratio of 24.41 and a beta of 1.68. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Monday, January 6th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend is Monday, January 6th. THOR Industries’s payout ratio is currently 51.15%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on THO. Truist Financial reduced their price objective on THOR Industries from $105.00 to $98.00 and set a “hold” rating for the company in a research report on Tuesday, January 7th. DA Davidson reaffirmed a “neutral” rating and set a $95.00 price target on shares of THOR Industries in a research report on Monday, September 30th. Bank of America initiated coverage on shares of THOR Industries in a report on Friday, December 13th. They issued a “neutral” rating and a $120.00 price objective on the stock. Benchmark restated a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. Finally, Citigroup lifted their price target on shares of THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, THOR Industries has an average rating of “Hold” and an average target price of $111.17.

Insiders Place Their Bets

In other THOR Industries news, VP Colleen A. Zuhl sold 4,354 shares of THOR Industries stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $115.00, for a total transaction of $500,710.00. Following the completion of the transaction, the vice president now directly owns 131,905 shares of the company’s stock, valued at $15,169,075. The trade was a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 4.50% of the company’s stock.

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.