THOR Industries, Inc. (NYSE:THO) Stock Position Boosted by Salvus Wealth Management LLC

Salvus Wealth Management LLC lifted its position in shares of THOR Industries, Inc. (NYSE:THO) by 19.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,168 shares of the construction company’s stock after buying an additional 6,838 shares during the period. THOR Industries makes up approximately 2.6% of Salvus Wealth Management LLC’s portfolio, making the stock its 10th largest position. Salvus Wealth Management LLC owned about 0.08% of THOR Industries worth $4,036,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. increased its position in shares of THOR Industries by 0.9% during the second quarter. Envestnet Asset Management Inc. now owns 639,378 shares of the construction company’s stock valued at $59,750,000 after acquiring an additional 5,761 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in shares of THOR Industries by 7.5% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 6,386 shares of the construction company’s stock worth $597,000 after purchasing an additional 448 shares during the period. Hsbc Holdings PLC increased its holdings in THOR Industries by 957.0% in the 2nd quarter. Hsbc Holdings PLC now owns 27,313 shares of the construction company’s stock valued at $2,537,000 after purchasing an additional 24,729 shares during the last quarter. Palouse Capital Management Inc. raised its position in THOR Industries by 25.1% in the second quarter. Palouse Capital Management Inc. now owns 793 shares of the construction company’s stock valued at $74,000 after purchasing an additional 159 shares during the period. Finally, XTX Topco Ltd acquired a new position in THOR Industries during the second quarter worth $782,000. 96.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on THO. StockNews.com raised THOR Industries from a “sell” rating to a “hold” rating in a research note on Saturday, January 4th. Citigroup boosted their price target on shares of THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th. BMO Capital Markets reissued an “outperform” rating and set a $120.00 price target on shares of THOR Industries in a research report on Thursday, September 19th. Truist Financial dropped their price objective on shares of THOR Industries from $105.00 to $98.00 and set a “hold” rating for the company in a report on Tuesday, January 7th. Finally, Benchmark reiterated a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $111.17.

THOR Industries Price Performance

Shares of NYSE:THO opened at $104.11 on Friday. THOR Industries, Inc. has a 12 month low of $88.37 and a 12 month high of $129.31. The firm has a market capitalization of $5.54 billion, a P/E ratio of 26.63, a P/E/G ratio of 1.08 and a beta of 1.68. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78. The company’s fifty day moving average price is $103.23 and its 200 day moving average price is $103.47.

THOR Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Monday, January 6th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.92%. The ex-dividend date of this dividend is Monday, January 6th. THOR Industries’s payout ratio is currently 51.15%.

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.