Old North State Wealth Management LLC Has $1.05 Million Stake in THOR Industries, Inc. (NYSE:THO)

Old North State Wealth Management LLC raised its position in shares of THOR Industries, Inc. (NYSE:THO) by 3.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,907 shares of the construction company’s stock after acquiring an additional 393 shares during the period. Old North State Wealth Management LLC’s holdings in THOR Industries were worth $1,045,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. UMB Bank n.a. boosted its stake in THOR Industries by 2,050.0% during the 3rd quarter. UMB Bank n.a. now owns 258 shares of the construction company’s stock valued at $28,000 after purchasing an additional 246 shares during the period. Quarry LP acquired a new position in shares of THOR Industries during the second quarter worth approximately $28,000. Van ECK Associates Corp bought a new stake in THOR Industries in the 3rd quarter valued at $32,000. Brooklyn Investment Group acquired a new stake in THOR Industries in the 3rd quarter worth $38,000. Finally, Anchor Investment Management LLC bought a new position in shares of THOR Industries during the 3rd quarter worth about $58,000. 96.71% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have commented on THO. Benchmark reiterated a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. StockNews.com cut shares of THOR Industries from a “hold” rating to a “sell” rating in a research note on Sunday. Bank of America initiated coverage on shares of THOR Industries in a research note on Friday, December 13th. They issued a “neutral” rating and a $120.00 target price on the stock. Finally, Truist Financial decreased their price objective on THOR Industries from $105.00 to $98.00 and set a “hold” rating on the stock in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $111.17.

THOR Industries Trading Up 1.5 %

Shares of THO stock opened at $101.75 on Wednesday. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $5.41 billion, a P/E ratio of 26.02, a P/E/G ratio of 1.20 and a beta of 1.69. THOR Industries, Inc. has a 12-month low of $88.37 and a 12-month high of $129.31. The firm has a 50-day moving average price of $101.04 and a 200 day moving average price of $104.18.

THOR Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, January 6th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.97%. The ex-dividend date was Monday, January 6th. THOR Industries’s payout ratio is currently 51.15%.

THOR Industries 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.