THOR Industries, Inc. (NYSE:THO) Shares Sold by Truist Financial Corp

Truist Financial Corp lessened its stake in shares of THOR Industries, Inc. (NYSE:THO – Get Rating) by 3.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 72,386 shares of the construction company’s stock after selling 2,580 shares during the period. Truist Financial Corp owned about 0.13% of THOR Industries worth $5,066,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of THOR Industries by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 5,312,648 shares of the construction company’s stock valued at $418,105,000 after acquiring an additional 53,286 shares during the last quarter. State Street Corp lifted its holdings in shares of THOR Industries by 7.5% in the first quarter. State Street Corp now owns 1,515,941 shares of the construction company’s stock valued at $119,305,000 after purchasing an additional 106,027 shares in the last quarter. Royal London Asset Management Ltd. lifted its holdings in shares of THOR Industries by 151.5% in the second quarter. Royal London Asset Management Ltd. now owns 1,490,339 shares of the construction company’s stock valued at $111,500,000 after purchasing an additional 897,730 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of THOR Industries by 10.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,090,915 shares of the construction company’s stock valued at $85,869,000 after purchasing an additional 105,545 shares in the last quarter. Finally, Brandywine Global Investment Management LLC lifted its holdings in shares of THOR Industries by 13.1% in the second quarter. Brandywine Global Investment Management LLC now owns 716,734 shares of the construction company’s stock valued at $53,562,000 after purchasing an additional 83,031 shares in the last quarter. Institutional investors and hedge funds own 98.68% of the company’s stock.

THOR Industries Trading Down 0.2 %

THOR Industries stock opened at $93.05 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.85 and a quick ratio of 0.70. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of 4.95 and a beta of 1.68. THOR Industries, Inc. has a one year low of $66.26 and a one year high of $104.11. The company’s fifty day moving average price is $82.60 and its two-hundred day moving average price is $81.09.

THOR Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Friday, December 30th will be given a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 1.93%. The ex-dividend date is Thursday, December 29th. THOR Industries’s payout ratio is 9.58%.

Analysts Set New Price Targets

THO has been the subject of a number of research analyst reports. StockNews.com initiated coverage on THOR Industries in a report on Wednesday, October 12th. They issued a “hold” rating for the company. Argus lowered THOR Industries from a “buy” rating to a “hold” rating in a report on Monday, October 3rd. DA Davidson raised shares of THOR Industries from an “underperform” rating to a “neutral” rating and upped their price target for the stock from $65.00 to $85.00 in a research note on Monday. Citigroup upped their price target on shares of THOR Industries to $87.00 in a research note on Monday, December 12th. Finally, MKM Partners dropped their price target on shares of THOR Industries to $69.00 in a research note on Friday, September 30th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, THOR Industries currently has a consensus rating of “Hold” and an average price target of $79.50.

About THOR Industries

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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.