Thor Industries, Inc. $THO Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue cut its position in Thor Industries, Inc. (NYSE:THO) by 4.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,950 shares of the RV manufacturer’s stock after selling 285 shares during the period. State of Alaska Department of Revenue’s holdings in Thor Industries were worth $528,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. Crossmark Global Holdings Inc. boosted its stake in Thor Industries by 4.2% during the first quarter. Crossmark Global Holdings Inc. now owns 3,560 shares of the RV manufacturer’s stock worth $270,000 after buying an additional 145 shares during the last quarter. Voya Investment Management LLC lifted its stake in shares of Thor Industries by 2.9% in the 1st quarter. Voya Investment Management LLC now owns 6,356 shares of the RV manufacturer’s stock valued at $482,000 after purchasing an additional 179 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in Thor Industries by 2.9% during the 1st quarter. Venturi Wealth Management LLC now owns 6,494 shares of the RV manufacturer’s stock worth $492,000 after acquiring an additional 182 shares in the last quarter. Louisiana State Employees Retirement System lifted its stake in Thor Industries by 1.4% during the 1st quarter. Louisiana State Employees Retirement System now owns 14,900 shares of the RV manufacturer’s stock worth $1,130,000 after acquiring an additional 200 shares in the last quarter. Finally, Retirement Systems of Alabama lifted its stake in Thor Industries by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 64,775 shares of the RV manufacturer’s stock worth $4,911,000 after acquiring an additional 207 shares in the last quarter. 96.71% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on THO shares. Truist Financial increased their target price on Thor Industries from $86.00 to $115.00 and gave the stock a “hold” rating in a research note on Wednesday, September 3rd. DA Davidson increased their price objective on Thor Industries from $78.00 to $102.00 and gave the company a “neutral” rating in a report on Tuesday, September 30th. KeyCorp upgraded Thor Industries from an “underweight” rating to a “sector weight” rating in a report on Friday, August 1st. Zacks Research upgraded Thor Industries from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 3rd. Finally, BMO Capital Markets raised their price target on Thor Industries from $105.00 to $115.00 and gave the stock an “outperform” rating in a research note on Friday, September 26th. Two research analysts have rated the stock with a Buy rating and ten have given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $104.63.

Thor Industries Stock Performance

Shares of THO stock opened at $104.96 on Thursday. The stock has a fifty day moving average price of $104.92 and a 200 day moving average price of $89.84. The stock has a market cap of $5.52 billion, a PE ratio of 25.17, a P/E/G ratio of 1.79 and a beta of 1.35. Thor Industries, Inc. has a 1 year low of $63.15 and a 1 year high of $118.85. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.90 and a current ratio of 1.75.

Thor Industries Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 6th. Investors of record on Thursday, October 23rd will be issued a dividend of $0.52 per share. This is a boost from Thor Industries’s previous quarterly dividend of $0.50. This represents a $2.08 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, October 23rd. Thor Industries’s payout ratio is presently 47.96%.

Thor Industries declared that its Board of Directors has initiated a stock repurchase program on Monday, June 23rd that permits the company to buyback $400.00 million in shares. This buyback authorization permits the RV manufacturer to purchase up to 8.8% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s board believes its stock is undervalued.

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.