KLP Kapitalforvaltning AS Raises Holdings in Thor Industries, Inc. $THO

KLP Kapitalforvaltning AS lifted its holdings in shares of Thor Industries, Inc. (NYSE:THO) by 8.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 10,500 shares of the RV manufacturer’s stock after acquiring an additional 800 shares during the period. KLP Kapitalforvaltning AS’s holdings in Thor Industries were worth $933,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Signaturefd LLC grew its stake in shares of Thor Industries by 86.6% during the second quarter. Signaturefd LLC now owns 446 shares of the RV manufacturer’s stock worth $40,000 after acquiring an additional 207 shares during the last quarter. Parallel Advisors LLC grew its stake in shares of Thor Industries by 198.3% during the second quarter. Parallel Advisors LLC now owns 516 shares of the RV manufacturer’s stock worth $46,000 after acquiring an additional 343 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Thor Industries by 66.6% during the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 563 shares of the RV manufacturer’s stock worth $50,000 after acquiring an additional 225 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Thor Industries by 96.3% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 805 shares of the RV manufacturer’s stock worth $61,000 after acquiring an additional 395 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Thor Industries by 336.1% during the first quarter. Smartleaf Asset Management LLC now owns 785 shares of the RV manufacturer’s stock worth $61,000 after acquiring an additional 605 shares during the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on THO shares. Citigroup dropped their price target on Thor Industries from $122.00 to $117.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 8th. Bank of America upped their target price on Thor Industries from $100.00 to $120.00 and gave the company a “buy” rating in a research report on Wednesday, September 10th. BMO Capital Markets upped their target price on Thor Industries from $105.00 to $115.00 and gave the company an “outperform” rating in a research report on Friday, September 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Thor Industries in a research report on Wednesday, October 8th. Finally, Roth Capital set a $93.00 target price on Thor Industries and gave the company a “neutral” rating in a research report on Wednesday, September 17th. Two equities research analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $104.00.

Thor Industries Trading Down 1.0%

Shares of NYSE:THO opened at $104.24 on Thursday. Thor Industries, Inc. has a 12-month low of $63.15 and a 12-month high of $118.85. The company has a market capitalization of $5.49 billion, a PE ratio of 25.00, a PEG ratio of 1.82 and a beta of 1.35. The business has a 50 day moving average of $105.87 and a two-hundred day moving average of $90.62. The company has a current ratio of 1.75, a quick ratio of 0.90 and a debt-to-equity ratio of 0.21.

Thor Industries declared that its Board of Directors has initiated a share buyback plan on Monday, June 23rd that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the RV manufacturer to purchase up to 8.8% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

Thor Industries Increases Dividend

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

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.