Mutual of America Capital Management LLC Decreases Stock Position in Thor Industries, Inc. $THO

Mutual of America Capital Management LLC reduced its position in Thor Industries, Inc. (NYSE:THO) by 3.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,458 shares of the RV manufacturer’s stock after selling 932 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Thor Industries were worth $2,350,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of THO. State of Alaska Department of Revenue increased its position in Thor Industries by 3.0% in the first quarter. State of Alaska Department of Revenue now owns 6,235 shares of the RV manufacturer’s stock worth $472,000 after buying an additional 180 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in shares of Thor Industries by 7.5% in the first quarter. Oppenheimer & Co. Inc. now owns 3,281 shares of the RV manufacturer’s stock valued at $249,000 after purchasing an additional 228 shares in the last quarter. Perigon Wealth Management LLC grew its position in shares of Thor Industries by 18.6% in the first quarter. Perigon Wealth Management LLC now owns 3,874 shares of the RV manufacturer’s stock valued at $294,000 after purchasing an additional 608 shares in the last quarter. DAVENPORT & Co LLC grew its position in shares of Thor Industries by 2.9% in the first quarter. DAVENPORT & Co LLC now owns 15,549 shares of the RV manufacturer’s stock valued at $1,179,000 after purchasing an additional 432 shares in the last quarter. Finally, Teacher Retirement System of Texas grew its position in shares of Thor Industries by 6.0% in the first quarter. Teacher Retirement System of Texas now owns 13,211 shares of the RV manufacturer’s stock valued at $1,002,000 after purchasing an additional 749 shares in the last quarter. 96.71% of the stock is owned by hedge funds and other institutional investors.

Thor Industries Price Performance

Thor Industries stock opened at $110.53 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.75 and a debt-to-equity ratio of 0.21. The business has a 50-day simple moving average of $106.60 and a 200 day simple moving average of $92.47. Thor Industries, Inc. has a 52 week low of $63.15 and a 52 week high of $118.85. The stock has a market cap of $5.82 billion, a price-to-earnings ratio of 26.51, a PEG ratio of 1.94 and a beta of 1.35.

Thor Industries Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Thursday, October 23rd will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 1.9%. This is an increase from Thor Industries’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Thursday, October 23rd. Thor Industries’s dividend payout ratio is presently 49.88%.

Analyst Ratings Changes

Several brokerages have recently weighed in on THO. Weiss Ratings reiterated a “hold (c)” rating on shares of Thor Industries in a research report on Friday. KeyCorp upgraded Thor Industries from an “underweight” rating to a “sector weight” rating in a research report on Friday, August 1st. DA Davidson lifted their price target on Thor Industries from $78.00 to $102.00 and gave the company a “neutral” rating in a research report on Tuesday, September 30th. Truist Financial reduced their price target on Thor Industries from $115.00 to $110.00 and set a “hold” rating for the company in a research report on Thursday, October 9th. Finally, Bank of America lifted their price objective on Thor Industries from $100.00 to $120.00 and gave the company a “buy” rating in a research note on Wednesday, September 10th. Two equities research analysts have rated the stock with a Buy rating and ten have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $104.00.

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.