New York State Common Retirement Fund Decreases Stock Holdings in THOR Industries, Inc. (NYSE:THO)

New York State Common Retirement Fund lessened its stake in THOR Industries, Inc. (NYSE:THO) by 6.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 69,124 shares of the construction company’s stock after selling 5,130 shares during the quarter. New York State Common Retirement Fund’s holdings in THOR Industries were worth $6,616,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Van ECK Associates Corp bought a new stake in shares of THOR Industries in the 3rd quarter valued at about $32,000. Brooklyn Investment Group purchased a new stake in THOR Industries during the third quarter valued at approximately $38,000. Stonebridge Financial Group LLC acquired a new stake in THOR Industries in the fourth quarter valued at approximately $51,000. Anchor Investment Management LLC purchased a new position in THOR Industries in the third quarter worth $58,000. Finally, Blue Trust Inc. increased its position in shares of THOR Industries by 62.6% during the third quarter. Blue Trust Inc. now owns 548 shares of the construction company’s stock worth $60,000 after purchasing an additional 211 shares in the last quarter. 96.71% of the stock is currently owned by institutional investors.

THOR Industries Trading Down 0.5 %

THOR Industries stock opened at $101.60 on Thursday. THOR Industries, Inc. has a 52 week low of $88.37 and a 52 week high of $129.31. The stock has a 50-day moving average price of $99.68 and a 200 day moving average price of $104.24. 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 price-to-earnings ratio of 25.98, a price-to-earnings-growth ratio of 1.16 and a beta of 1.69.

THOR Industries Dividend Announcement

The firm also recently disclosed 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 dividend payout ratio (DPR) is currently 51.15%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on THO shares. Bank of America began coverage on THOR Industries in a research report on Friday, December 13th. They issued a “neutral” rating and a $120.00 price objective for the company. Truist Financial upped their price objective on shares of THOR Industries from $98.00 to $110.00 and gave the company a “hold” rating in a report on Monday, February 10th. Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. Finally, StockNews.com downgraded shares of THOR Industries from a “hold” rating to a “sell” rating in a research report on Wednesday, February 19th. One investment 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, THOR Industries has an average rating of “Hold” and a consensus price target of $113.17.

About THOR Industries

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.