First Horizon Advisors Inc. Purchases 121 Shares of THOR Industries, Inc. (NYSE:THO)

First Horizon Advisors Inc. increased its position in shares of THOR Industries, Inc. (NYSE:THO) by 57.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 332 shares of the construction company’s stock after buying an additional 121 shares during the period. First Horizon Advisors Inc.’s holdings in THOR Industries were worth $32,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of THO. Van ECK Associates Corp bought a new stake in shares of THOR Industries during the 3rd quarter worth $32,000. Brooklyn Investment Group bought a new stake in shares of THOR Industries during the 3rd quarter worth $38,000. Stonebridge Financial Group LLC bought a new stake in shares of THOR Industries during the 4th quarter worth $51,000. Anchor Investment Management LLC bought a new stake in shares of THOR Industries during the 3rd quarter worth $58,000. Finally, Blue Trust Inc. boosted its holdings in THOR Industries by 62.6% in the 3rd quarter. Blue Trust Inc. now owns 548 shares of the construction company’s stock valued at $60,000 after purchasing an additional 211 shares during the period. 96.71% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on THO shares. Bank of America started coverage on shares of THOR Industries in a report on Friday, December 13th. They issued a “neutral” rating and a $120.00 price target for the company. StockNews.com raised shares of THOR Industries from a “sell” rating to a “hold” rating in a report on Thursday. Benchmark reissued a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. Finally, Truist Financial increased their price target 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. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, THOR Industries has an average rating of “Hold” and an average target price of $113.17.

THOR Industries Trading Up 1.3 %

Shares of THO stock opened at $99.44 on Friday. THOR Industries, Inc. has a 52-week low of $88.37 and a 52-week high of $129.31. The stock has a market cap of $5.29 billion, a price-to-earnings ratio of 25.43, a P/E/G ratio of 1.16 and a beta of 1.69. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71. The firm has a fifty day moving average of $99.76 and a 200-day moving average of $104.20.

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 paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.01%. The ex-dividend date was Monday, January 6th. THOR Industries’s dividend payout ratio is 51.15%.

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.