QV Investors Inc. Lowers Stock Position in THOR Industries, Inc. (NYSE:THO)

QV Investors Inc. decreased its holdings in THOR Industries, Inc. (NYSE:THO) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,986 shares of the construction company’s stock after selling 790 shares during the quarter. QV Investors Inc. owned about 0.05% of THOR Industries worth $2,583,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quarry LP purchased a new stake in shares of THOR Industries in the second quarter valued at about $28,000. UMB Bank n.a. raised its stake in THOR Industries by 2,050.0% during the 3rd quarter. UMB Bank n.a. now owns 258 shares of the construction company’s stock valued at $28,000 after acquiring an additional 246 shares during the last quarter. Van ECK Associates Corp acquired a new stake in THOR Industries during the 3rd quarter worth approximately $32,000. Brooklyn Investment Group purchased a new position in shares of THOR Industries in the 3rd quarter valued at approximately $38,000. Finally, Headlands Technologies LLC purchased a new stake in shares of THOR Industries during the second quarter worth approximately $42,000. Hedge funds and other institutional investors own 96.71% of the company’s stock.

Insider Activity at THOR Industries

In other news, VP Colleen A. Zuhl sold 4,354 shares of the company’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $115.00, for a total value of $500,710.00. Following the sale, the vice president now directly owns 131,905 shares in the company, valued at $15,169,075. This represents a 3.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.50% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on THO. BMO Capital Markets reissued an “outperform” rating and issued a $120.00 price objective on shares of THOR Industries in a research note on Thursday, September 19th. DA Davidson reiterated a “neutral” rating and set a $95.00 price target on shares of THOR Industries in a research note on Monday, September 30th. Benchmark restated a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. Truist Financial cut their target price on THOR Industries from $105.00 to $98.00 and set a “hold” rating for the company in a research note on Tuesday, January 7th. Finally, Citigroup lifted their price target on THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $111.17.

THOR Industries Price Performance

NYSE:THO traded up $1.21 during mid-day trading on Monday, hitting $94.53. 192,646 shares of the company’s stock traded hands, compared to its average volume of 424,926. 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 company has a market cap of $5.03 billion, a PE ratio of 24.18 and a beta of 1.68. The firm’s 50 day simple moving average is $103.96 and its 200 day simple moving average is $103.44. THOR Industries, Inc. has a 1 year low of $88.37 and a 1 year high of $129.31.

THOR Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Monday, January 6th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Monday, January 6th. This represents a $2.00 annualized dividend and a dividend yield of 2.12%. THOR Industries’s dividend payout ratio is currently 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.