PNC Financial Services Group Inc. Sells 1,291 Shares of Thor Industries, Inc. $THO

PNC Financial Services Group Inc. trimmed its stake in Thor Industries, Inc. (NYSE:THO) by 9.3% during the 2nd quarter, Holdings Channel reports. The firm owned 12,552 shares of the RV manufacturer’s stock after selling 1,291 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Thor Industries were worth $1,115,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. ProShare Advisors LLC grew its stake in Thor Industries by 49.4% in the 2nd quarter. ProShare Advisors LLC now owns 454,779 shares of the RV manufacturer’s stock worth $40,389,000 after buying an additional 150,391 shares in the last quarter. Fullcircle Wealth LLC grew its position in Thor Industries by 1.4% in the second quarter. Fullcircle Wealth LLC now owns 9,713 shares of the RV manufacturer’s stock worth $906,000 after acquiring an additional 130 shares in the last quarter. Machina Capital S.A.S. purchased a new position in Thor Industries in the second quarter worth $214,000. Versor Investments LP bought a new position in Thor Industries in the second quarter valued at $1,279,000. Finally, Atria Investments Inc raised its position in Thor Industries by 6.0% during the second quarter. Atria Investments Inc now owns 121,785 shares of the RV manufacturer’s stock valued at $10,816,000 after purchasing an additional 6,841 shares in the last quarter. 96.71% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Zacks Research upgraded Thor Industries from a “strong sell” rating to a “hold” rating in a report on Wednesday, September 3rd. Truist Financial cut their target price on Thor Industries from $115.00 to $110.00 and set a “hold” rating for the company in a research note on Thursday, October 9th. Citigroup reduced their price target on shares of Thor Industries from $122.00 to $117.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 8th. KeyCorp upgraded shares of Thor Industries from an “underweight” rating to a “sector weight” rating in a report on Friday, August 1st. Finally, Roth Capital set a $93.00 target price on shares of Thor Industries and gave the company a “neutral” rating in a report on Wednesday, September 17th. Two analysts have rated the stock with a Buy rating and twelve have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $104.67.

Thor Industries Stock Performance

Shares of THO stock opened at $95.99 on Friday. The company has a market capitalization of $5.07 billion, a P/E ratio of 23.02, a PEG ratio of 1.81 and a beta of 1.32. Thor Industries, Inc. has a fifty-two week low of $63.15 and a fifty-two week high of $118.85. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.90 and a current ratio of 1.75. The stock has a 50 day moving average price of $103.82 and a two-hundred day moving average price of $96.50.

Thor Industries Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, November 6th. Shareholders of record on Thursday, October 23rd were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Thursday, October 23rd. This is an increase from Thor Industries’s previous quarterly dividend of $0.50. Thor Industries’s dividend payout ratio is currently 49.88%.

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.