Oppenheimer Asset Management Inc. Sells 5,678 Shares of THOR Industries, Inc. (NYSE:THO)

Oppenheimer Asset Management Inc. trimmed its stake in THOR Industries, Inc. (NYSE:THO) by 1.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 380,511 shares of the construction company’s stock after selling 5,678 shares during the period. Oppenheimer Asset Management Inc.’s holdings in THOR Industries were worth $36,419,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of THO. Creative Planning boosted its stake in THOR Industries by 12.9% in the third quarter. Creative Planning now owns 11,012 shares of the construction company’s stock worth $1,210,000 after purchasing an additional 1,254 shares in the last quarter. Blue Trust Inc. boosted its stake in THOR Industries by 62.6% in 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. Allspring Global Investments Holdings LLC boosted its stake in THOR Industries by 9.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,754 shares of the construction company’s stock worth $413,000 after purchasing an additional 327 shares in the last quarter. Private Advisor Group LLC acquired a new position in THOR Industries in the third quarter worth $316,000. Finally, International Assets Investment Management LLC boosted its stake in THOR Industries by 11,865.0% in the third quarter. International Assets Investment Management LLC now owns 41,758 shares of the construction company’s stock worth $4,589,000 after purchasing an additional 41,409 shares in the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

Analysts Set New Price Targets

THO has been the topic of several research reports. Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. StockNews.com cut THOR Industries from a “hold” rating to a “sell” rating in a report on Wednesday, February 19th. Truist Financial raised their price target on THOR Industries from $98.00 to $110.00 and gave the company a “hold” rating in a report on Monday, February 10th. Finally, Bank of America initiated coverage on THOR Industries in a report on Friday, December 13th. They issued a “neutral” rating and a $120.00 price target on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $113.17.

THOR Industries Price Performance

Shares of THO opened at $101.60 on Thursday. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26. THOR Industries, Inc. has a 1 year low of $88.37 and a 1 year high of $129.31. The stock has a market cap of $5.41 billion, a P/E ratio of 25.98, a price-to-earnings-growth ratio of 1.16 and a beta of 1.69. The stock’s 50-day moving average price is $99.68 and its two-hundred day moving average price is $104.24.

THOR Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, January 6th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date was Monday, January 6th. 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.