THOR Industries, Inc. (NYSE:THO) Stake Cut by LVW Advisors LLC

LVW Advisors LLC decreased its holdings in shares of THOR Industries, Inc. (NYSE:THO) by 5.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,999 shares of the construction company’s stock after selling 266 shares during the period. LVW Advisors LLC’s holdings in THOR Industries were worth $478,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Quarry LP acquired a new stake in THOR Industries during the second quarter worth about $28,000. UMB Bank n.a. grew its position in shares of THOR Industries by 2,050.0% during the third quarter. UMB Bank n.a. now owns 258 shares of the construction company’s stock worth $28,000 after acquiring an additional 246 shares during the last quarter. Van ECK Associates Corp acquired a new stake in shares of THOR Industries in the 3rd quarter worth about $32,000. Brooklyn Investment Group bought a new stake in THOR Industries in the 3rd quarter valued at about $38,000. Finally, Anchor Investment Management LLC acquired a new position in THOR Industries during the 3rd quarter valued at about $58,000. 96.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on THO shares. Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. StockNews.com lowered THOR Industries from a “hold” rating to a “sell” rating in a research report on Friday. Bank of America initiated coverage on THOR Industries in a report on Friday, December 13th. They set a “neutral” rating and a $120.00 price target on the stock. DA Davidson reissued a “neutral” rating and set a $95.00 target price on shares of THOR Industries in a report on Monday, September 30th. Finally, Citigroup upped their price target on shares of THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, September 26th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $111.17.

THOR Industries Price Performance

THO stock opened at $101.97 on Tuesday. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $5.43 billion, a PE ratio of 26.08, a P/E/G ratio of 1.08 and a beta of 1.68. THOR Industries, Inc. has a one year low of $88.37 and a one year high of $129.31. The firm has a 50-day moving average of $102.84 and a two-hundred day moving average of $103.75.

THOR Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, January 6th were issued a $0.50 dividend. The ex-dividend date was Monday, January 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.96%. THOR Industries’s payout ratio is currently 51.15%.

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.