Venturi Wealth Management LLC Buys 108 Shares of THOR Industries, Inc. (NYSE:THO)

Venturi Wealth Management LLC grew its stake in THOR Industries, Inc. (NYSE:THO) by 1.7% during the fourth quarter, Holdings Channel reports. The firm owned 6,312 shares of the construction company’s stock after purchasing an additional 108 shares during the period. Venturi Wealth Management LLC’s holdings in THOR Industries were worth $604,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of THO. Creative Planning lifted its holdings in shares of THOR Industries by 12.9% in the third quarter. Creative Planning now owns 11,012 shares of the construction company’s stock valued at $1,210,000 after purchasing an additional 1,254 shares in the last quarter. Blue Trust Inc. increased its position in shares of THOR Industries by 62.6% during the third quarter. Blue Trust Inc. now owns 548 shares of the construction company’s stock valued at $60,000 after acquiring an additional 211 shares during the last quarter. Raymond James & Associates increased its position in shares of THOR Industries by 5.2% during the third quarter. Raymond James & Associates now owns 348,619 shares of the construction company’s stock valued at $38,310,000 after acquiring an additional 17,095 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of THOR Industries by 9.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 3,754 shares of the construction company’s stock valued at $413,000 after acquiring an additional 327 shares during the last quarter. Finally, Private Advisor Group LLC purchased a new stake in shares of THOR Industries during the third quarter valued at approximately $316,000. Institutional investors own 96.71% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on THO shares. Bank of America started coverage on THOR Industries in a research report on Friday, December 13th. They set a “neutral” rating and a $120.00 price target for the company. Truist Financial increased their price target on THOR Industries from $98.00 to $110.00 and gave the company a “hold” rating in a research report on Monday, February 10th. StockNews.com downgraded THOR Industries from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, THOR Industries currently has an average rating of “Hold” and an average target price of $113.17.

THOR Industries Stock Performance

NYSE:THO opened at $102.13 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78. The business has a fifty day simple moving average of $99.80 and a two-hundred day simple moving average of $104.18. THOR Industries, Inc. has a 1 year low of $88.37 and a 1 year high of $129.31. The company has a market capitalization of $5.44 billion, a P/E ratio of 26.12, a P/E/G ratio of 1.20 and a beta of 1.69.

THOR Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, January 6th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.96%. The ex-dividend date was Monday, January 6th. THOR Industries’s dividend payout ratio (DPR) is presently 51.15%.

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.