Shayne & Jacobs LLC Sells 640 Shares of THOR Industries, Inc. (NYSE:THO)

Shayne & Jacobs LLC lowered its stake in shares of THOR Industries, Inc. (NYSE:THO) by 2.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 21,461 shares of the construction company’s stock after selling 640 shares during the period. THOR Industries comprises approximately 0.5% of Shayne & Jacobs LLC’s investment portfolio, making the stock its 26th biggest holding. Shayne & Jacobs LLC’s holdings in THOR Industries were worth $2,054,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its position in shares of THOR Industries by 8.7% during the fourth quarter. Bank of New York Mellon Corp now owns 580,997 shares of the construction company’s stock valued at $55,607,000 after buying an additional 46,283 shares during the last quarter. First Horizon Advisors Inc. raised its holdings in shares of THOR Industries by 57.3% in the fourth quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock valued at $32,000 after purchasing an additional 121 shares during the last quarter. Kestra Investment Management LLC bought a new position in shares of THOR Industries during the 4th quarter worth approximately $65,000. Venturi Wealth Management LLC boosted its position in THOR Industries by 1.7% in the fourth quarter. Venturi Wealth Management LLC now owns 6,312 shares of the construction company’s stock worth $604,000 after purchasing an additional 108 shares during the last quarter. Finally, Sanctuary Advisors LLC raised its stake in shares of THOR Industries by 0.5% during the 4th quarter. Sanctuary Advisors LLC now owns 21,614 shares of the construction company’s stock worth $2,278,000 after purchasing an additional 113 shares during the period. 96.71% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

THOR Industries Stock Up 1.3 %

THO opened at $102.06 on Wednesday. The business’s fifty day simple moving average is $99.58 and its 200 day simple moving average is $104.25. THOR Industries, Inc. has a 52 week low of $88.37 and a 52 week high of $129.31. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. The stock has a market cap of $5.43 billion, a PE ratio of 26.10, a P/E/G ratio of 1.16 and a beta of 1.69.

THOR Industries Dividend Announcement

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