Eagle Ridge Investment Management Sells 1,743 Shares of THOR Industries, Inc. (NYSE:THO)

Eagle Ridge Investment Management cut its position in THOR Industries, Inc. (NYSE:THO) by 1.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 108,126 shares of the construction company’s stock after selling 1,743 shares during the quarter. Eagle Ridge Investment Management owned about 0.20% of THOR Industries worth $10,349,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. State Street Corp lifted its position in shares of THOR Industries by 2.1% during the 3rd quarter. State Street Corp now owns 1,624,002 shares of the construction company’s stock valued at $178,462,000 after acquiring an additional 33,619 shares during the period. JPMorgan Chase & Co. lifted its position in shares of THOR Industries by 37.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock valued at $165,078,000 after acquiring an additional 411,466 shares during the period. Pacer Advisors Inc. lifted its position in shares of THOR Industries by 2.8% during the 3rd quarter. Pacer Advisors Inc. now owns 1,171,779 shares of the construction company’s stock valued at $128,767,000 after acquiring an additional 31,416 shares during the period. Geode Capital Management LLC lifted its position in shares of THOR Industries by 1.4% during the 3rd quarter. Geode Capital Management LLC now owns 911,232 shares of the construction company’s stock valued at $100,161,000 after acquiring an additional 12,758 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of THOR Industries by 2.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 601,435 shares of the construction company’s stock worth $66,092,000 after buying an additional 15,018 shares during the last quarter. 96.71% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. 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 objective for the company. Truist Financial dropped their target price on THOR Industries from $105.00 to $98.00 and set a “hold” rating for the company in a research report on Tuesday, January 7th. StockNews.com downgraded THOR Industries from a “hold” rating to a “sell” rating in a research report on Sunday, February 2nd. Finally, Benchmark reiterated a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $111.17.

THOR Industries Trading Down 1.4 %

NYSE THO opened at $100.87 on Friday. The business has a 50 day simple moving average of $100.67 and a 200 day simple moving average of $104.15. THOR Industries, Inc. has a one year low of $88.37 and a one year high of $129.31. The stock has a market capitalization of $5.37 billion, a P/E ratio of 25.80, a P/E/G ratio of 1.20 and a beta of 1.69. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78.

THOR Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, January 6th were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.00 annualized dividend and a yield of 1.98%. 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.