Alberta Investment Management Corp Sells 8,900 Shares of THOR Industries, Inc. (NYSE:THO)

Alberta Investment Management Corp lowered its stake in THOR Industries, Inc. (NYSE:THO) by 55.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,200 shares of the construction company’s stock after selling 8,900 shares during the period. Alberta Investment Management Corp’s holdings in THOR Industries were worth $689,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in THOR Industries by 37.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock worth $165,078,000 after acquiring an additional 411,466 shares during the last quarter. Natixis Advisors LLC boosted its stake in shares of THOR Industries by 51.3% during the third quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company’s stock valued at $55,486,000 after purchasing an additional 171,244 shares in the last quarter. State Street Corp grew its holdings in shares of THOR Industries by 2.1% during the third quarter. State Street Corp now owns 1,624,002 shares of the construction company’s stock worth $178,462,000 after purchasing an additional 33,619 shares during the last quarter. Radnor Capital Management LLC acquired a new position in shares of THOR Industries in the third quarter valued at approximately $631,000. Finally, Consolidated Planning Corp acquired a new position in shares of THOR Industries in the third quarter valued at approximately $620,000. Institutional investors own 96.71% of the company’s stock.

Analyst Ratings Changes

THO has been the topic of a number of research reports. Benchmark reissued a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. Truist Financial boosted their price objective on shares of THOR Industries from $98.00 to $110.00 and gave the stock a “hold” rating in a research note on Monday, February 10th. 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 objective for the company. Finally, StockNews.com downgraded THOR Industries from a “hold” rating to a “sell” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, THOR Industries currently has an average rating of “Hold” and a consensus price target of $113.17.

THOR Industries Price Performance

THO stock opened at $99.06 on Friday. 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 firm has a market cap of $5.27 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 1.16 and a beta of 1.69. The company’s fifty day simple moving average is $99.60 and its 200 day simple moving average is $104.21. THOR Industries, Inc. has a 12-month low of $88.37 and a 12-month high of $129.31.

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 given 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 dividend yield of 2.02%. THOR Industries’s payout ratio is 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.