EMC Capital Management Trims Holdings in THOR Industries, Inc. (NYSE:THO)

EMC Capital Management decreased its stake in shares of THOR Industries, Inc. (NYSE:THO - Free Report) by 93.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,699 shares of the construction company's stock after selling 22,760 shares during the period. EMC Capital Management's holdings in THOR Industries were worth $163,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in THO. Bank of Montreal Can raised its holdings in THOR Industries by 42.7% in the 2nd quarter. Bank of Montreal Can now owns 20,680 shares of the construction company's stock valued at $1,934,000 after acquiring an additional 6,185 shares during the last quarter. AQR Capital Management LLC increased its stake in THOR Industries by 4.2% in the second quarter. AQR Capital Management LLC now owns 55,061 shares of the construction company's stock valued at $5,090,000 after purchasing an additional 2,218 shares during the last quarter. Algert Global LLC purchased a new position in THOR Industries during the second quarter worth about $477,000. Quarry LP acquired a new stake in THOR Industries in the 2nd quarter worth about $28,000. Finally, Sanctuary Advisors LLC purchased a new stake in THOR Industries in the 2nd quarter valued at about $2,118,000. 96.71% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

THO has been the topic of several recent analyst reports. StockNews.com lowered shares of THOR Industries from a "hold" rating to a "sell" rating in a report on Sunday. Benchmark reaffirmed a "hold" rating on shares of THOR Industries in a research note on Tuesday, December 3rd. Bank of America initiated coverage on shares of THOR Industries in a research note on Friday, December 13th. They set a "neutral" rating and a $120.00 price objective for the company. Finally, Truist Financial dropped their price objective on THOR Industries from $105.00 to $98.00 and set a "hold" rating for the company in a report on Tuesday, January 7th. 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 stock. According to MarketBeat.com, THOR Industries has an average rating of "Hold" and an average target price of $111.17.

THOR Industries Trading Down 2.3 %

THO traded down $2.43 during trading on Friday, hitting $102.96. 1,401,056 shares of the company's stock were exchanged, compared to its average volume of 521,753. THOR Industries, Inc. has a 1 year low of $88.37 and a 1 year high of $129.31. The stock has a 50 day moving average price of $101.58 and a 200 day moving average price of $104.10. The firm has a market cap of $5.48 billion, a P/E ratio of 26.33, a price-to-earnings-growth ratio of 1.19 and a beta of 1.68. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26.

THOR Industries Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 1.94%. THOR Industries's dividend payout ratio (DPR) is 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.