Sylvest Advisors LLC Makes New Investment in THOR Industries, Inc. (NYSE:THO)

Sylvest Advisors LLC acquired a new stake in shares of THOR Industries, Inc. (NYSE:THO - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 4,680 shares of the construction company's stock, valued at approximately $448,000.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Blue Trust Inc. lifted its stake in THOR Industries by 22.1% during the 4th quarter. Blue Trust Inc. now owns 669 shares of the construction company's stock valued at $64,000 after acquiring an additional 121 shares during the period. Stratos Wealth Advisors LLC lifted its stake in shares of THOR Industries by 2.2% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 6,411 shares of the construction company's stock valued at $705,000 after purchasing an additional 135 shares during the period. Nisa Investment Advisors LLC lifted its stake in shares of THOR Industries by 0.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 15,776 shares of the construction company's stock valued at $1,734,000 after purchasing an additional 135 shares during the period. GAMMA Investing LLC lifted its stake in shares of THOR Industries by 34.7% in the 3rd quarter. GAMMA Investing LLC now owns 780 shares of the construction company's stock valued at $86,000 after purchasing an additional 201 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its stake in shares of THOR Industries by 7.6% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 3,419 shares of the construction company's stock valued at $375,000 after purchasing an additional 242 shares during the period. 96.71% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Benchmark reiterated a "hold" rating on shares of THOR Industries in a research note on Tuesday, December 3rd. Truist Financial decreased their target price on shares of THOR Industries from $105.00 to $98.00 and set a "hold" rating for the company in a research note on Tuesday, January 7th. StockNews.com cut shares of THOR Industries from a "hold" rating to a "sell" rating in a research note on Sunday. Finally, Bank of America initiated coverage on shares of THOR Industries in a research note on Friday, December 13th. They issued a "neutral" rating and a $120.00 target price for the company. 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 data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $111.17.

THOR Industries Price Performance

NYSE THO traded down $2.43 on Friday, hitting $102.96. The company had a trading volume of 1,401,056 shares, compared to its average volume of 521,753. The company has a market capitalization of $5.48 billion, a PE ratio of 26.33, a PEG ratio of 1.19 and a beta of 1.68. The company's fifty day moving average price is $101.58 and its 200-day moving average price is $104.10. 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, 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. Stockholders of record on Monday, January 6th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend was Monday, January 6th. 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.