JPMorgan Chase & Co. Raises Holdings in THOR Industries, Inc. (NYSE:THO)

JPMorgan Chase & Co. lifted its position in shares of THOR Industries, Inc. (NYSE:THO - Free Report) by 37.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,502,208 shares of the construction company's stock after acquiring an additional 411,466 shares during the quarter. JPMorgan Chase & Co. owned approximately 2.82% of THOR Industries worth $165,078,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in THO. Tortoise Investment Management LLC increased its stake in shares of THOR Industries by 77.0% in the second quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company's stock worth $27,000 after purchasing an additional 124 shares in the last quarter. Quarry LP bought a new position in THOR Industries in the 2nd quarter worth approximately $28,000. UMB Bank n.a. grew its stake in THOR Industries by 2,050.0% in the 3rd quarter. UMB Bank n.a. now owns 258 shares of the construction company's stock valued at $28,000 after buying an additional 246 shares in the last quarter. Van ECK Associates Corp bought a new position in shares of THOR Industries in the third quarter worth $32,000. Finally, International Assets Investment Management LLC purchased a new position in shares of THOR Industries in the second quarter valued at $33,000. 96.71% of the stock is currently owned by institutional investors.

THOR Industries Price Performance

Shares of THOR Industries stock traded up $1.36 on Wednesday, hitting $95.71. 394,608 shares of the company traded hands, compared to its average volume of 511,043. THOR Industries, Inc. has a 12-month low of $88.37 and a 12-month high of $129.31. The firm's 50-day simple moving average is $105.43 and its 200 day simple moving average is $103.15. The company has a market cap of $5.09 billion, a P/E ratio of 24.48 and a beta of 1.67. 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Monday, January 6th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date of this dividend is Monday, January 6th. THOR Industries's payout ratio is currently 51.15%.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. DA Davidson reissued a "neutral" rating and set a $95.00 price objective on shares of THOR Industries in a report on Monday, September 30th. Benchmark restated a "hold" rating on shares of THOR Industries in a research report on Tuesday, December 3rd. Citigroup boosted their price objective on shares of THOR Industries from $119.00 to $124.00 and gave the company a "buy" rating in a research note on Thursday, September 26th. Truist Financial increased their target price on shares of THOR Industries from $95.00 to $105.00 and gave the stock a "hold" rating in a research note on Friday, September 20th. Finally, BMO Capital Markets restated an "outperform" rating and set a $120.00 price target on shares of THOR Industries in a research report on Thursday, September 19th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $112.33.

Insider Activity

In other news, VP Colleen A. Zuhl sold 4,354 shares of the company's stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $115.00, for a total value of $500,710.00. Following the completion of the sale, the vice president now owns 131,905 shares of the company's stock, valued at approximately $15,169,075. This represents a 3.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.50% of the company's stock.

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.