Choreo LLC Grows Stake in THOR Industries, Inc. (NYSE:THO)

Choreo LLC increased its holdings in shares of THOR Industries, Inc. (NYSE:THO - Free Report) by 14.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 356,662 shares of the construction company's stock after acquiring an additional 45,648 shares during the period. Choreo LLC owned approximately 0.67% of THOR Industries worth $34,092,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. UMB Bank n.a. raised its holdings in THOR Industries by 2,050.0% in the third quarter. UMB Bank n.a. now owns 258 shares of the construction company's stock worth $28,000 after buying an additional 246 shares during the last quarter. Quarry LP purchased a new position in THOR Industries in the 2nd quarter worth approximately $28,000. Van ECK Associates Corp bought a new position in THOR Industries in the 3rd quarter valued at approximately $32,000. Brooklyn Investment Group bought a new stake in shares of THOR Industries in the 3rd quarter worth $38,000. Finally, Anchor Investment Management LLC purchased a new position in shares of THOR Industries in the third quarter worth $58,000. Hedge funds and other institutional investors own 96.71% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. StockNews.com downgraded THOR Industries from a "hold" rating to a "sell" rating in a report on Sunday, February 2nd. Truist Financial decreased their price objective on shares of THOR Industries from $105.00 to $98.00 and set a "hold" rating for the company in a report on Tuesday, January 7th. Bank of America started coverage on shares of THOR Industries in a report on Friday, December 13th. They issued a "neutral" rating and a $120.00 target price on the stock. Finally, Benchmark reiterated a "hold" rating on shares of THOR Industries in a research note on Tuesday, December 3rd. One 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. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $111.17.

THOR Industries Stock Performance

THO traded down $1.57 during trading on Friday, hitting $99.33. The company's stock had a trading volume of 549,235 shares, compared to its average volume of 621,617. THOR Industries, Inc. has a one year low of $88.37 and a one year high of $129.31. The business's 50 day simple moving average is $100.42 and its 200-day simple moving average is $104.18. 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 $5.29 billion, a PE ratio of 25.40, a P/E/G ratio of 1.17 and a beta of 1.69.

THOR Industries Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, January 6th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.01%. The ex-dividend date was Monday, January 6th. THOR Industries's dividend payout ratio is currently 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.