Salvus Wealth Management LLC Has $4.04 Million Stock Holdings in THOR Industries, Inc. (NYSE:THO)

Salvus Wealth Management LLC increased its stake in THOR Industries, Inc. (NYSE:THO - Free Report) by 19.4% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 42,168 shares of the construction company's stock after buying an additional 6,838 shares during the quarter. THOR Industries accounts for approximately 2.6% of Salvus Wealth Management LLC's portfolio, making the stock its 10th largest holding. Salvus Wealth Management LLC owned 0.08% of THOR Industries worth $4,036,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its position in THOR Industries by 37.7% in the third quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company's stock worth $165,078,000 after buying an additional 411,466 shares during the last quarter. Pacer Advisors Inc. grew its stake in shares of THOR Industries by 35.1% during the 2nd quarter. Pacer Advisors Inc. now owns 1,140,363 shares of the construction company's stock worth $106,567,000 after acquiring an additional 296,583 shares during the period. Natixis Advisors LLC increased its holdings in THOR Industries by 51.3% in the 3rd quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company's stock worth $55,486,000 after acquiring an additional 171,244 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in THOR Industries by 46.4% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 501,479 shares of the construction company's stock valued at $55,108,000 after acquiring an additional 159,022 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new stake in THOR Industries during the third quarter valued at about $13,229,000. Institutional investors own 96.71% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Citigroup lifted their target price on shares of THOR Industries from $119.00 to $124.00 and gave the stock a "buy" rating in a research note on Thursday, September 26th. StockNews.com upgraded shares of THOR Industries from a "sell" rating to a "hold" rating in a research note on Saturday, January 4th. Truist Financial dropped their target price on THOR Industries from $105.00 to $98.00 and set a "hold" rating on the stock in a research report on Tuesday, January 7th. DA Davidson reiterated a "neutral" rating and issued a $95.00 price target on shares of THOR Industries in a research report on Monday, September 30th. Finally, Benchmark reissued a "hold" rating on shares of THOR Industries in a report on Tuesday, December 3rd. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $111.17.

THOR Industries Price Performance

Shares of THO stock traded down $1.98 on Friday, reaching $101.97. The company's stock had a trading volume of 695,995 shares, compared to its average volume of 588,845. THOR Industries, Inc. has a 12-month low of $88.37 and a 12-month high of $129.31. The stock's 50 day simple moving average is $103.23 and its 200-day simple moving average is $103.47. 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 company has a market capitalization of $5.43 billion, a P/E ratio of 26.08, a PEG ratio of 1.08 and a beta of 1.68.

THOR Industries Announces Dividend

The firm 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 dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.96%. The ex-dividend date of this dividend is Monday, January 6th. 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.