Public Employees Retirement System of Ohio Makes New $1.08 Million Investment in Thor Industries, Inc. $THO

Public Employees Retirement System of Ohio acquired a new position in Thor Industries, Inc. (NYSE:THO) in the 2nd quarter, Holdings Channel reports. The firm acquired 14,332 shares of the RV manufacturer’s stock, valued at approximately $1,077,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Jones Financial Companies Lllp raised its holdings in shares of Thor Industries by 433.3% during the 1st quarter. Jones Financial Companies Lllp now owns 7,061 shares of the RV manufacturer’s stock valued at $535,000 after buying an additional 5,737 shares during the period. United Services Automobile Association purchased a new position in Thor Industries in the 1st quarter worth approximately $269,000. Empowered Funds LLC acquired a new stake in Thor Industries in the first quarter valued at approximately $1,177,000. Focus Partners Wealth acquired a new stake in Thor Industries in the first quarter valued at approximately $255,000. Finally, Prudential Financial Inc. raised its stake in shares of Thor Industries by 20.4% during the second quarter. Prudential Financial Inc. now owns 5,534 shares of the RV manufacturer’s stock valued at $491,000 after purchasing an additional 937 shares during the period. Institutional investors and hedge funds own 96.71% of the company’s stock.

Thor Industries Stock Performance

Shares of THO opened at $74.11 on Wednesday. The stock has a market capitalization of $3.86 billion, a PE ratio of 32.08, a price-to-earnings-growth ratio of 1.69 and a beta of 1.34. The business’s fifty day moving average price is $76.85 and its 200 day moving average price is $79.33. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.71 and a quick ratio of 0.80. Thor Industries, Inc. has a 12-month low of $69.71 and a 12-month high of $122.83.

Thor Industries Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were issued a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $2.08 annualized dividend and a dividend yield of 2.8%. Thor Industries’s payout ratio is 90.04%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of Thor Industries from a “sell” rating to a “hold” rating in a report on Saturday. Loop Capital boosted their price objective on shares of Thor Industries from $90.00 to $96.00 and gave the stock a “buy” rating in a report on Thursday, June 4th. Bank of America decreased their price objective on shares of Thor Industries from $120.00 to $96.00 and set a “buy” rating for the company in a research report on Thursday, June 4th. Truist Financial dropped their target price on Thor Industries from $109.00 to $80.00 and set a “hold” rating on the stock in a research report on Wednesday, July 8th. Finally, Argus upgraded Thor Industries to a “hold” rating in a research note on Friday, June 12th. Three analysts have rated the stock with a Buy rating and eleven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $92.33.

Thor Industries Profile

Thor Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and related components for the leisure travel market. Through its family of well-known brands—such as Airstream, Heartland, Jayco, Keystone RV and Thor Motor Coach—the company designs, manufactures and sells a broad range of motorized and towable RVs, complemented by aftermarket parts and service solutions. Thor offers products that span travel trailers, fifth wheels, toy haulers and Class A, B and C motorhomes, addressing both entry-level and premium segments.

Founded in 1980 when Wade Thompson and Peter Orthwein acquired Airstream from Beatrice Foods, Thor Industries has grown organically and through strategic acquisitions to become one of the largest RV producers in the world.