Royal London Asset Management Ltd. Cuts Stock Position in THOR Industries, Inc. (NYSE:THO)

Royal London Asset Management Ltd. decreased its holdings in THOR Industries, Inc. (NYSE:THO) by 14.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,562,101 shares of the construction company’s stock after selling 422,298 shares during the quarter. THOR Industries accounts for about 0.6% of Royal London Asset Management Ltd.’s holdings, making the stock its 29th biggest holding. Royal London Asset Management Ltd. owned about 4.82% of THOR Industries worth $239,428,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in THO. Gamco Investors INC. ET AL lifted its holdings in THOR Industries by 2.5% during the 1st quarter. Gamco Investors INC. ET AL now owns 4,100 shares of the construction company’s stock worth $481,000 after buying an additional 100 shares in the last quarter. Ontario Teachers Pension Plan Board raised its position in THOR Industries by 0.8% in the 1st quarter. Ontario Teachers Pension Plan Board now owns 13,960 shares of the construction company’s stock valued at $1,638,000 after purchasing an additional 108 shares in the last quarter. Parallel Advisors LLC grew its position in shares of THOR Industries by 70.8% during the fourth quarter. Parallel Advisors LLC now owns 292 shares of the construction company’s stock worth $35,000 after buying an additional 121 shares in the last quarter. Tortoise Investment Management LLC increased its stake in shares of THOR Industries by 77.0% during the second quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock worth $27,000 after buying an additional 124 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its holdings in THOR Industries by 2.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 5,714 shares of the construction company’s stock valued at $670,000 after acquiring an additional 131 shares in the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

Wall Street Analyst Weigh In

THO has been the subject of several analyst reports. Robert W. Baird lowered their price target on shares of THOR Industries from $120.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday, June 6th. Citigroup lowered their target price on shares of THOR Industries from $120.00 to $113.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Truist Financial cut their price target on THOR Industries from $100.00 to $95.00 and set a “hold” rating on the stock in a research note on Thursday, June 6th. Finally, Benchmark started coverage on THOR Industries in a research note on Thursday, July 18th. They set a “hold” rating for the company. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $102.00.

THOR Industries Stock Performance

Shares of THOR Industries stock opened at $100.97 on Tuesday. The stock has a market capitalization of $5.37 billion, a price-to-earnings ratio of 20.48 and a beta of 1.67. The firm’s fifty day simple moving average is $100.89 and its 200-day simple moving average is $102.64. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.65 and a quick ratio of 0.74. THOR Industries, Inc. has a 12 month low of $84.54 and a 12 month high of $129.31.

THOR Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 18th. Shareholders of record on Wednesday, July 3rd were paid a $0.48 dividend. The ex-dividend date of this dividend was Wednesday, July 3rd. This represents a $1.92 dividend on an annualized basis and a yield of 1.90%. THOR Industries’s dividend payout ratio is presently 38.95%.

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.