AlTi Global Inc. Purchases New Shares in Thor Industries, Inc. $THO

Key Points

• AlTi Global Inc. purchased 64,523 shares of Thor Industries, Inc. valued at approximately $5.73 million, representing a 0.12% stake in the company.
• Thor Industries recently announced an increase in its quarterly dividend from $0.50 to $0.52, with a yield of 1.9%.
• Of the latest stock ratings, two analysts have given a Buy rating, while ten have assigned a Hold rating, with a current consensus target price of $104.00.

AlTi Global Inc. purchased a new stake in Thor Industries, Inc. (NYSE:THO - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 64,523 shares of the RV manufacturer's stock, valued at approximately $5,730,000. AlTi Global Inc. owned 0.12% of Thor Industries at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Signaturefd LLC lifted its position in shares of Thor Industries by 86.6% during the 2nd quarter. Signaturefd LLC now owns 446 shares of the RV manufacturer's stock valued at $40,000 after acquiring an additional 207 shares during the period. Parallel Advisors LLC lifted its position in shares of Thor Industries by 198.3% during the 2nd quarter. Parallel Advisors LLC now owns 516 shares of the RV manufacturer's stock valued at $46,000 after acquiring an additional 343 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Thor Industries by 66.6% during the 2nd quarter. Mirae Asset Global Investments Co. Ltd. now owns 563 shares of the RV manufacturer's stock valued at $50,000 after acquiring an additional 225 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its position in shares of Thor Industries by 96.3% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 805 shares of the RV manufacturer's stock valued at $61,000 after acquiring an additional 395 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in shares of Thor Industries by 336.1% during the 1st quarter. Smartleaf Asset Management LLC now owns 785 shares of the RV manufacturer's stock valued at $61,000 after acquiring an additional 605 shares during the period. 96.71% of the stock is currently owned by institutional investors.

Thor Industries Price Performance

Shares of THO opened at $108.85 on Friday. Thor Industries, Inc. has a 12-month low of $63.15 and a 12-month high of $118.85. The business has a 50-day simple moving average of $106.54 and a two-hundred day simple moving average of $91.96. The company has a quick ratio of 0.90, a current ratio of 1.75 and a debt-to-equity ratio of 0.21. The stock has a market cap of $5.73 billion, a PE ratio of 26.10, a PEG ratio of 1.90 and a beta of 1.35.

Thor Industries Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Shareholders of record on Thursday, October 23rd will be issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Thursday, October 23rd. This is a boost from Thor Industries's previous quarterly dividend of $0.50. Thor Industries's payout ratio is currently 49.88%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on THO shares. Robert W. Baird upped their target price on Thor Industries from $90.00 to $110.00 and gave the company a "neutral" rating in a research report on Thursday, September 25th. Weiss Ratings reiterated a "hold (c)" rating on shares of Thor Industries in a research report on Wednesday, October 8th. Truist Financial lowered their price target on Thor Industries from $115.00 to $110.00 and set a "hold" rating for the company in a report on Thursday, October 9th. Roth Capital set a $93.00 price target on Thor Industries and gave the stock a "neutral" rating in a report on Wednesday, September 17th. Finally, KeyCorp raised Thor Industries from an "underweight" rating to a "sector weight" rating in a report on Friday, August 1st. Two analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the company. According to MarketBeat, Thor Industries currently has a consensus rating of "Hold" and an average target price of $104.00.

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.

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