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

Key Points

• Public Employees Retirement System of Ohio acquired 14,332 shares of Thor Industries in the second quarter, valued at approximately $1.08 million. Institutional investors collectively own 96.71% of the company’s stock.
• Analysts maintain a largely cautious outlook, with three Buy ratings and eleven Holds. Thor Industries has a consensus rating of Hold and an average price target of $92.33 after several analysts reduced their targets.
• Thor Industries recently paid a quarterly dividend of $0.52 per share, equivalent to an annualized $2.08 dividend and a 2.8% yield. The company’s dividend payout ratio is 90.04%.

Public Employees Retirement System of Ohio acquired a new position in shares of Thor Industries, Inc. (NYSE:THO - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 14,332 shares of the RV manufacturer's stock, valued at approximately $1,077,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allworth Financial LP purchased a new position in Thor Industries during the second quarter worth $26,000. Curio Wealth LLC purchased a new stake in Thor Industries during the 4th quarter worth about $36,000. Danske Bank A S acquired a new position in Thor Industries in the 3rd quarter valued at about $41,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in Thor Industries in the 4th quarter valued at about $51,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Thor Industries during the 2nd quarter worth about $52,000. Hedge funds and other institutional investors own 96.71% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Citigroup decreased their target price on shares of Thor Industries from $80.00 to $79.00 and set a "neutral" rating on the stock in a research report on Friday, July 24th. Wall Street Zen raised Thor Industries from a "sell" rating to a "hold" rating in a research note on Saturday. BMO Capital Markets lowered their price objective on Thor Industries from $120.00 to $110.00 and set an "outperform" rating for the company in a research report on Thursday, June 4th. DA Davidson dropped their target price on Thor Industries from $100.00 to $80.00 and set a "neutral" rating for the company in a research note on Monday, June 15th. Finally, Weiss Ratings downgraded Thor Industries from a "hold (c)" rating to a "hold (c-)" rating in a research report on Thursday, June 18th. Three research analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $92.33.

Thor Industries Stock Performance

NYSE:THO opened at $74.11 on Wednesday. The company has a quick ratio of 0.80, a current ratio of 1.71 and a debt-to-equity ratio of 0.20. The company has a market cap of $3.86 billion, a P/E ratio of 32.08, a P/E/G ratio of 1.69 and a beta of 1.34. Thor Industries, Inc. has a fifty-two week low of $69.71 and a fifty-two week high of $122.83. The firm's 50 day moving average is $76.85 and its two-hundred day moving average is $79.33.

Thor Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were given a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Wednesday, July 1st. Thor Industries's dividend payout ratio (DPR) is 90.04%.

About Thor Industries

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.

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