The most recent filing that Truist Financial Corporation made with the SEC reveals that during the third quarter, the company decreased its interest in THOR Industries, Inc. (NYSE: THO) by 3.4%. The fund finished the period with 72,386 shares of the construction company’s stock despite selling 2,580 shares. Truist Financial Corporation had a total investment of $5,066,000 worth of THOR Industries shares and held approximately 0.13% of the company’s stock when the most recent reporting period closed.
During the most recent period, several institutional investors, including hedge funds and various other investment funds, modified how they were holding onto the stock. Vanguard Group Inc. increased the percentage of Thor Industries stock held by 1% during the first three months of 2018. After making an additional purchase of 53,286 shares during the most recent quarter, Vanguard Group Inc. is now the owner of a total of 5,312,648 stock issued by the construction company. The value of these shares on the market as of right now is $418,105,000. The State Street Corporation increased the amount of money it had invested in Thor Industries by 7.5% during the first three months of the year. The State Street Corporation now has 1,515,941 shares of the construction business after purchasing an additional 106,027 shares during the most recent quarter for a total of 1,515,941 shares. These shares are currently worth 119,305,000 dollars. During the second quarter, Royal London Asset Management Ltd. increased the amount of Thor Industries stock it owns by 151.5%, bringing its total ownership percentage to 100%. Royal London Asset Management Ltd. now has 1,490,339 shares of the construction company’s stock, collectively valued at a total of $111,500,000 after the purchase of an additional 897,730 shares during the most recent quarter. The holdings of Dimensional Fund Advisors LP increased by 10.7% during the first three months of 2018, thanks to the addition of more shares of THOR Industries. After purchasing 105,545 additional shares during the most recent quarter, Dimensional Fund Advisors LP now holds 1,090,915 shares of the construction company’s stock, which has a market value of $85,869,000. These shares were acquired over the most recent fiscal quarter. Not to be outdone, during the second quarter, Brandywine Global Investment Management LLC added 13.1% more Thor Industries stock to its holdings, bringing the total amount of the company’s ownership stake in that company to 100%. Brandywine Global Investment Management LLC now owns a total of 716,734 shares of the construction company’s stock, which has a market value of $53,562,000 after purchasing an additional 83,031 shares during the most recent quarter. Brandywine Global Investment Management LLC’s holdings increased by $53,562,000 during this most recent quarter. The vast majority of the company’s stock is owned by institutional investors and hedge funds, which account for 98.68% of the total.
On Friday, the opening price of a share of THOR Industries’ common stock was $93.05 per share. Trading began. However, the current ratio is 1.85, and the quick ratio is 0.70, so the debt-to-equity ratio, current ratio, and quick ratio all equal 0.47. Currently, the company has a market capitalization of $4.98 billion, a price-to-earnings ratio of 4.95, and a beta of 1.68. In addition, the ratio of price-to-earnings to beta is 1.68. THOR Industries, Inc. reached an all-time high of $104.11 in contrast to the company’s all-time low of $66.26 in the same period. In the most recent fifty trading days, the price of a share of the company’s stock has averaged $82.60, while in the most recent two hundred trading days, that price has averaged $81.09.
In addition, the corporation has just announced a new quarterly dividend, which will be distributed on Friday, the 13th of this month. On December 30, the record date for dividend eligibility, shareholders who own shares will be eligible to receive dividend payments of $0.45 per share. This results in the shareholder receiving a dividend payment of $1.80 per year and a yield of 1.93% on their investment. The dividend will be withheld from shareholder accounts on Thursday, December 29. The dividend payout rate for Thor Industries currently stands at 9.58 percent.
Throughout its existence, THO has been the subject of a significant number of papers authored by research analysts. The coverage of Thor Industries by StockNews.com began with the publication of a story on October 12, which marked the beginning of their coverage. They recommended that shareholders “hold” their shares of the company. After conducting research made available to the public on October 3, Argus decided to change their previous ” buy ” recommendation for Thor Industries to a new “hold.” In a research note published on Monday, DA Davidson raised its price target for THOR Industries from $65.00 to $85.00 and changed the company’s rating from “underperform” to “neutral.” Citigroup stated in a research note released on Monday, December 12, that they would be increasing their price objective for Thor Industries’ shares to $87.00 if they were successful. In a research report that was made public on September 30, MKM Partners announced that the price target they had previously set for shares of THOR Industries had been reduced to $69. Two industry experts have issued a recommendation to sell the company; seven others have given it a rating of “hold,” and two industry experts have given it a rating of “buy.” In addition, two analysts have issued a recommendation to sell the company. According to information made available by Bloomberg, the current rating for THOR Industries is “Hold,” and the average price objective that has been set for the company is $79.50. This information was derived from the company’s analyst forecasts.
Recreational vehicles (RVs) and the parts and accessories that go along with them are some of the products THOR Industries, Inc. designs, manufactures and sells in the United States of America, Canada, and Europe. THOR Industries, Inc. also sells RVs and the parts and accessories that go along with them in Europe. This particular company sells a variety of products, some of which include motor caravans, campervans, travel trailers, fifth wheels, motor caravans, traditional travel trailers, and fifth wheels, deluxe fifth wheels, traditional travel trailers, and fifth wheels, motor caravans, caravans, and urban vehicles.