Amalgamated Bank Decreases Holdings in THOR Industries, Inc. (NYSE:THO)

Amalgamated Bank lowered its holdings in THOR Industries, Inc. (NYSE:THO) by 8.1% during the second quarter, HoldingsChannel reports. The fund owned 33,026 shares of the construction company’s stock after selling 2,918 shares during the period. Amalgamated Bank’s holdings in THOR Industries were worth $3,086,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Norges Bank acquired a new position in THOR Industries in the fourth quarter valued at approximately $65,391,000. Dimensional Fund Advisors LP boosted its holdings in shares of THOR Industries by 6.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,901,024 shares of the construction company’s stock valued at $271,097,000 after buying an additional 187,019 shares in the last quarter. Scout Investments Inc. grew its position in shares of THOR Industries by 89.7% in the 4th quarter. Scout Investments Inc. now owns 239,396 shares of the construction company’s stock valued at $28,309,000 after buying an additional 113,201 shares during the last quarter. American Century Companies Inc. raised its stake in THOR Industries by 12.2% during the 2nd quarter. American Century Companies Inc. now owns 723,910 shares of the construction company’s stock worth $67,649,000 after acquiring an additional 78,832 shares in the last quarter. Finally, ACR Alpine Capital Research LLC lifted its position in THOR Industries by 4.3% in the second quarter. ACR Alpine Capital Research LLC now owns 1,524,303 shares of the construction company’s stock valued at $142,446,000 after acquiring an additional 62,716 shares during the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the company. Benchmark initiated coverage on THOR Industries in a report on Thursday, July 18th. They set a “hold” rating on the stock. Robert W. Baird dropped their price target on THOR Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a research note on Thursday, June 6th. BMO Capital Markets reiterated an “outperform” rating and issued a $120.00 price objective on shares of THOR Industries in a research note on Thursday, September 19th. Citigroup lowered their target price on shares of THOR Industries from $120.00 to $113.00 and set a “buy” rating on the stock in a research report on Friday, June 7th. Finally, Truist Financial upped their price target on shares of THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, THOR Industries presently has an average rating of “Moderate Buy” and an average price target of $112.00.

THOR Industries Price Performance

Shares of NYSE THO opened at $103.19 on Tuesday. The stock has a fifty day moving average price of $102.40 and a 200 day moving average price of $101.19. THOR Industries, Inc. has a 1-year low of $84.54 and a 1-year high of $129.31. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.65 and a quick ratio of 0.74. The company has a market cap of $5.49 billion, a PE ratio of 20.93 and a beta of 1.67.

THOR Industries Company 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.