State of New Jersey Common Pension Fund D Has $1.77 Million Stock Position in THOR Industries, Inc. (NYSE:THO)

State of New Jersey Common Pension Fund D lessened its holdings in shares of THOR Industries, Inc. (NYSE:THO) by 32.4% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,971 shares of the construction company’s stock after selling 9,082 shares during the period. State of New Jersey Common Pension Fund D’s holdings in THOR Industries were worth $1,773,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of THO. Norges Bank bought a new position in THOR Industries during the fourth quarter worth $65,391,000. Corient Private Wealth LLC boosted its stake in THOR Industries by 2.6% in the fourth quarter. Corient Private Wealth LLC now owns 23,512 shares of the construction company’s stock valued at $2,780,000 after acquiring an additional 604 shares during the last quarter. Aigen Investment Management LP purchased a new stake in shares of THOR Industries during the 4th quarter valued at approximately $224,000. Commerce Bank purchased a new stake in shares of THOR Industries during the 4th quarter valued at approximately $682,000. Finally, Parallel Advisors LLC increased its holdings in THOR Industries by 70.8% during the 4th quarter. Parallel Advisors LLC now owns 292 shares of the construction company’s stock worth $35,000 after acquiring an additional 121 shares during the period. Institutional investors and hedge funds own 96.71% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on THO. Benchmark initiated coverage on shares of THOR Industries in a report on Thursday, July 18th. They issued a “hold” rating on the stock. BMO Capital Markets reaffirmed an “outperform” rating and issued a $120.00 target price on shares of THOR Industries in a research report on Thursday, September 19th. Citigroup dropped 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 report on Friday, June 7th. Truist Financial increased their price target on shares of THOR Industries from $95.00 to $105.00 and gave the stock a “hold” rating in a research note on Friday, September 20th. Finally, Robert W. Baird reduced their price objective on shares of THOR Industries from $120.00 to $110.00 and set an “outperform” rating for the company in a research note on Thursday, June 6th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, THOR Industries presently has an average rating of “Moderate Buy” and a consensus price target of $112.00.

THOR Industries Stock Performance

Shares of NYSE THO opened at $109.47 on Wednesday. The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of 22.20 and a beta of 1.67. THOR Industries, Inc. has a 12-month low of $84.54 and a 12-month high of $129.31. The firm has a 50 day moving average of $102.51 and a 200 day moving average of $101.22. The company has a current ratio of 1.65, a quick ratio of 0.74 and a debt-to-equity ratio of 0.30.

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.