Franklin Resources Inc. Takes Position in THOR Industries, Inc. (NYSE:THO)

Franklin Resources Inc. bought a new position in THOR Industries, Inc. (NYSE:THO) in the third quarter, Holdings Channel reports. The firm bought 2,107 shares of the construction company’s stock, valued at approximately $233,000.

Several other large investors also recently bought and sold shares of the stock. Tortoise Investment Management LLC raised its holdings in shares of THOR Industries by 77.0% in the second quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock worth $27,000 after buying an additional 124 shares during the last quarter. Stratos Wealth Advisors LLC raised its stake in THOR Industries by 2.2% in the 3rd quarter. Stratos Wealth Advisors LLC now owns 6,411 shares of the construction company’s stock worth $705,000 after acquiring an additional 135 shares during the last quarter. Nisa Investment Advisors LLC lifted its position in THOR Industries by 0.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 15,776 shares of the construction company’s stock worth $1,734,000 after acquiring an additional 135 shares during the period. Palouse Capital Management Inc. lifted its position in THOR Industries by 25.1% during the 2nd quarter. Palouse Capital Management Inc. now owns 793 shares of the construction company’s stock worth $74,000 after acquiring an additional 159 shares during the period. Finally, GAMMA Investing LLC grew its stake in THOR Industries by 34.7% during the 3rd quarter. GAMMA Investing LLC now owns 780 shares of the construction company’s stock valued at $86,000 after purchasing an additional 201 shares during the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

THOR Industries Stock Performance

Shares of NYSE THO opened at $95.71 on Thursday. The company has a market capitalization of $5.09 billion, a PE ratio of 24.48 and a beta of 1.67. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71. The company’s fifty day moving average price is $105.43 and its 200 day moving average price is $103.15. THOR Industries, Inc. has a 1 year low of $88.37 and a 1 year high of $129.31.

THOR Industries Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Monday, January 6th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Monday, January 6th. THOR Industries’s payout ratio is currently 51.15%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on THO. Bank of America assumed coverage on THOR Industries in a research note on Friday, December 13th. They issued a “neutral” rating and a $120.00 price objective for the company. Citigroup lifted their price objective on shares of THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. DA Davidson reaffirmed a “neutral” rating and issued a $95.00 price objective on shares of THOR Industries in a report on Monday, September 30th. Benchmark reissued a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. Finally, StockNews.com raised shares of THOR Industries from a “sell” rating to a “hold” rating in a report on Wednesday, December 25th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $112.33.

Insider Activity

In other news, VP Colleen A. Zuhl sold 4,354 shares of the stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $115.00, for a total transaction of $500,710.00. Following the transaction, the vice president now owns 131,905 shares in the company, valued at $15,169,075. This trade represents a 3.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 4.50% of the company’s stock.

About THOR Industries

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.