THOR Industries (NYSE:THO) Upgraded at StockNews.com

StockNews.com upgraded shares of THOR Industries (NYSE:THO) from a sell rating to a hold rating in a research note released on Wednesday.

Several other equities analysts have also issued reports on THO. DA Davidson reaffirmed a “neutral” rating and issued a $95.00 target price on shares of THOR Industries in a report on Monday, September 30th. Citigroup upped their price objective on THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. BMO Capital Markets reiterated an “outperform” rating and set a $120.00 target price on shares of THOR Industries in a research note on Thursday, September 19th. Bank of America initiated coverage on shares of THOR Industries in a report on Friday, December 13th. They issued a “neutral” rating and a $120.00 price target on the stock. Finally, Benchmark restated a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, THOR Industries currently has an average rating of “Hold” and a consensus price target of $112.33.

THOR Industries Stock Performance

NYSE THO opened at $95.37 on Wednesday. The company has a fifty day moving average price of $106.17 and a 200-day moving average price of $103.08. The firm has a market cap of $5.08 billion, a price-to-earnings ratio of 24.39 and a beta of 1.67. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78. THOR Industries has a 1 year low of $88.37 and a 1 year high of $129.31.

THOR Industries (NYSE:THO) last issued its quarterly earnings data on Tuesday, September 24th. The construction company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.35 by $0.33. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The business had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.47 billion. During the same period in the prior year, the firm posted $1.68 EPS. The firm’s quarterly revenue was down 7.4% compared to the same quarter last year. As a group, equities research analysts predict that THOR Industries will post 4.67 EPS for the current fiscal year.

THOR Industries Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Monday, January 6th will be given a dividend of $0.50 per share. The ex-dividend date is Monday, January 6th. This represents a $2.00 dividend on an annualized basis and a yield of 2.10%. THOR Industries’s dividend payout ratio is presently 51.15%.

Insider Transactions at THOR Industries

In other news, VP Colleen A. Zuhl sold 4,354 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $115.00, for a total value of $500,710.00. Following the completion of the transaction, the vice president now directly owns 131,905 shares of the company’s stock, valued at $15,169,075. This trade represents a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 4.50% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in THO. JPMorgan Chase & Co. lifted its holdings in shares of THOR Industries by 37.7% in the third quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock worth $165,078,000 after buying an additional 411,466 shares in the last quarter. Pacer Advisors Inc. lifted its stake in THOR Industries by 35.1% in the 2nd quarter. Pacer Advisors Inc. now owns 1,140,363 shares of the construction company’s stock worth $106,567,000 after purchasing an additional 296,583 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in 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 purchasing an additional 187,019 shares during the period. Natixis Advisors LLC grew its position in shares of THOR Industries by 51.3% during the 3rd quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company’s stock valued at $55,486,000 after purchasing an additional 171,244 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of THOR Industries by 46.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 501,479 shares of the construction company’s stock worth $55,108,000 after purchasing an additional 159,022 shares during the period. Institutional investors own 96.71% of the company’s stock.

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.