THOR Industries (NYSE:THO) Upgraded to Hold 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 Saturday.

Other equities analysts have also issued research reports about the stock. DA Davidson restated a “neutral” rating and set a $95.00 price objective on shares of THOR Industries in a research report on Monday, September 30th. Truist Financial upped their target price on THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a report on Friday, September 20th. Bank of America initiated coverage on shares of THOR Industries in a research note on Friday, December 13th. They set a “neutral” rating and a $120.00 price objective for the company. Citigroup boosted their price target on shares of THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, September 26th. Finally, Benchmark reissued a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $112.33.

THOR Industries Trading Down 0.7 %

Shares of THOR Industries stock opened at $95.97 on Friday. The business has a fifty day simple moving average of $104.85 and a 200-day simple moving average of $103.31. The firm has a market cap of $5.11 billion, a price-to-earnings ratio of 24.54 and a beta of 1.68. THOR Industries has a fifty-two week low of $88.37 and a fifty-two week high of $129.31. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26.

THOR Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Monday, January 6th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.08%. The ex-dividend date is Monday, January 6th. THOR Industries’s payout ratio is presently 51.15%.

Insider Activity

In other THOR Industries news, VP Colleen A. Zuhl sold 4,354 shares of the stock in a transaction on Wednesday, October 16th. The shares were sold at an average price of $115.00, for a total value of $500,710.00. Following the completion of the sale, the vice president now directly owns 131,905 shares of the company’s stock, valued at $15,169,075. This represents a 3.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On THOR Industries

Several hedge funds have recently made changes to their positions in THO. Quarry LP bought a new position in THOR Industries during the second quarter valued at about $28,000. UMB Bank n.a. grew its holdings in shares of THOR Industries by 2,050.0% during the 3rd quarter. UMB Bank n.a. now owns 258 shares of the construction company’s stock worth $28,000 after purchasing an additional 246 shares in the last quarter. Van ECK Associates Corp bought a new stake in shares of THOR Industries during the third quarter valued at approximately $32,000. Brooklyn Investment Group acquired a new position in shares of THOR Industries in the third quarter valued at $38,000. Finally, Headlands Technologies LLC acquired a new position in shares of THOR Industries in the second quarter valued at $42,000. 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.