THOR Industries, Inc. (NYSE:THO) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of THOR Industries, Inc. (NYSE:THO) have earned a consensus rating of “Hold” from the seven brokerages that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $111.17.

A number of brokerages recently issued reports on THO. DA Davidson reiterated a “neutral” rating and issued a $95.00 price target on shares of THOR Industries in a report on Monday, September 30th. Citigroup upped their target price on THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Bank of America began coverage on THOR Industries in a research note on Friday, December 13th. They set a “neutral” rating and a $120.00 price target on the stock. StockNews.com lowered shares of THOR Industries from a “hold” rating to a “sell” rating in a research note on Friday. Finally, Truist Financial reduced their price target on shares of THOR Industries from $105.00 to $98.00 and set a “hold” rating for the company in a report on Tuesday, January 7th.

THOR Industries Trading Down 1.9 %

Shares of THO opened at $101.97 on Monday. The firm has a market capitalization of $5.43 billion, a price-to-earnings ratio of 26.08, a PEG ratio of 1.08 and a beta of 1.68. 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. The company has a 50-day moving average of $103.09 and a 200 day moving average of $103.69.

THOR Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, January 6th were paid a $0.50 dividend. The ex-dividend date was Monday, January 6th. This represents a $2.00 annualized dividend and a yield of 1.96%. THOR Industries’s dividend payout ratio (DPR) is 51.15%.

Institutional Investors Weigh In On THOR Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in THO. Quarry LP purchased a new stake in THOR Industries during the 2nd quarter worth approximately $28,000. UMB Bank n.a. grew its holdings in shares of THOR Industries by 2,050.0% during the third quarter. UMB Bank n.a. now owns 258 shares of the construction company’s stock valued at $28,000 after buying an additional 246 shares during the last quarter. Van ECK Associates Corp acquired a new position in shares of THOR Industries in the 3rd quarter valued at $32,000. Brooklyn Investment Group purchased a new position in THOR Industries in the 3rd quarter worth $38,000. Finally, Headlands Technologies LLC acquired a new stake in THOR Industries during the 2nd quarter worth about $42,000. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

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.