THOR Industries (NYSE:THO) Cut to Sell at StockNews.com

StockNews.com downgraded shares of THOR Industries (NYSE:THO) from a hold rating to a sell rating in a research note issued to investors on Sunday.

A number of other brokerages have also weighed in on THO. Bank of America began coverage on shares of THOR Industries in a research note on Friday, December 13th. They issued a “neutral” rating and a $120.00 price target for the company. Truist Financial decreased their price target on THOR Industries from $105.00 to $98.00 and set a “hold” rating for the company in a research note on Tuesday, January 7th. Finally, Benchmark restated a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, THOR Industries currently has an average rating of “Hold” and an average target price of $111.17.

THOR Industries Trading Up 1.5 %

NYSE:THO opened at $101.75 on Friday. The stock has a market cap of $5.41 billion, a price-to-earnings ratio of 26.02, a PEG ratio of 1.20 and a beta of 1.69. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71. THOR Industries has a 1 year low of $88.37 and a 1 year high of $129.31. The business has a fifty day moving average of $101.04 and a 200-day moving average of $104.18.

THOR Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, January 6th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend was Monday, January 6th. THOR Industries’s dividend payout ratio (DPR) is currently 51.15%.

Institutional Trading of THOR Industries

Several large investors have recently added to or reduced their stakes in the company. Algert Global LLC purchased a new position in shares of THOR Industries during the 2nd quarter valued at $477,000. Quarry LP purchased a new position in THOR Industries in the second quarter valued at about $28,000. Sanctuary Advisors LLC acquired a new position in THOR Industries in the 2nd quarter worth about $2,118,000. SG Americas Securities LLC raised its stake in shares of THOR Industries by 59.0% during the 3rd quarter. SG Americas Securities LLC now owns 8,443 shares of the construction company’s stock worth $928,000 after purchasing an additional 3,133 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of THOR Industries by 34.7% during the 3rd quarter. GAMMA Investing LLC now owns 780 shares of the construction company’s stock worth $86,000 after purchasing an additional 201 shares in the last quarter. 96.71% of the stock is owned by institutional investors and hedge funds.

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.