THOR Industries (NYSE:THO) Upgraded by StockNews.com to Hold Rating

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

A number of other equities analysts also recently commented on THO. Benchmark reiterated a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. Truist Financial increased their target price on THOR Industries from $98.00 to $110.00 and gave the stock a “hold” rating in a report on Monday, February 10th. Finally, Bank of America assumed coverage on THOR Industries in a report on Friday, December 13th. They issued a “neutral” rating and a $120.00 price target for the company. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $113.17.

THOR Industries Price Performance

Shares of THO stock opened at $98.30 on Thursday. The firm has a fifty day moving average of $99.72 and a two-hundred day moving average of $104.19. The firm has a market cap of $5.23 billion, a P/E ratio of 25.14, a P/E/G ratio of 1.16 and a beta of 1.69. THOR Industries has a 1-year low of $88.37 and a 1-year high of $129.31. 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 Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, January 6th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date was Monday, January 6th. THOR Industries’s payout ratio is 51.15%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Atala Financial Inc acquired a new stake in THOR Industries in the fourth quarter worth $27,000. Van ECK Associates Corp bought a new position in shares of THOR Industries during the third quarter worth about $32,000. First Horizon Advisors Inc. increased its holdings in shares of THOR Industries by 57.3% in the 4th quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock worth $32,000 after acquiring an additional 121 shares during the period. Brooklyn Investment Group acquired a new stake in shares of THOR Industries in the 3rd quarter worth about $38,000. Finally, Brown Brothers Harriman & Co. lifted its position in THOR Industries by 369.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 418 shares of the construction company’s stock valued at $40,000 after purchasing an additional 329 shares during the last quarter. Institutional investors and hedge funds own 96.71% 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.