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 report report published on Monday morning.

Several other equities research analysts have also issued reports on THO. Benchmark reiterated a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. Bank of America assumed coverage on THOR Industries in a report on Friday, December 13th. They set a “neutral” rating and a $120.00 price target for the company. Finally, Truist Financial reduced their price target on THOR Industries from $105.00 to $98.00 and set a “hold” rating for the company in a report on Tuesday, January 7th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, THOR Industries presently has a consensus rating of “Hold” and a consensus price target of $113.17.

THOR Industries Trading Down 1.4 %

NYSE:THO opened at $101.56 on Monday. 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 fifty-two week low of $88.37 and a fifty-two week high of $129.31. The stock’s 50-day moving average is $100.04 and its two-hundred day moving average is $104.20. The stock has a market cap of $5.41 billion, a PE ratio of 25.97, a price-to-earnings-growth ratio of 1.17 and a beta of 1.69.

THOR Industries Announces Dividend

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

Hedge Funds Weigh In On THOR Industries

A number of institutional investors and hedge funds have recently bought and sold shares of the business. UMB Bank n.a. lifted its stake 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 acquiring an additional 246 shares during the period. Atala Financial Inc acquired a new position in THOR Industries in the fourth quarter valued at about $27,000. Van ECK Associates Corp acquired a new position in THOR Industries in the third quarter valued at about $32,000. First Horizon Advisors Inc. lifted its stake in THOR Industries by 57.3% in the fourth quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock valued at $32,000 after buying an additional 121 shares during the period. Finally, Brooklyn Investment Group acquired a new position in THOR Industries in the third quarter valued at about $38,000. 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.