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 issued to investors on Saturday morning.

THO has been the subject of a number of other reports. Bank of America started coverage on shares of THOR Industries in a research report on Friday, December 13th. They set a “neutral” rating and a $120.00 price target for the company. Truist Financial decreased their target price on THOR Industries from $105.00 to $98.00 and set a “hold” rating for the company in a research report on Tuesday, January 7th. DA Davidson reiterated a “neutral” rating and set a $95.00 target price on shares of THOR Industries in a report on Monday, September 30th. Finally, Benchmark restated a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, THOR Industries currently has an average rating of “Hold” and an average price target of $111.17.

THOR Industries Trading Down 1.8 %

Shares of THO stock opened at $100.24 on Friday. 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 has a fifty-two week low of $88.37 and a fifty-two week high of $129.31. The firm’s 50 day moving average price is $102.22 and its two-hundred day moving average price is $103.95. The stock has a market cap of $5.33 billion, a price-to-earnings ratio of 25.64, a price-to-earnings-growth ratio of 1.19 and a beta of 1.68.

THOR Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, January 6th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.00 annualized dividend and a yield of 2.00%. THOR Industries’s dividend payout ratio is presently 51.15%.

Institutional Trading of THOR Industries

Hedge funds have recently made changes to their positions in the stock. Quarry LP bought a new position in THOR Industries during the 2nd quarter valued at $28,000. UMB Bank n.a. lifted its position 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 worth $28,000 after purchasing an additional 246 shares during the last quarter. Van ECK Associates Corp acquired a new position in THOR Industries in the third quarter worth about $32,000. Brooklyn Investment Group bought a new stake in THOR Industries in the third quarter valued at about $38,000. Finally, Anchor Investment Management LLC acquired a new stake in THOR Industries during the third quarter valued at approximately $58,000. Institutional investors and hedge funds 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.