THOR Industries, Inc. (NYSE:THO) Given Consensus Rating of “Hold” by Brokerages

THOR Industries, Inc. (NYSE:THO) has been given a consensus rating of “Hold” by the seven research firms that are currently covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $113.17.

Several equities research analysts recently weighed in on the stock. StockNews.com upgraded shares of THOR Industries from a “sell” rating to a “hold” rating in a research note on Monday. Truist Financial upped their price target on THOR Industries from $98.00 to $110.00 and gave the company a “hold” rating in a report on Monday. Bank of America initiated coverage on THOR Industries in a report on Friday, December 13th. They set a “neutral” rating and a $120.00 price objective on the stock. Finally, Benchmark restated a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd.

Institutional Investors Weigh In On THOR Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Jump Financial LLC lifted its stake in THOR Industries by 75.5% in the 4th quarter. Jump Financial LLC now owns 15,636 shares of the construction company’s stock valued at $1,497,000 after acquiring an additional 6,725 shares in the last quarter. Guggenheim Capital LLC raised its holdings in shares of THOR Industries by 20.2% in the fourth quarter. Guggenheim Capital LLC now owns 2,963 shares of the construction company’s stock valued at $284,000 after purchasing an additional 498 shares during the last quarter. Mariner LLC lifted its position in shares of THOR Industries by 2.2% in the fourth quarter. Mariner LLC now owns 64,402 shares of the construction company’s stock worth $6,164,000 after purchasing an additional 1,401 shares in the last quarter. Timucuan Asset Management Inc. FL boosted its holdings in THOR Industries by 16.2% during the fourth quarter. Timucuan Asset Management Inc. FL now owns 2,038,765 shares of the construction company’s stock worth $195,130,000 after purchasing an additional 283,744 shares during the last quarter. Finally, Sterling Capital Management LLC grew its position in THOR Industries by 55.4% in the fourth quarter. Sterling Capital Management LLC now owns 3,014 shares of the construction company’s stock valued at $288,000 after purchasing an additional 1,075 shares in the last quarter. 96.71% of the stock is currently owned by institutional investors and hedge funds.

THOR Industries Price Performance

NYSE:THO opened at $102.64 on Friday. 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 one year low of $88.37 and a one year high of $129.31. The company has a fifty day moving average price of $100.02 and a 200 day moving average price of $104.19. The stock has a market cap of $5.46 billion, a P/E ratio of 26.25, a PEG ratio of 1.17 and a beta of 1.69.

THOR Industries Announces Dividend

The firm 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 1.95%. The ex-dividend date of this dividend was Monday, January 6th. THOR Industries’s dividend payout ratio is currently 51.15%.

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.