Thor Industries’ (THO) Hold (C) Rating Reiterated at Weiss Ratings

Weiss Ratings reissued their hold (c) rating on shares of Thor Industries (NYSE:THO) in a research report sent to investors on Friday,Weiss Ratings reports.

A number of other equities analysts have also weighed in on THO. Robert W. Baird upped their price target on shares of Thor Industries from $90.00 to $110.00 and gave the stock a “neutral” rating in a research report on Thursday, September 25th. Citigroup dropped their price target on shares of Thor Industries from $122.00 to $117.00 and set a “neutral” rating for the company in a research report on Wednesday, October 8th. KeyCorp upgraded shares of Thor Industries from an “underweight” rating to a “sector weight” rating in a research report on Friday, August 1st. Zacks Research upgraded shares of Thor Industries from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 3rd. Finally, Bank of America upped their price target on shares of Thor Industries from $100.00 to $120.00 and gave the stock a “buy” rating in a research report on Wednesday, September 10th. Two research analysts have rated the stock with a Buy rating and eleven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $104.00.

Thor Industries Stock Performance

THO opened at $110.53 on Friday. The firm has a market cap of $5.82 billion, a P/E ratio of 26.51, a PEG ratio of 1.94 and a beta of 1.35. Thor Industries has a 1-year low of $63.15 and a 1-year high of $118.85. The company has a 50 day simple moving average of $106.60 and a two-hundred day simple moving average of $92.62. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 0.90.

Thor Industries Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, November 6th. Stockholders of record on Thursday, October 23rd will be issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 1.9%. This is a boost from Thor Industries’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend is Thursday, October 23rd. Thor Industries’s payout ratio is presently 49.88%.

Institutional Investors Weigh In On Thor Industries

A number of hedge funds have recently bought and sold shares of THO. Hantz Financial Services Inc. raised its stake in Thor Industries by 2,463.6% during the second quarter. Hantz Financial Services Inc. now owns 282 shares of the RV manufacturer’s stock valued at $25,000 after purchasing an additional 271 shares in the last quarter. Country Trust Bank raised its stake in Thor Industries by 50.0% during the second quarter. Country Trust Bank now owns 300 shares of the RV manufacturer’s stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Curio Wealth LLC raised its stake in Thor Industries by 33,300.0% during the second quarter. Curio Wealth LLC now owns 334 shares of the RV manufacturer’s stock valued at $30,000 after purchasing an additional 333 shares in the last quarter. MAI Capital Management raised its stake in Thor Industries by 174.8% during the second quarter. MAI Capital Management now owns 371 shares of the RV manufacturer’s stock valued at $33,000 after purchasing an additional 236 shares in the last quarter. Finally, Signaturefd LLC raised its stake in Thor Industries by 86.6% during the second quarter. Signaturefd LLC now owns 446 shares of the RV manufacturer’s stock valued at $40,000 after purchasing an additional 207 shares in the last quarter. Hedge funds and other institutional investors 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.