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 report issued on Thursday.

Other equities analysts have also recently issued research reports about the stock. Truist Financial raised their target price on shares of THOR Industries from $98.00 to $110.00 and gave the company a “hold” rating in a research note on Monday, February 10th. Benchmark reiterated a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. Finally, Bank of America began coverage on THOR Industries in a research report on Friday, December 13th. They issued a “neutral” rating and a $120.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $113.17.

THOR Industries Price Performance

Shares of THO opened at $98.30 on Thursday. THOR Industries has a one year low of $88.37 and a one year high of $129.31. The stock’s fifty day moving average is $99.72 and its 200-day moving average is $104.19. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71. The firm has a market capitalization of $5.23 billion, a price-to-earnings ratio of 25.14, a price-to-earnings-growth ratio of 1.16 and a beta of 1.69.

THOR Industries Dividend Announcement

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

Institutional Investors Weigh In On THOR Industries

Several large investors have recently modified their holdings of the stock. Madison Investment Advisors LLC purchased a new stake in shares of THOR Industries in the fourth quarter worth approximately $95,688,000. ACR Alpine Capital Research LLC increased its position in THOR Industries by 40.6% during the fourth quarter. ACR Alpine Capital Research LLC now owns 2,142,966 shares of the construction company’s stock worth $205,103,000 after buying an additional 619,318 shares during the last quarter. Norges Bank bought a new stake in shares of THOR Industries during the 4th quarter worth about $54,754,000. Raymond James Financial Inc. acquired a new position in shares of THOR Industries during the 4th quarter valued at about $52,497,000. Finally, JPMorgan Chase & Co. raised its stake in shares of THOR Industries by 37.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock valued at $165,078,000 after acquiring an additional 411,466 shares in the last quarter. 96.71% of the stock is owned by institutional investors.

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.