THOR Industries, Inc. (NYSE:THO) Receives $111.17 Average Target Price from Analysts

THOR Industries, Inc. (NYSE:THO) has been given an average recommendation of “Hold” by the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $111.17.

Several analysts recently issued reports on the stock. StockNews.com raised shares of THOR Industries from a “sell” rating to a “hold” rating in a report on Saturday, January 4th. Truist Financial decreased their target price on shares of THOR Industries from $105.00 to $98.00 and set a “hold” rating for the company in a research report on Tuesday, January 7th. Bank of America started coverage on shares of THOR Industries in a research report on Friday, December 13th. They issued a “neutral” rating and a $120.00 price target on the stock. BMO Capital Markets restated an “outperform” rating and issued a $120.00 target price on shares of THOR Industries in a report on Thursday, September 19th. Finally, Citigroup raised their price objective on shares of THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a research note on Thursday, September 26th.

Hedge Funds Weigh In On THOR Industries

Several large investors have recently added to or reduced their stakes in the company. Kayne Anderson Rudnick Investment Management LLC grew its holdings in shares of THOR Industries by 0.4% in the 2nd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,356,769 shares of the construction company’s stock worth $500,590,000 after purchasing an additional 21,841 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in THOR Industries by 6.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,901,024 shares of the construction company’s stock worth $271,097,000 after purchasing an additional 187,019 shares during the last quarter. State Street Corp grew its holdings in THOR Industries by 2.1% during the 3rd quarter. State Street Corp now owns 1,624,002 shares of the construction company’s stock worth $178,462,000 after acquiring an additional 33,619 shares during the period. JPMorgan Chase & Co. increased 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 during the last quarter. Finally, Pacer Advisors Inc. grew its stake in THOR Industries by 2.8% in the third quarter. Pacer Advisors Inc. now owns 1,171,779 shares of the construction company’s stock valued at $128,767,000 after acquiring an additional 31,416 shares during the period. Institutional investors and hedge funds own 96.71% of the company’s stock.

THOR Industries Stock Up 4.2 %

Shares of NYSE THO opened at $100.88 on Monday. The stock has a fifty day moving average price of $103.53 and a 200 day moving average price of $103.49. The company has a market cap of $5.37 billion, a P/E ratio of 25.80 and a beta of 1.68. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26. THOR Industries has a 12-month low of $88.37 and a 12-month high of $129.31.

THOR Industries Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Monday, January 6th will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, January 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.98%. THOR Industries’s dividend payout ratio (DPR) is presently 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.