THOR Industries (NYSE:THO) Lowered to “Sell” Rating by StockNews.com

StockNews.com lowered shares of THOR Industries (NYSE:THO) from a hold rating to a sell rating in a research note issued to investors on Friday.

THO has been the subject of a number of other research reports. Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. DA Davidson reiterated a “neutral” rating and issued a $95.00 price target on shares of THOR Industries in a research note on Monday, September 30th. Citigroup increased their price target on shares of THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. BMO Capital Markets reiterated an “outperform” rating and issued a $120.00 price target on shares of THOR Industries in a research note on Thursday, September 19th. Finally, Bank of America began coverage on shares of THOR Industries in a research note on Friday, December 13th. They issued a “neutral” rating and a $120.00 price target for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $111.17.

THOR Industries Stock Down 1.9 %

THOR Industries stock opened at $101.97 on Friday. The company has a market cap of $5.43 billion, a P/E ratio of 26.08, a price-to-earnings-growth ratio of 1.08 and a beta of 1.68. THOR Industries has a 1-year low of $88.37 and a 1-year high of $129.31. The company has a fifty day simple moving average of $103.09 and a 200 day simple moving average of $103.54. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, January 6th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend was Monday, January 6th. THOR Industries’s dividend payout ratio is presently 51.15%.

Institutional Trading of THOR Industries

A number of hedge funds have recently modified their holdings of the stock. Inspire Investing LLC lifted its stake in shares of THOR Industries by 9.2% during the 4th quarter. Inspire Investing LLC now owns 4,625 shares of the construction company’s stock worth $443,000 after buying an additional 388 shares during the last quarter. Salvus Wealth Management LLC lifted its stake in shares of THOR Industries by 19.4% during the 4th quarter. Salvus Wealth Management LLC now owns 42,168 shares of the construction company’s stock worth $4,036,000 after buying an additional 6,838 shares during the last quarter. Fifth Third Wealth Advisors LLC lifted its stake in shares of THOR Industries by 30.9% during the 4th quarter. Fifth Third Wealth Advisors LLC now owns 2,421 shares of the construction company’s stock worth $232,000 after buying an additional 571 shares during the last quarter. Accurate Wealth Management LLC lifted its stake in shares of THOR Industries by 9.9% during the 4th quarter. Accurate Wealth Management LLC now owns 5,182 shares of the construction company’s stock worth $484,000 after buying an additional 465 shares during the last quarter. Finally, Reinhart Partners LLC. increased its position in THOR Industries by 12.8% during the fourth quarter. Reinhart Partners LLC. now owns 360,142 shares of the construction company’s stock worth $34,469,000 after acquiring an additional 40,868 shares during the period. Institutional investors and hedge funds own 96.71% of the company’s stock.

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.