THOR Industries (NYSE:THO) Upgraded at StockNews.com

StockNews.com upgraded shares of THOR Industries (NYSE:THO) from a sell rating to a hold rating in a research note released on Saturday.

Several other equities analysts have also issued reports on THO. Bank of America initiated coverage on THOR Industries in a research note on Friday, December 13th. They set a “neutral” rating and a $120.00 price target on the stock. Benchmark reissued a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. DA Davidson reaffirmed a “neutral” rating and issued a $95.00 target price on shares of THOR Industries in a research note on Monday, September 30th. Finally, Truist Financial dropped their price target on shares of THOR Industries from $105.00 to $98.00 and set a “hold” rating for the company in a research note on Tuesday, January 7th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $111.17.

THOR Industries Stock Performance

THO stock opened at $104.14 on Friday. The company has a 50 day moving average price of $102.10 and a 200 day moving average price of $104.08. THOR Industries has a fifty-two week low of $88.37 and a fifty-two week high of $129.31. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78. The stock has a market capitalization of $5.54 billion, a PE ratio of 26.63, a price-to-earnings-growth ratio of 1.19 and a beta of 1.68.

THOR Industries Dividend Announcement

The company 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. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.92%. THOR Industries’s dividend payout ratio is 51.15%.

Institutional Trading of THOR Industries

A number of large investors have recently made changes to their positions in THO. Choreo LLC grew its stake in THOR Industries by 14.7% in the fourth quarter. Choreo LLC now owns 356,662 shares of the construction company’s stock valued at $34,092,000 after acquiring an additional 45,648 shares during the period. Old North State Wealth Management LLC boosted its holdings in shares of THOR Industries by 3.7% in the fourth quarter. Old North State Wealth Management LLC now owns 10,907 shares of the construction company’s stock valued at $1,045,000 after buying an additional 393 shares during the period. Sylvest Advisors LLC acquired a new stake in shares of THOR Industries during the fourth quarter worth $448,000. Institute for Wealth Management LLC. lifted its holdings in shares of THOR Industries by 7.1% in the fourth quarter. Institute for Wealth Management LLC. now owns 3,857 shares of the construction company’s stock valued at $369,000 after purchasing an additional 255 shares in the last quarter. Finally, Perigon Wealth Management LLC grew its holdings in shares of THOR Industries by 8.4% during the fourth quarter. Perigon Wealth Management LLC now owns 3,266 shares of the construction company’s stock worth $340,000 after buying an additional 253 shares in the last quarter. Institutional investors 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.