THOR Industries (NYSE:THO) Upgraded at Bank of America

Bank of America upgraded shares of THOR Industries (NYSE:THO) from a neutral rating to a buy rating in a research report report published on Monday, Marketbeat reports. They currently have $125.00 price target on the construction company’s stock, up from their previous price target of $110.00.

Several other research analysts have also recently weighed in on the stock. Truist Financial boosted their price objective on shares of THOR Industries from $98.00 to $110.00 and gave the stock a “hold” rating in a research report on Monday, February 10th. Benchmark restated a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. Finally, StockNews.com upgraded shares of THOR Industries from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, THOR Industries has an average rating of “Moderate Buy” and an average price target of $114.00.

THOR Industries Stock Performance

NYSE:THO opened at $81.47 on Monday. THOR Industries has a 1 year low of $78.88 and a 1 year high of $118.85. The firm has a 50 day moving average of $99.81 and a 200-day moving average of $104.20. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $4.34 billion, a P/E ratio of 20.84, a price-to-earnings-growth ratio of 1.16 and a beta of 1.69.

THOR Industries (NYSE:THO) last posted its earnings results on Wednesday, March 5th. The construction company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. The firm had revenue of $2.02 billion during the quarter, compared to the consensus estimate of $1.98 billion. During the same quarter last year, the firm posted $0.13 EPS. The business’s revenue was down 8.6% on a year-over-year basis. As a group, sell-side analysts anticipate that THOR Industries will post 4.64 EPS for the current fiscal year.

THOR Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, January 6th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.45%. 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

Institutional investors have recently bought and sold shares of the business. Venturi Wealth Management LLC lifted its position in THOR Industries by 1.7% during the 4th quarter. Venturi Wealth Management LLC now owns 6,312 shares of the construction company’s stock worth $604,000 after buying an additional 108 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in THOR Industries by 0.7% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 15,971 shares of the construction company’s stock worth $1,529,000 after buying an additional 112 shares in the last quarter. Sanctuary Advisors LLC lifted its position in THOR Industries by 0.5% during the 4th quarter. Sanctuary Advisors LLC now owns 21,614 shares of the construction company’s stock worth $2,278,000 after buying an additional 113 shares in the last quarter. Blue Trust Inc. raised its holdings in shares of THOR Industries by 22.1% in the 4th quarter. Blue Trust Inc. now owns 669 shares of the construction company’s stock valued at $64,000 after purchasing an additional 121 shares during the period. Finally, First Horizon Advisors Inc. raised its holdings in shares of THOR Industries by 57.3% in the 4th quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock valued at $32,000 after purchasing an additional 121 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.