Brokerages Set THOR Industries, Inc. (NYSE:THO) PT at $111.17

Shares of THOR Industries, Inc. (NYSE:THO - Get Free Report) have earned an average recommendation of "Hold" from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $113.17.

A number of equities analysts have commented on the stock. Benchmark reissued a "hold" rating on shares of THOR Industries in a research note on Tuesday, December 3rd. Truist Financial boosted their price target on shares of THOR Industries from $98.00 to $110.00 and gave the stock a "hold" rating in a research note on Monday. Bank of America assumed 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. Finally, StockNews.com raised shares of THOR Industries from a "sell" rating to a "hold" rating in a research note on Monday.

Hedge Funds Weigh In On THOR Industries

Several institutional investors have recently made changes to their positions in THO. Atala Financial Inc bought a new stake in THOR Industries during the 4th quarter worth approximately $27,000. UMB Bank n.a. boosted its stake in THOR Industries by 2,050.0% during the third quarter. UMB Bank n.a. now owns 258 shares of the construction company's stock worth $28,000 after buying an additional 246 shares during the period. Van ECK Associates Corp purchased a new position in THOR Industries during the third quarter worth $32,000. First Horizon Advisors Inc. lifted its position in shares of THOR Industries by 57.3% during the fourth quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company's stock worth $32,000 after purchasing an additional 121 shares during the last quarter. Finally, Brooklyn Investment Group bought a new stake in shares of THOR Industries during the third quarter worth $38,000. Institutional investors own 96.71% of the company's stock.

THOR Industries Price Performance

NYSE:THO traded up $2.06 during mid-day trading on Friday, hitting $101.45. 285,886 shares of the stock traded hands, compared to its average volume of 591,810. The business's 50-day moving average price is $100.42 and its 200 day moving average price is $104.23. The company has a market cap of $5.40 billion, a PE ratio of 25.97, a price-to-earnings-growth ratio of 1.17 and a beta of 1.69. THOR Industries has a 12-month low of $88.37 and a 12-month high of $129.31. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26.

THOR Industries Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders 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 dividend yield of 1.97%. The ex-dividend date of this dividend was Monday, January 6th. THOR Industries's payout ratio is presently 51.15%.

THOR Industries Company Profile

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.