THOR Industries, Inc. (NYSE:THO) Given Average Rating of "Hold" by Brokerages

Shares of THOR Industries, Inc. (NYSE:THO - Get Free Report) have earned an average recommendation of "Hold" from the seven ratings firms that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $111.17.

THO has been the subject of several analyst reports. Bank of America assumed coverage on shares of THOR Industries in a report on Friday, December 13th. They set a "neutral" rating and a $120.00 price target for the company. Benchmark reiterated a "hold" rating on shares of THOR Industries in a research report on Tuesday, December 3rd. Truist Financial dropped their price target on THOR Industries from $105.00 to $98.00 and set a "hold" rating for the company in a research report on Tuesday, January 7th. BMO Capital Markets reaffirmed an "outperform" rating and issued a $120.00 target price on shares of THOR Industries in a research report on Thursday, September 19th. Finally, Citigroup boosted their target price on shares of THOR Industries from $119.00 to $124.00 and gave the stock a "buy" rating in a research report on Thursday, September 26th.

Insider Transactions at THOR Industries

In other THOR Industries news, VP Colleen A. Zuhl sold 4,354 shares of the business's stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $115.00, for a total value of $500,710.00. Following the transaction, the vice president now directly owns 131,905 shares of the company's stock, valued at approximately $15,169,075. The trade was a 3.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 4.50% of the company's stock.

Institutional Investors Weigh In On THOR Industries

Several large investors have recently added to or reduced their stakes in THO. JPMorgan Chase & Co. boosted its position 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 worth $165,078,000 after purchasing an additional 411,466 shares in the last quarter. Pacer Advisors Inc. raised its stake in THOR Industries by 35.1% in the 2nd quarter. Pacer Advisors Inc. now owns 1,140,363 shares of the construction company's stock valued at $106,567,000 after purchasing an additional 296,583 shares during the last quarter. Dimensional Fund Advisors LP grew its stake 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 valued at $271,097,000 after acquiring an additional 187,019 shares in the last quarter. Natixis Advisors LLC increased its holdings in shares of THOR Industries by 51.3% during the 3rd quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company's stock worth $55,486,000 after buying an additional 171,244 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of THOR Industries by 46.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 501,479 shares of the construction company's stock valued at $55,108,000 after buying an additional 159,022 shares in the last quarter. Institutional investors own 96.71% of the company's stock.

THOR Industries Stock Performance

Shares of NYSE THO traded up $2.12 during midday trading on Monday, reaching $95.44. 588,750 shares of the company were exchanged, compared to its average volume of 483,264. The stock has a fifty day simple moving average of $103.77 and a 200 day simple moving average of $103.47. 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 cap of $5.08 billion, a P/E ratio of 24.41 and a beta of 1.68. THOR Industries has a 1 year low of $88.37 and a 1 year high of $129.31.

THOR Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Shareholders of record on Monday, January 6th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, January 6th. This represents a $2.00 annualized dividend and a yield of 2.10%. THOR Industries's dividend payout ratio is 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.