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

StockNews.com cut shares of THOR Industries (NYSE:THO - Free Report) from a hold rating to a sell rating in a report issued on Wednesday.

A number of other equities analysts have also recently issued reports on the stock. Truist Financial upped 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. Bank of America started coverage on shares of THOR Industries in a research report on Friday, December 13th. They issued a "neutral" rating and a $120.00 price target for the company. Finally, Benchmark restated a "hold" rating on shares of THOR Industries in a research report on Tuesday, December 3rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, THOR Industries presently has a consensus rating of "Hold" and a consensus target price of $113.17.

THOR Industries Price Performance

THO stock traded down $1.47 during trading on Wednesday, reaching $99.06. 561,286 shares of the company were exchanged, compared to its average volume of 581,411. The company has a 50-day moving average of $99.71 and a two-hundred day moving average of $104.16. The company has a market capitalization of $5.27 billion, a price-to-earnings ratio of 25.34, a P/E/G ratio of 1.18 and a beta of 1.69. THOR Industries has a twelve month low of $88.37 and a twelve month 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.

THOR Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, January 6th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date was Monday, January 6th. THOR Industries's dividend payout ratio is currently 51.15%.

Institutional Investors Weigh In On THOR Industries

Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. boosted its stake 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 valued at $165,078,000 after purchasing an additional 411,466 shares during the last quarter. Natixis Advisors LLC boosted its stake in shares of THOR Industries by 51.3% in the 3rd quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company's stock valued at $55,486,000 after purchasing an additional 171,244 shares during the last quarter. State Street Corp boosted its stake in shares of THOR Industries by 2.1% in the 3rd quarter. State Street Corp now owns 1,624,002 shares of the construction company's stock valued at $178,462,000 after purchasing an additional 33,619 shares during the last quarter. Radnor Capital Management LLC bought a new stake in shares of THOR Industries in the 3rd quarter valued at $631,000. Finally, Consolidated Planning Corp bought a new stake in shares of THOR Industries in the 3rd quarter valued at $620,000. 96.71% of the stock is owned by institutional investors.

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.