THOR Industries (NYSE:THO) Upgraded by StockNews.com to Hold Rating

StockNews.com upgraded shares of THOR Industries (NYSE:THO - Free Report) from a sell rating to a hold rating in a research report sent to investors on Monday morning.

THO has been the topic of several other research reports. Truist Financial cut their price target on THOR Industries from $105.00 to $98.00 and set a "hold" rating on the stock in a research report on Tuesday, January 7th. Bank of America assumed coverage on THOR Industries in a research report on Friday, December 13th. They set a "neutral" rating and a $120.00 price target on the stock. Finally, Benchmark reaffirmed a "hold" rating on shares of THOR Industries in a research report on Tuesday, December 3rd. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $113.17.

THOR Industries Stock Up 0.9 %

Shares of NYSE THO traded up $0.96 during midday trading on Monday, hitting $102.64. 385,091 shares of the company's stock were exchanged, compared to its average volume of 593,300. The company has a market cap of $5.46 billion, a PE ratio of 26.25, a P/E/G ratio of 1.17 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 firm's fifty day simple moving average is $100.02 and its 200-day simple moving average is $104.19. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, January 6th were paid a $0.50 dividend. 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 1.95%. THOR Industries's dividend payout ratio (DPR) is presently 51.15%.

Institutional Trading of THOR Industries

A number of institutional investors have recently modified their holdings of THO. GAMMA Investing LLC boosted its stake in shares of THOR Industries by 34.7% in the third quarter. GAMMA Investing LLC now owns 780 shares of the construction company's stock valued at $86,000 after buying an additional 201 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of THOR Industries by 2,050.0% in the third quarter. UMB Bank n.a. now owns 258 shares of the construction company's stock valued at $28,000 after buying an additional 246 shares in the last quarter. Novare Capital Management LLC boosted its position in THOR Industries by 1.0% during the third quarter. Novare Capital Management LLC now owns 100,632 shares of the construction company's stock worth $11,058,000 after purchasing an additional 1,044 shares in the last quarter. Creative Planning boosted its position in THOR Industries by 12.9% during the third quarter. Creative Planning now owns 11,012 shares of the construction company's stock worth $1,210,000 after purchasing an additional 1,254 shares in the last quarter. Finally, nVerses Capital LLC boosted its position in THOR Industries by 20.7% during the third quarter. nVerses Capital LLC now owns 3,500 shares of the construction company's stock worth $385,000 after purchasing an additional 600 shares in the last quarter. 96.71% of the stock is currently owned by hedge funds and other institutional investors.

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.