THOR Industries, Inc. (NYSE:THO) Receives $111.17 Average PT from Analysts

THOR Industries, Inc. (NYSE:THO) has been assigned an average recommendation of “Hold” from the seven brokerages that are currently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $111.17.

Several research analysts recently weighed in on the stock. Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a 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. DA Davidson restated a “neutral” rating and issued a $95.00 target price on shares of THOR Industries in a report on Monday, September 30th. BMO Capital Markets restated an “outperform” rating and set a $120.00 price objective on shares of THOR Industries in a report on Thursday, September 19th. Finally, Bank of America started coverage on shares of THOR Industries in a research report on Friday, December 13th. They set a “neutral” rating and a $120.00 target price on the stock.

THOR Industries Stock Up 4.2 %

Shares of THOR Industries stock opened at $100.88 on Monday. 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 has a twelve month low of $88.37 and a twelve month high of $129.31. The company has a market cap of $5.37 billion, a price-to-earnings ratio of 25.80 and a beta of 1.68. The company’s 50 day moving average is $103.53 and its 200 day moving average is $103.49.

THOR Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Monday, January 6th will be issued a dividend of $0.50 per share. The ex-dividend date is Monday, January 6th. This represents a $2.00 annualized dividend and a dividend yield of 1.98%. THOR Industries’s dividend payout ratio is presently 51.15%.

Institutional Investors Weigh In On THOR Industries

Institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. increased its stake in shares of THOR Industries by 37.7% during the third quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock worth $165,078,000 after buying an additional 411,466 shares during the period. Natixis Advisors LLC increased its holdings in shares of THOR Industries by 51.3% in the third 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 period. Dimensional Fund Advisors LP lifted its stake in shares of THOR Industries by 6.9% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,901,024 shares of the construction company’s stock worth $271,097,000 after acquiring an additional 187,019 shares during the period. State Street Corp lifted its holdings 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 buying an additional 33,619 shares during the period. Finally, Envestnet Asset Management Inc. grew its stake in shares of THOR Industries by 0.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 639,378 shares of the construction company’s stock worth $59,750,000 after purchasing an additional 5,761 shares during the period. 96.71% of the stock is currently owned by institutional investors and hedge funds.

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.