THOR Industries (NYSE:THO) Cut to “Sell” at StockNews.com

StockNews.com cut shares of THOR Industries (NYSE:THO) from a hold rating to a sell rating in a research note published on Friday.

Other equities research analysts have also recently issued research reports about the company. DA Davidson restated a “neutral” rating and set a $95.00 price objective on shares of THOR Industries in a report on Monday, September 30th. Citigroup upped their price objective on shares of THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Truist Financial decreased their target price on shares of 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 initiated coverage on shares of THOR Industries in a research report on Friday, December 13th. They set a “neutral” rating and a $120.00 price target for the company. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $120.00 price target on shares of THOR Industries in a report on Thursday, September 19th. 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 stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $111.17.

THOR Industries Price Performance

THOR Industries stock opened at $101.97 on Friday. The firm’s 50-day moving average is $103.09 and its two-hundred day moving average is $103.69. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78. The stock has a market capitalization of $5.43 billion, a P/E ratio of 26.08, a P/E/G ratio of 1.08 and a beta of 1.68. THOR Industries has a 12-month low of $88.37 and a 12-month high of $129.31.

THOR Industries Announces Dividend

The firm also recently announced 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 1.96%. The ex-dividend date was Monday, January 6th. THOR Industries’s dividend payout ratio is presently 51.15%.

Institutional Trading of THOR Industries

Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. lifted 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 purchasing an additional 411,466 shares in the last quarter. Natixis Advisors LLC raised 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 valued at $55,486,000 after buying an additional 171,244 shares during the period. State Street Corp lifted its position in THOR Industries by 2.1% during the 3rd quarter. State Street Corp now owns 1,624,002 shares of the construction company’s stock worth $178,462,000 after acquiring an additional 33,619 shares in the last quarter. Jade Capital Advisors LLC purchased a new position in THOR Industries in the 3rd quarter worth approximately $4,121,000. Finally, Radnor Capital Management LLC acquired a new stake in THOR Industries in the third quarter valued at approximately $631,000. 96.71% of the stock is 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.