Analysts Set THOR Industries, Inc. (NYSE:THO) Price Target at $111.17

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

A number of brokerages have weighed in on THO. Benchmark reiterated a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. Bank of America began coverage on shares of THOR Industries in a report on Friday, December 13th. They issued a “neutral” rating and a $120.00 price objective for the company. StockNews.com raised shares of THOR Industries from a “sell” rating to a “hold” rating in a report on Monday. Finally, Truist Financial cut their price target on THOR Industries from $105.00 to $98.00 and set a “hold” rating for the company in a report on Tuesday, January 7th.

Institutional Investors Weigh In On THOR Industries

A number of large investors have recently added to or reduced their stakes in the company. UMB Bank n.a. grew its holdings in shares of THOR Industries by 2,050.0% during the 3rd quarter. UMB Bank n.a. now owns 258 shares of the construction company’s stock valued at $28,000 after purchasing an additional 246 shares during the last quarter. Van ECK Associates Corp bought a new stake in THOR Industries during the 3rd quarter valued at approximately $32,000. First Horizon Advisors Inc. lifted its position in THOR Industries by 57.3% during the 4th quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock valued at $32,000 after acquiring an additional 121 shares during the period. Brooklyn Investment Group bought a new stake in THOR Industries during the third quarter worth about $38,000. Finally, Stonebridge Financial Group LLC purchased a new stake in THOR Industries in the fourth quarter worth about $51,000. Hedge funds and other institutional investors own 96.71% of the company’s stock.

THOR Industries Stock Down 1.6 %

Shares of NYSE THO opened at $99.33 on Friday. 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 $5.29 billion, a PE ratio of 25.40, a P/E/G ratio of 1.17 and a beta of 1.69. THOR Industries has a one year low of $88.37 and a one year high of $129.31. The business’s fifty day moving average price is $100.42 and its 200-day moving average price is $104.23.

THOR Industries Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, January 6th were given a dividend of $0.50 per share. The ex-dividend date was Monday, January 6th. This represents a $2.00 annualized dividend and a yield of 2.01%. THOR Industries’s payout ratio is presently 51.15%.

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.