THOR Industries (NYSE:THO) Upgraded at StockNews.com

StockNews.com upgraded shares of THOR Industries (NYSE:THO) from a sell rating to a hold rating in a report issued on Monday morning.

Other research analysts also recently issued reports about the company. Truist Financial decreased their price objective on THOR Industries from $105.00 to $98.00 and set a “hold” rating for the company in a report on Tuesday, January 7th. Benchmark reiterated a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. Finally, Bank of America initiated coverage on THOR Industries in a report on Friday, December 13th. They set a “neutral” rating and a $120.00 price objective for the company. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, THOR Industries presently has a consensus rating of “Hold” and an average price target of $113.17.

THOR Industries Stock Down 1.4 %

NYSE:THO opened at $101.56 on Monday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.78 and a current ratio of 1.71. The company has a market cap of $5.41 billion, a PE ratio of 25.97, a PEG ratio of 1.17 and a beta of 1.69. THOR Industries has a 52-week low of $88.37 and a 52-week high of $129.31. The stock has a 50-day simple moving average of $100.04 and a 200 day simple moving average of $104.20.

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 given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.97%. The ex-dividend date was Monday, January 6th. THOR Industries’s dividend payout ratio (DPR) is presently 51.15%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. ACR Alpine Capital Research LLC lifted its stake in shares of THOR Industries by 40.6% during the 4th quarter. ACR Alpine Capital Research LLC now owns 2,142,966 shares of the construction company’s stock worth $205,103,000 after buying an additional 619,318 shares during the last quarter. State Street Corp lifted its stake in shares of 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 buying an additional 33,619 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of THOR Industries by 37.7% during the 3rd 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 last quarter. Pacer Advisors Inc. lifted its stake in shares of THOR Industries by 2.8% during the 3rd quarter. Pacer Advisors Inc. now owns 1,171,779 shares of the construction company’s stock worth $128,767,000 after buying an additional 31,416 shares during the last quarter. Finally, Madison Investment Advisors LLC acquired a new stake in shares of THOR Industries during the 4th quarter worth about $95,688,000. Institutional investors own 96.71% of the company’s stock.

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.