THOR Industries (NYSE:THO) Price Target Lowered to $98.00 at Truist Financial

THOR Industries (NYSE:THO) had its target price decreased by Truist Financial from $105.00 to $98.00 in a report published on Tuesday morning,Benzinga reports. Truist Financial currently has a hold rating on the construction company’s stock.

A number of other equities research analysts also recently commented on THO. Citigroup lifted their target price on shares of THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a research report on Thursday, September 26th. DA Davidson restated a “neutral” rating and set a $95.00 price target on shares of THOR Industries in a research note on Monday, September 30th. StockNews.com upgraded shares of THOR Industries from a “sell” rating to a “hold” rating in a research note on Saturday. Benchmark reiterated a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $120.00 target price on shares of THOR Industries in a report on Thursday, September 19th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, THOR Industries presently has a consensus rating of “Hold” and an average price target of $111.17.

THOR Industries Trading Down 0.6 %

NYSE:THO opened at $95.37 on Tuesday. The company’s 50 day moving average price is $104.58 and its 200-day moving average price is $103.34. 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 52 week low of $88.37 and a 52 week high of $129.31. The stock has a market cap of $5.08 billion, a price-to-earnings ratio of 24.39 and a beta of 1.68.

THOR Industries Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Monday, January 6th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.10%. The ex-dividend date is Monday, January 6th. THOR Industries’s payout ratio is 51.15%.

Insider Buying and Selling at THOR Industries

In related news, VP Colleen A. Zuhl sold 4,354 shares of the stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $115.00, for a total transaction of $500,710.00. Following the sale, the vice president now owns 131,905 shares in the company, valued at approximately $15,169,075. This represents a 3.20 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On THOR Industries

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quarry LP purchased a new stake in THOR Industries in the 2nd quarter worth about $28,000. UMB Bank n.a. grew its stake in shares of THOR Industries by 2,050.0% during 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 during the last quarter. Van ECK Associates Corp bought a new stake in shares of THOR Industries during the 3rd quarter worth approximately $32,000. Brooklyn Investment Group purchased a new position in THOR Industries during the 3rd quarter valued at $38,000. Finally, Headlands Technologies LLC bought a new position in THOR Industries in the 2nd quarter valued at $42,000. Hedge funds and other 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.