THOR Industries, Inc. (NYSE:THO) Given Average Recommendation of “Moderate Buy” by Brokerages

THOR Industries, Inc. (NYSE:THO) has been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $114.00.

A number of brokerages have commented on THO. StockNews.com raised THOR Industries from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th. Bank of America raised THOR Industries from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $110.00 to $125.00 in a report on Monday. Benchmark reiterated a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. Finally, Truist Financial raised their price target on shares of THOR Industries from $98.00 to $110.00 and gave the stock a “hold” rating in a research report on Monday, February 10th.

THOR Industries Trading Up 0.1 %

NYSE:THO opened at $99.49 on Tuesday. The company has a market capitalization of $5.29 billion, a P/E ratio of 25.45, a PEG ratio of 1.16 and a beta of 1.69. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26. THOR Industries has a 12 month low of $88.37 and a 12 month high of $128.80. The firm has a fifty day simple moving average of $99.82 and a 200-day simple moving average of $104.25.

THOR Industries Dividend Announcement

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

Hedge Funds Weigh In On THOR Industries

Several institutional investors have recently made changes to their positions in THO. Private Advisor Group LLC purchased a new position in THOR Industries in the third quarter valued at $316,000. State of Alaska Department of Revenue grew its position in shares of THOR Industries by 7.2% during the 3rd quarter. State of Alaska Department of Revenue now owns 6,200 shares of the construction company’s stock valued at $681,000 after acquiring an additional 415 shares during the period. Stephens Inc. AR purchased a new position in shares of THOR Industries in the 3rd quarter valued at about $215,000. Janney Montgomery Scott LLC acquired a new position in THOR Industries in the 3rd quarter worth about $13,229,000. Finally, Harbor Capital Advisors Inc. boosted its position in THOR Industries by 102.7% during the third quarter. Harbor Capital Advisors Inc. now owns 28,591 shares of the construction company’s stock worth $3,142,000 after purchasing an additional 14,485 shares in the last quarter. 96.71% of the stock is owned by hedge funds and other institutional investors.

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.