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

StockNews.com lowered shares of THOR Industries (NYSE:THO) from a hold rating to a sell rating in a research note released on Wednesday morning.

Several other equities analysts have also recently commented on THO. Bank of America assumed coverage on shares of THOR Industries in a research report on Friday, December 13th. They issued a “neutral” rating and a $120.00 price target for the company. Truist Financial lifted their target price on THOR Industries from $98.00 to $110.00 and gave the company a “hold” rating in a report on Monday, February 10th. Finally, Benchmark reissued a “hold” rating on shares of THOR Industries in a research note on Tuesday, December 3rd. 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 company’s stock. According to MarketBeat, THOR Industries currently has an average rating of “Hold” and an average price target of $113.17.

THOR Industries Trading Down 1.5 %

NYSE THO opened at $99.06 on Wednesday. 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 firm has a market cap of $5.27 billion, a price-to-earnings ratio of 25.34, a PEG ratio of 1.18 and a beta of 1.69. The firm has a 50 day simple moving average of $99.60 and a 200-day simple moving average of $104.17. THOR Industries has a one year low of $88.37 and a one year high of $129.31.

THOR Industries Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, January 6th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend was Monday, January 6th. THOR Industries’s dividend payout ratio (DPR) is presently 51.15%.

Institutional Trading of THOR Industries

A number of institutional investors have recently bought and sold shares of THO. Castlekeep Investment Advisors LLC acquired a new stake in shares of THOR Industries during the 4th quarter worth about $440,000. Neo Ivy Capital Management increased its stake in THOR Industries by 11.7% in the fourth quarter. Neo Ivy Capital Management now owns 2,451 shares of the construction company’s stock valued at $234,000 after purchasing an additional 257 shares during the last quarter. Waverly Advisors LLC raised its holdings in THOR Industries by 57.6% during the fourth quarter. Waverly Advisors LLC now owns 5,535 shares of the construction company’s stock worth $530,000 after purchasing an additional 2,023 shares in the last quarter. Vident Advisory LLC lifted its position in shares of THOR Industries by 10.5% during the 4th quarter. Vident Advisory LLC now owns 9,431 shares of the construction company’s stock worth $903,000 after buying an additional 897 shares during the last quarter. Finally, Southpoint Capital Advisors LP lifted its position in shares of THOR Industries by 73.2% during the 4th quarter. Southpoint Capital Advisors LP now owns 606,149 shares of the construction company’s stock worth $58,015,000 after buying an additional 256,149 shares during 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.