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

Shares of THOR Industries, Inc. (NYSE:THO) have been assigned an average rating of “Hold” from the seven ratings firms that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $111.17.

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

THOR Industries Stock Down 1.6 %

THOR Industries stock opened at $99.33 on Friday. THOR Industries has a 12 month low of $88.37 and a 12 month high of $129.31. The stock has a fifty day simple moving average of $100.42 and a two-hundred day simple moving average of $104.23. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 25.40, a PEG ratio of 1.17 and a beta of 1.69.

THOR Industries Dividend Announcement

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

Hedge Funds Weigh In On THOR Industries

A number of hedge funds and other institutional investors have recently made changes to their positions in THO. ACR Alpine Capital Research LLC boosted its position in 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 valued at $205,103,000 after acquiring an additional 619,318 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of THOR Industries in the 4th quarter valued at approximately $52,497,000. JPMorgan Chase & Co. raised its holdings in shares of THOR Industries by 37.7% in the third 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. Natixis Advisors LLC lifted its position in THOR Industries by 51.3% during the 3rd quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company’s stock worth $55,486,000 after acquiring an additional 171,244 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in THOR Industries by 46.4% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 501,479 shares of the construction company’s stock valued at $55,108,000 after buying an additional 159,022 shares during the last quarter. Institutional investors own 96.71% of the company’s stock.

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.