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

THOR Industries (NYSE:THO) had its price target reduced by Truist Financial from $105.00 to $98.00 in a research note released on Tuesday,Benzinga reports. They currently have a hold rating on the construction company’s stock.

A number of other research firms also recently issued reports on THO. 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 report on Saturday, January 4th. Benchmark reiterated a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. BMO Capital Markets reissued an “outperform” rating and set a $120.00 price objective on shares of THOR Industries in a research report on Thursday, September 19th. Finally, Citigroup lifted their price objective on shares of THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $111.17.

THOR Industries Stock Up 0.3 %

THO stock opened at $95.42 on Tuesday. The stock has a market cap of $5.08 billion, a P/E ratio of 24.40 and a beta of 1.68. 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 twelve month low of $88.37 and a twelve month high of $129.31. The company’s 50 day moving average is $104.18 and its two-hundred day moving average is $103.23.

THOR Industries Dividend Announcement

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

Insider Transactions at THOR Industries

In related news, VP Colleen A. Zuhl sold 4,354 shares of THOR Industries stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of $115.00, for a total value of $500,710.00. Following the sale, the vice president now directly owns 131,905 shares in the company, valued at $15,169,075. The trade was a 3.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 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 bought and sold shares of the business. Quarry LP purchased a new position in shares of THOR Industries in the 2nd quarter valued at about $28,000. UMB Bank n.a. grew its position in THOR Industries by 2,050.0% during the third quarter. UMB Bank n.a. now owns 258 shares of the construction company’s stock worth $28,000 after buying an additional 246 shares during the period. Van ECK Associates Corp purchased a new position in THOR Industries in the third quarter valued at about $32,000. Brooklyn Investment Group acquired a new stake in shares of THOR Industries during the 3rd quarter valued at approximately $38,000. Finally, Headlands Technologies LLC purchased a new stake in shares of THOR Industries during the 2nd quarter worth approximately $42,000. Institutional investors and hedge funds 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.