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

THOR Industries, Inc. (NYSE:THO) has been given an average rating of “Hold” by the seven research firms that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $113.17.

Several analysts recently commented on THO shares. Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. Bank of America assumed coverage on THOR Industries in a report on Friday, December 13th. They set a “neutral” rating and a $120.00 price objective for the company. Truist Financial increased their target price on THOR Industries from $98.00 to $110.00 and gave the stock a “hold” rating in a research note on Monday. Finally, StockNews.com upgraded THOR Industries from a “sell” rating to a “hold” rating in a research note on Monday.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Jump Financial LLC raised its holdings in THOR Industries by 75.5% in the fourth quarter. Jump Financial LLC now owns 15,636 shares of the construction company’s stock worth $1,497,000 after purchasing an additional 6,725 shares in the last quarter. Guggenheim Capital LLC grew its position in shares of THOR Industries by 20.2% in the 4th quarter. Guggenheim Capital LLC now owns 2,963 shares of the construction company’s stock worth $284,000 after buying an additional 498 shares during the period. Mariner LLC lifted its position in THOR Industries by 2.2% during the 4th quarter. Mariner LLC now owns 64,402 shares of the construction company’s stock valued at $6,164,000 after acquiring an additional 1,401 shares during the period. Timucuan Asset Management Inc. FL boosted its stake in THOR Industries by 16.2% during the fourth quarter. Timucuan Asset Management Inc. FL now owns 2,038,765 shares of the construction company’s stock worth $195,130,000 after acquiring an additional 283,744 shares in the last quarter. Finally, Sterling Capital Management LLC grew its holdings in THOR Industries by 55.4% in the fourth quarter. Sterling Capital Management LLC now owns 3,014 shares of the construction company’s stock worth $288,000 after purchasing an additional 1,075 shares during the period. Hedge funds and other institutional investors own 96.71% of the company’s stock.

THOR Industries Stock Performance

Shares of THO opened at $102.64 on Friday. The company has a market cap of $5.46 billion, a PE ratio of 26.25, a price-to-earnings-growth ratio of 1.17 and a beta of 1.69. The firm has a 50-day moving average of $100.02 and a 200-day moving average of $104.19. THOR Industries has a one year low of $88.37 and a one year high of $129.31. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78.

THOR Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, January 6th were issued 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 1.95%. THOR Industries’s dividend payout ratio (DPR) is presently 51.15%.

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.