THOR Industries, Inc. (NYSE:THO) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of THOR Industries, Inc. (NYSE:THO) have received an average recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $102.00.

Several equities analysts have commented on the stock. Robert W. Baird dropped their target price on shares of THOR Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, June 6th. Truist Financial decreased their price target on shares of THOR Industries from $100.00 to $95.00 and set a “hold” rating for the company in a research note on Thursday, June 6th. Citigroup decreased their price target on shares of THOR Industries from $120.00 to $113.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Finally, Benchmark assumed coverage on shares of THOR Industries in a research note on Thursday, July 18th. They set a “hold” rating for the company.

THOR Industries Stock Performance

NYSE THO opened at $102.28 on Tuesday. The company has a market capitalization of $5.44 billion, a price-to-earnings ratio of 20.75 and a beta of 1.67. THOR Industries has a twelve month low of $84.54 and a twelve month high of $129.31. The stock has a fifty day simple moving average of $101.40 and a 200 day simple moving average of $102.06. The company has a quick ratio of 0.74, a current ratio of 1.65 and a debt-to-equity ratio of 0.30.

THOR Industries Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 18th. Investors of record on Wednesday, July 3rd were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend was Wednesday, July 3rd. THOR Industries’s dividend payout ratio is currently 38.95%.

Hedge Funds Weigh In On THOR Industries

Hedge funds and other institutional investors have recently modified their holdings of the stock. Kayne Anderson Rudnick Investment Management LLC grew its holdings in THOR Industries by 0.4% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,356,769 shares of the construction company’s stock worth $500,590,000 after purchasing an additional 21,841 shares during the period. Vanguard Group Inc. grew its holdings in THOR Industries by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 5,295,044 shares of the construction company’s stock worth $626,139,000 after purchasing an additional 24,985 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of THOR Industries by 6.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,901,024 shares of the construction company’s stock worth $271,097,000 after buying an additional 187,019 shares in the last quarter. ACR Alpine Capital Research LLC lifted its stake in shares of THOR Industries by 4.3% in the second quarter. ACR Alpine Capital Research LLC now owns 1,524,303 shares of the construction company’s stock worth $142,446,000 after buying an additional 62,716 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its stake in shares of THOR Industries by 35.1% in the second quarter. Pacer Advisors Inc. now owns 1,140,363 shares of the construction company’s stock worth $106,567,000 after buying an additional 296,583 shares in the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

THOR Industries Company Profile

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.