THOR Industries (NYSE:THO) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of THOR Industries (NYSE:THO) from a hold rating to a sell rating in a research report sent to investors on Wednesday morning.

A number of other brokerages have also issued reports on THO. Benchmark restated a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. Truist Financial raised their price objective on shares of THOR Industries from $98.00 to $110.00 and gave the stock a “hold” rating in a research report on Monday, February 10th. Finally, Bank of America began coverage on shares of THOR Industries in a research note on Friday, December 13th. They issued a “neutral” rating and a $120.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, THOR Industries currently has a consensus rating of “Hold” and an average target price of $113.17.

THOR Industries Trading Down 1.5 %

NYSE:THO opened at $99.06 on Wednesday. The company has a market capitalization of $5.27 billion, a PE ratio of 25.34, a P/E/G ratio of 1.18 and a beta of 1.69. THOR Industries has a 52-week low of $88.37 and a 52-week high of $129.31. The stock’s 50 day moving average price is $99.60 and its 200 day moving average price is $104.17. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26.

THOR Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, January 6th were paid a $0.50 dividend. The ex-dividend date was Monday, January 6th. This represents a $2.00 annualized dividend and a yield of 2.02%. THOR Industries’s dividend payout ratio is currently 51.15%.

Institutional Trading of THOR Industries

Several hedge funds have recently made changes to their positions in THO. Atala Financial Inc purchased a new position in THOR Industries during the fourth quarter worth about $27,000. Van ECK Associates Corp acquired a new position in THOR Industries during the 3rd quarter worth approximately $32,000. First Horizon Advisors Inc. increased its position in THOR Industries by 57.3% during the 4th quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock worth $32,000 after purchasing an additional 121 shares during the period. Brooklyn Investment Group purchased a new position in shares of THOR Industries during the 3rd quarter worth approximately $38,000. Finally, Brown Brothers Harriman & Co. lifted its holdings in shares of THOR Industries by 369.7% in the 4th quarter. Brown Brothers Harriman & Co. now owns 418 shares of the construction company’s stock valued at $40,000 after buying an additional 329 shares during the period. Institutional investors and hedge funds 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.