Thor Industries, Inc. (NYSE:THO) Receives Average Recommendation of “Hold” from Analysts

Thor Industries, Inc. (NYSE:THO) has been assigned a consensus rating of “Hold” from the fourteen ratings firms that are presently covering the company, MarketBeat.com reports. Eleven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $92.3333.

THO has been the topic of a number of recent analyst reports. Zacks Research raised shares of Thor Industries from a “strong sell” rating to a “hold” rating in a research report on Monday, August 24th. Benchmark restated a “hold” rating on shares of Thor Industries in a research report on Friday, June 12th. Loop Capital raised their price objective on Thor Industries from $90.00 to $96.00 and gave the stock a “buy” rating in a research note on Thursday, June 4th. Citigroup decreased their target price on Thor Industries from $80.00 to $79.00 and set a “neutral” rating for the company in a research note on Friday, July 24th. Finally, Bank of America lowered their price target on Thor Industries from $120.00 to $96.00 and set a “buy” rating for the company in a report on Thursday, June 4th.

Thor Industries Stock Down 3.1%

Thor Industries stock opened at $71.84 on Friday. The company’s 50 day simple moving average is $76.78 and its 200 day simple moving average is $79.03. Thor Industries has a fifty-two week low of $69.71 and a fifty-two week high of $122.83. The firm has a market capitalization of $3.74 billion, a price-to-earnings ratio of 31.10, a PEG ratio of 1.63 and a beta of 1.34. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.71 and a quick ratio of 0.80.

Thor Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were given a $0.52 dividend. The ex-dividend date was Wednesday, July 1st. This represents a $2.08 annualized dividend and a dividend yield of 2.9%. Thor Industries’s payout ratio is currently 90.04%.

Institutional Trading of Thor Industries

A number of large investors have recently bought and sold shares of THO. Triad Investment Management raised its holdings in Thor Industries by 10.9% during the 2nd quarter. Triad Investment Management now owns 51,900 shares of the RV manufacturer’s stock worth $3,901,000 after buying an additional 5,088 shares during the period. Waverly Advisors LLC boosted its holdings in shares of Thor Industries by 4.4% in the second quarter. Waverly Advisors LLC now owns 6,431 shares of the RV manufacturer’s stock valued at $483,000 after buying an additional 271 shares during the period. Nykredit A S bought a new stake in shares of Thor Industries during the second quarter worth $229,000. Corient Private Wealth LP raised its holdings in shares of Thor Industries by 32.5% during the second quarter. Corient Private Wealth LP now owns 34,935 shares of the RV manufacturer’s stock worth $2,626,000 after acquiring an additional 8,572 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Thor Industries during the second quarter worth $248,000. 96.71% of the stock is owned by institutional investors.

About Thor Industries

Thor Industries, Inc is a leading manufacturer of recreational vehicles (RVs) and related components for the leisure travel market. Through its family of well-known brands—such as Airstream, Heartland, Jayco, Keystone RV and Thor Motor Coach—the company designs, manufactures and sells a broad range of motorized and towable RVs, complemented by aftermarket parts and service solutions. Thor offers products that span travel trailers, fifth wheels, toy haulers and Class A, B and C motorhomes, addressing both entry-level and premium segments.

Founded in 1980 when Wade Thompson and Peter Orthwein acquired Airstream from Beatrice Foods, Thor Industries has grown organically and through strategic acquisitions to become one of the largest RV producers in the world.