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

Shares of THOR Industries, Inc. (NYSE:THO) have earned a consensus rating of “Hold” from the seven analysts that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $111.17.

THO has been the topic of a number of research reports. StockNews.com downgraded THOR Industries from a “hold” rating to a “sell” rating in a research note on Friday. DA Davidson reissued a “neutral” rating and issued a $95.00 target price on shares of THOR Industries in a research report on Monday, September 30th. Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. Bank of America initiated coverage on shares of THOR Industries in a report on Friday, December 13th. They issued a “neutral” rating and a $120.00 price objective on the stock. Finally, Citigroup upped their target price on shares of THOR Industries from $119.00 to $124.00 and gave the company a “buy” rating in a report on Thursday, September 26th.

Institutional Trading of THOR Industries

Several hedge funds have recently bought and sold shares of the stock. Stratos Wealth Advisors LLC lifted its position in shares of THOR Industries by 2.2% in the third quarter. Stratos Wealth Advisors LLC now owns 6,411 shares of the construction company’s stock worth $705,000 after buying an additional 135 shares in the last quarter. Nisa Investment Advisors LLC increased its stake in THOR Industries by 0.9% in the 3rd quarter. Nisa Investment Advisors LLC now owns 15,776 shares of the construction company’s stock worth $1,734,000 after acquiring an additional 135 shares during the last quarter. Palouse Capital Management Inc. raised its holdings in shares of THOR Industries by 25.1% during the 2nd quarter. Palouse Capital Management Inc. now owns 793 shares of the construction company’s stock worth $74,000 after acquiring an additional 159 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of THOR Industries by 34.7% during the 3rd quarter. GAMMA Investing LLC now owns 780 shares of the construction company’s stock valued at $86,000 after acquiring an additional 201 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of THOR Industries by 62.6% in the third quarter. Blue Trust Inc. now owns 548 shares of the construction company’s stock valued at $60,000 after purchasing an additional 211 shares in the last quarter. Hedge funds and other institutional investors own 96.71% of the company’s stock.

THOR Industries Trading Down 1.9 %

NYSE THO opened at $101.97 on Monday. The stock’s 50 day moving average is $103.09 and its 200 day moving average is $103.69. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26. The firm has a market capitalization of $5.43 billion, a PE ratio of 26.08, a P/E/G ratio of 1.08 and a beta of 1.68. THOR Industries has a twelve month low of $88.37 and a twelve month high of $129.31.

THOR Industries Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Monday, January 6th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.96%. The ex-dividend date of this dividend was Monday, January 6th. THOR Industries’s dividend payout ratio (DPR) is 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.