ValuEngine upgraded shares of Thor Industries (NYSE:THO) from a hold rating to a buy rating in a research report released on Sunday, December 31st.
Several other research firms have also issued reports on THO. Aegis reissued a hold rating and set a $130.00 price objective (up previously from $113.00) on shares of Thor Industries in a research note on Saturday, September 30th. Argus lowered Thor Industries from a buy rating to a hold rating in a research note on Friday, December 8th. BMO Capital Markets lifted their price target on Thor Industries to $150.00 and gave the stock a market perform rating in a research note on Tuesday, November 28th. Zacks Investment Research lowered Thor Industries from a buy rating to a hold rating in a research note on Friday, September 22nd. Finally, Northcoast Research reaffirmed a buy rating and set a $145.00 price target (up previously from $134.00) on shares of Thor Industries in a research note on Monday, September 25th. One analyst has rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of Buy and a consensus target price of $125.18.
Thor Industries (NYSE:THO) traded down $1.29 during trading hours on Friday, reaching $152.44. The company had a trading volume of 293,600 shares, compared to its average volume of 413,414. The company has a market capitalization of $8,110.00, a price-to-earnings ratio of 18.98 and a beta of 1.45. Thor Industries has a 12 month low of $87.96 and a 12 month high of $157.50. The company has a quick ratio of 0.91, a current ratio of 1.50 and a debt-to-equity ratio of 0.05.
The business also recently announced a quarterly dividend, which was paid on Tuesday, January 9th. Stockholders of record on Tuesday, December 26th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date was Friday, December 22nd. Thor Industries’s dividend payout ratio (DPR) is presently 18.43%.
In other news, Director Alan Siegel sold 1,000 shares of the business’s stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $153.75, for a total value of $153,750.00. Following the completion of the sale, the director now owns 4,988 shares of the company’s stock, valued at approximately $766,905. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 5.10% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC lifted its stake in shares of Thor Industries by 0.4% in the 2nd quarter. FMR LLC now owns 8,046 shares of the construction company’s stock valued at $841,000 after acquiring an additional 30 shares during the last quarter. Sawtooth Solutions LLC increased its holdings in Thor Industries by 4.4% during the 2nd quarter. Sawtooth Solutions LLC now owns 3,373 shares of the construction company’s stock valued at $353,000 after purchasing an additional 142 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Thor Industries by 9.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,735 shares of the construction company’s stock valued at $181,000 after purchasing an additional 151 shares during the period. Ameritas Investment Partners Inc. increased its holdings in Thor Industries by 1.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 14,320 shares of the construction company’s stock valued at $1,497,000 after purchasing an additional 214 shares during the period. Finally, Raymond James Trust N.A. increased its holdings in Thor Industries by 7.1% during the 2nd quarter. Raymond James Trust N.A. now owns 3,466 shares of the construction company’s stock valued at $362,000 after purchasing an additional 229 shares during the period. 88.35% of the stock is owned by institutional investors.
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About Thor Industries
Thor Industries, Inc manufactures a range of recreational vehicles (RVs) in the United States and sells those vehicles primarily in the United States and Canada. The Company’s segments include towable recreational vehicles, which consists of the operations of Airstream, Inc (Airstream) (towable); Heartland Recreational Vehicles, LLC (Heartland) (including Bison Coach, LLC (Bison), Cruiser RV, LLC (CRV) and DRV, LLC (DRV)); Jayco, Corp.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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