THOR Industries (NYSE:THO) Rating Reiterated by Truist Financial

Truist Financial reiterated their hold rating on shares of THOR Industries (NYSE:THO) in a report published on Friday morning, Benzinga reports. They currently have a $84.00 price objective on the construction company’s stock.

THO has been the topic of a number of other reports. Citigroup boosted their price target on shares of THOR Industries from $97.00 to $107.00 in a research note on Friday, September 1st. StockNews.com started coverage on shares of THOR Industries in a research note on Thursday, August 17th. They set a hold rating on the stock. BMO Capital Markets upped their target price on shares of THOR Industries from $105.00 to $115.00 in a research note on Wednesday, June 7th. Robert W. Baird upped their target price on shares of THOR Industries from $95.00 to $110.00 in a research note on Wednesday, June 7th. Finally, DA Davidson upped their target price on shares of THOR Industries from $72.00 to $85.00 in a research note on Thursday, June 8th. Eight research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus target price of $95.00.

THOR Industries Price Performance

THOR Industries stock opened at $94.98 on Friday. The company’s 50 day simple moving average is $106.47 and its 200-day simple moving average is $92.53. The company has a market capitalization of $5.06 billion, a price-to-earnings ratio of 9.12 and a beta of 1.87. THOR Industries has a 1 year low of $67.09 and a 1 year high of $116.31. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.71 and a current ratio of 1.79.

THOR Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 21st. Shareholders of record on Friday, July 7th were given a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date was Thursday, July 6th. THOR Industries’s dividend payout ratio is presently 17.27%.

Insider Buying and Selling at THOR Industries

In other THOR Industries news, SVP Kenneth D. Julian sold 10,000 shares of the stock in a transaction that occurred on Tuesday, July 18th. The shares were sold at an average price of $110.72, for a total value of $1,107,200.00. Following the sale, the senior vice president now directly owns 30,811 shares of the company’s stock, valued at approximately $3,411,393.92. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 4.50% of the company’s stock.

Institutional Investors Weigh In On THOR Industries

Large investors have recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of THOR Industries by 14.9% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 10,954 shares of the construction company’s stock valued at $862,000 after buying an additional 1,423 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of THOR Industries by 11.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 6,174 shares of the construction company’s stock valued at $486,000 after buying an additional 629 shares in the last quarter. Private Advisor Group LLC boosted its holdings in shares of THOR Industries by 20.9% in the 1st quarter. Private Advisor Group LLC now owns 7,616 shares of the construction company’s stock valued at $599,000 after buying an additional 1,319 shares in the last quarter. Citigroup Inc. boosted its holdings in shares of THOR Industries by 39.3% in the 1st quarter. Citigroup Inc. now owns 29,220 shares of the construction company’s stock valued at $2,300,000 after buying an additional 8,241 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in shares of THOR Industries in the 1st quarter valued at $1,068,000. 96.52% of the stock is owned by hedge funds and other institutional investors.

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.