Thor Industries (NYSE:THO) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Thor Industries (NYSE:THO) from a sell rating to a hold rating in a report released on Saturday,Wall Street Zen reports.

Several other analysts have also recently issued reports on the stock. Loop Capital upped their price objective on shares of Thor Industries from $90.00 to $96.00 and gave the company a “buy” rating in a research note on Thursday, June 4th. Argus upgraded Thor Industries to a “hold” rating in a report on Friday, June 12th. Citigroup dropped their target price on Thor Industries from $80.00 to $79.00 and set a “neutral” rating for the company in a report on Friday, July 24th. Bank of America reduced their price target on Thor Industries from $120.00 to $96.00 and set a “buy” rating on the stock in a report on Thursday, June 4th. Finally, Roth Capital set a $78.00 price objective on shares of Thor Industries in a report on Thursday, June 4th. Three investment analysts have rated the stock with a Buy rating and eleven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $92.33.

Thor Industries Trading Down 0.0%

Shares of THO opened at $76.93 on Friday. Thor Industries has a 52-week low of $69.71 and a 52-week high of $122.83. The company has a quick ratio of 0.80, a current ratio of 1.71 and a debt-to-equity ratio of 0.20. The firm’s fifty day moving average is $76.87 and its two-hundred day moving average is $79.62. The stock has a market cap of $4.00 billion, a PE ratio of 33.30, a price-to-earnings-growth ratio of 1.69 and a beta of 1.34.

Thor Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were issued a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Wednesday, July 1st. Thor Industries’s payout ratio is presently 90.04%.

Institutional Trading of Thor Industries

A number of large investors have recently bought and sold shares of THO. Allworth Financial LP acquired a new position in shares of Thor Industries during the second quarter worth about $26,000. Curio Wealth LLC purchased a new position in shares of Thor Industries during the 4th quarter worth approximately $36,000. Danske Bank A S purchased a new position in shares of Thor Industries during the 3rd quarter worth approximately $41,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in shares of Thor Industries in the 4th quarter valued at approximately $51,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Thor Industries in the second quarter valued at approximately $52,000. Institutional investors and hedge funds own 96.71% of the company’s stock.

Thor Industries Company Profile

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.