Shares of Thor Industries, Inc. (NYSE:THO – Get Free Report) have been assigned an average rating of “Hold” from the fourteen brokerages that are presently covering the stock, MarketBeat Ratings reports. Eleven equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $92.3333.
THO has been the topic of a number of research analyst reports. Roth Capital set a $78.00 price target on shares of Thor Industries in a report on Thursday, June 4th. BMO Capital Markets lowered their price objective on shares of Thor Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a research report on Thursday, June 4th. Loop Capital boosted their target price 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 raised shares of Thor Industries to a “hold” rating in a research report on Friday, June 12th. Finally, Benchmark restated a “hold” rating on shares of Thor Industries in a research note on Friday, June 12th.
Check Out Our Latest Stock Report on Thor Industries
Thor Industries Stock Performance
Thor Industries Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were paid a dividend of $0.52 per share. 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 dividend payout ratio is presently 90.04%.
Institutional Investors Weigh In On Thor Industries
Institutional investors have recently added to or reduced their stakes in the business. ACR Alpine Capital Research LLC raised its holdings in Thor Industries by 18.6% during the 1st quarter. ACR Alpine Capital Research LLC now owns 4,903,124 shares of the RV manufacturer’s stock valued at $391,711,000 after acquiring an additional 769,342 shares during the period. BlackRock Inc. purchased a new stake in shares of Thor Industries during the second quarter worth $363,258,000. California State Teachers Retirement System boosted its holdings in shares of Thor Industries by 7,200.4% in the second quarter. California State Teachers Retirement System now owns 4,324,556 shares of the RV manufacturer’s stock worth $325,034,000 after acquiring an additional 4,265,319 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Thor Industries by 3.1% in the first quarter. Dimensional Fund Advisors LP now owns 3,146,574 shares of the RV manufacturer’s stock valued at $251,375,000 after purchasing an additional 96,080 shares in the last quarter. Finally, Life Cycle Investment Partners Ltd purchased a new position in shares of Thor Industries in the fourth quarter valued at $255,482,000. 96.71% of the stock is owned by hedge funds and other institutional investors.
Thor Industries Company Profile
Thor Industries, Inc is a manufacturer of recreational vehicles (RVs) and related products. The company produces towable RVs, including travel trailers and fifth-wheel trailers, as well as motorized RVs such as Class A, Class B and Class C motorhomes. Its portfolio includes well-known brands such as Airstream, Jayco, Entegra Coach, Keystone, Dutchmen, Tiffin and CrossRoads.
Thor also owns Erwin Hymer Group, a major European recreational-vehicle manufacturer whose brands include HYMER, Dethleffs, Bürstner, LMC, Carado and Sunlight.
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