THOR Industries, Inc. (NYSE:THO) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of THOR Industries, Inc. (NYSE:THO) have received an average recommendation of “Moderate Buy” from the five analysts that are currently covering the firm, MarketBeat Ratings reports. Two 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 brokers that have updated their coverage on the stock in the last year is $102.00.

THO has been the subject of a number of research reports. Citigroup reduced their price target on shares of THOR Industries from $120.00 to $113.00 and set a “buy” rating for the company in a report on Friday, June 7th. Truist Financial cut their price target on shares of THOR Industries from $100.00 to $95.00 and set a “hold” rating on the stock in a report on Thursday, June 6th. Robert W. Baird cut their price target on shares of THOR Industries from $120.00 to $110.00 and set an “outperform” rating on the stock in a report on Thursday, June 6th. Finally, TheStreet cut shares of THOR Industries from a “b-” rating to a “c+” rating in a report on Monday, March 18th.

Institutional Trading of THOR Industries

Hedge funds have recently added to or reduced their stakes in the stock. LVW Advisors LLC lifted its position in THOR Industries by 2.1% during the 4th quarter. LVW Advisors LLC now owns 4,430 shares of the construction company’s stock valued at $524,000 after acquiring an additional 91 shares during the period. Fifth Third Bancorp lifted its position in THOR Industries by 13.8% during the 4th quarter. Fifth Third Bancorp now owns 766 shares of the construction company’s stock valued at $91,000 after acquiring an additional 93 shares during the period. State of Michigan Retirement System lifted its position in THOR Industries by 0.8% during the 4th quarter. State of Michigan Retirement System now owns 12,818 shares of the construction company’s stock valued at $1,516,000 after acquiring an additional 100 shares during the period. Gamco Investors INC. ET AL lifted its position in THOR Industries by 2.5% during the 1st quarter. Gamco Investors INC. ET AL now owns 4,100 shares of the construction company’s stock valued at $481,000 after acquiring an additional 100 shares during the period. Finally, Ontario Teachers Pension Plan Board lifted its position in THOR Industries by 0.8% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 13,960 shares of the construction company’s stock valued at $1,638,000 after acquiring an additional 108 shares during the period. Institutional investors own 96.71% of the company’s stock.

THOR Industries Price Performance

THO stock opened at $90.44 on Thursday. The company has a fifty day moving average price of $97.89 and a 200-day moving average price of $108.44. The company has a market capitalization of $4.81 billion, a P/E ratio of 18.34 and a beta of 1.74. THOR Industries has a 52-week low of $84.54 and a 52-week high of $129.31. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.74 and a current ratio of 1.65.

THOR Industries (NYSE:THO) last released its quarterly earnings results on Wednesday, June 5th. The construction company reported $2.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.89 by $0.24. The firm had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.73 billion. THOR Industries had a net margin of 2.59% and a return on equity of 7.07%. The company’s revenue for the quarter was down 4.4% on a year-over-year basis. During the same quarter last year, the firm earned $2.24 earnings per share. As a group, equities analysts expect that THOR Industries will post 4.8 EPS for the current year.

THOR Industries Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Wednesday, July 3rd will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 2.12%. The ex-dividend date of this dividend is Wednesday, July 3rd. THOR Industries’s dividend payout ratio is 38.95%.

THOR Industries Company Profile

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.