Brokerages Set THOR Industries, Inc. (NYSE:THO) PT at $93.00

Shares of THOR Industries, Inc. (NYSE:THO) have been given an average recommendation of “Hold” by the eight research firms that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $93.00.

A number of research analysts have recently weighed in on THO shares. Robert W. Baird decreased their price objective on shares of THOR Industries from $110.00 to $100.00 and set an “outperform” rating for the company in a report on Thursday, March 6th. DA Davidson lowered their price objective on shares of THOR Industries from $95.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, March 7th. Truist Financial reduced their target price on THOR Industries from $110.00 to $90.00 and set a “hold” rating on the stock in a report on Thursday, March 6th. KeyCorp restated an “underweight” rating and issued a $65.00 price target on shares of THOR Industries in a report on Thursday, March 20th. Finally, Citigroup cut THOR Industries from a “buy” rating to a “neutral” rating and cut their price objective for the company from $94.00 to $86.00 in a report on Wednesday, March 19th.

Hedge Funds Weigh In On THOR Industries

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Atala Financial Inc bought a new position in shares of THOR Industries in the fourth quarter valued at about $27,000. First Horizon Advisors Inc. raised its holdings in THOR Industries by 57.3% in the 4th quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock valued at $32,000 after acquiring an additional 121 shares during the period. Brooklyn Investment Group bought a new position in THOR Industries in the 3rd quarter valued at about $38,000. Brown Brothers Harriman & Co. lifted its position in THOR Industries by 369.7% during the fourth quarter. Brown Brothers Harriman & Co. now owns 418 shares of the construction company’s stock worth $40,000 after acquiring an additional 329 shares during the last quarter. Finally, Stonebridge Financial Group LLC bought a new stake in shares of THOR Industries during the fourth quarter worth approximately $51,000. Institutional investors own 96.71% of the company’s stock.

THOR Industries Stock Performance

NYSE THO opened at $75.91 on Friday. THOR Industries has a twelve month low of $75.11 and a twelve month high of $118.85. The stock has a market cap of $4.04 billion, a P/E ratio of 19.41, a PEG ratio of 1.16 and a beta of 1.74. The company’s 50-day simple moving average is $93.59 and its 200 day simple moving average is $101.07. The company has a quick ratio of 0.78, a current ratio of 1.71 and a debt-to-equity ratio of 0.26.

THOR Industries (NYSE:THO) last announced its quarterly earnings results on Wednesday, March 5th. The construction company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.08). The company had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.98 billion. THOR Industries had a net margin of 2.17% and a return on equity of 5.97%. THOR Industries’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.13 EPS. As a group, research analysts forecast that THOR Industries will post 4.64 earnings per share for the current fiscal year.

THOR Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Tuesday, April 8th. This represents a $2.00 annualized dividend and a yield of 2.63%. THOR Industries’s dividend payout ratio (DPR) is presently 53.05%.

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.