Brokerages Set THOR Industries, Inc. (NYSE:THO) Price Target at $110.80

THOR Industries, Inc. (NYSE:THO) has earned a consensus recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $110.80.

Several brokerages recently weighed in on THO. Truist Financial increased their price objective on shares of THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a report on Friday, September 20th. DA Davidson restated a “neutral” rating and issued a $95.00 price target on shares of THOR Industries in a research report on Monday, September 30th. BMO Capital Markets reiterated an “outperform” rating and issued a $120.00 price objective on shares of THOR Industries in a report on Thursday, September 19th. Citigroup raised their target price on THOR Industries from $119.00 to $124.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Finally, Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a research note on Tuesday, October 1st.

THOR Industries Stock Up 1.0 %

NYSE:THO opened at $104.58 on Wednesday. The company has a market cap of $5.54 billion, a price-to-earnings ratio of 21.21 and a beta of 1.67. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.82 and a current ratio of 1.69. The stock’s fifty day moving average price is $106.61 and its two-hundred day moving average price is $101.28. THOR Industries has a 52-week low of $88.37 and a 52-week high of $129.31.

THOR Industries (NYSE:THO) last posted its quarterly earnings results on Tuesday, September 24th. The construction company reported $1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.33. The business had revenue of $2.53 billion for the quarter, compared to analysts’ expectations of $2.47 billion. THOR Industries had a return on equity of 7.02% and a net margin of 2.64%. The firm’s quarterly revenue was down 7.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.68 earnings per share. On average, analysts anticipate that THOR Industries will post 4.85 EPS for the current year.

THOR Industries Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 15th. Shareholders of record on Friday, November 1st will be issued a $0.50 dividend. This is an increase from THOR Industries’s previous quarterly dividend of $0.48. This represents a $2.00 annualized dividend and a dividend yield of 1.91%. The ex-dividend date of this dividend is Friday, November 1st. THOR Industries’s dividend payout ratio is 38.95%.

Insider Transactions at THOR Industries

In other news, VP Colleen A. Zuhl sold 4,354 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $115.00, for a total value of $500,710.00. Following the completion of the transaction, the vice president now owns 131,905 shares in the company, valued at $15,169,075. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 4.70% of the stock is currently owned by insiders.

Institutional Trading of THOR Industries

Hedge funds and other institutional investors have recently modified their holdings of the company. Pacer Advisors Inc. grew its holdings in shares of THOR Industries by 35.1% during the second quarter. Pacer Advisors Inc. now owns 1,140,363 shares of the construction company’s stock worth $106,567,000 after buying an additional 296,583 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of THOR Industries by 6.9% in the second quarter. Dimensional Fund Advisors LP now owns 2,901,024 shares of the construction company’s stock valued at $271,097,000 after purchasing an additional 187,019 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of THOR Industries in the third quarter valued at approximately $13,229,000. American Century Companies Inc. lifted its position in shares of THOR Industries by 12.2% in the second quarter. American Century Companies Inc. now owns 723,910 shares of the construction company’s stock worth $67,649,000 after purchasing an additional 78,832 shares in the last quarter. Finally, ACR Alpine Capital Research LLC boosted its holdings in THOR Industries by 4.3% during the second quarter. ACR Alpine Capital Research LLC now owns 1,524,303 shares of the construction company’s stock worth $142,446,000 after purchasing an additional 62,716 shares during the last quarter. Institutional investors and hedge funds own 96.71% of the company’s stock.

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.