Brokerages Set THOR Industries, Inc. (NYSE:THO) Target Price at $112.33

THOR Industries, Inc. (NYSE:THO) has been given an average rating of “Hold” by the seven research firms that are presently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $112.33.

THO has been the subject of several analyst reports. DA Davidson reissued a “neutral” rating and issued a $95.00 target price on shares of THOR Industries in a research note on Monday, September 30th. BMO Capital Markets reissued an “outperform” rating and issued a $120.00 price objective on shares of THOR Industries in a research report on Thursday, September 19th. StockNews.com cut shares of THOR Industries from a “hold” rating to a “sell” rating in a report on Friday, December 6th. Benchmark reiterated a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. Finally, Truist Financial upped their price objective on THOR Industries from $95.00 to $105.00 and gave the company a “hold” rating in a research note on Friday, September 20th.

Insider Activity

In other THOR Industries news, VP Colleen A. Zuhl sold 4,354 shares of THOR Industries stock in a transaction dated 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 sale, the vice president now owns 131,905 shares in the company, valued at $15,169,075. The trade was a 3.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.50% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in THO. Tortoise Investment Management LLC boosted its stake in shares of THOR Industries by 77.0% in the second quarter. Tortoise Investment Management LLC now owns 285 shares of the construction company’s stock valued at $27,000 after buying an additional 124 shares during the period. Stratos Wealth Advisors LLC lifted its position in shares of THOR Industries by 2.2% during the 3rd quarter. Stratos Wealth Advisors LLC now owns 6,411 shares of the construction company’s stock valued at $705,000 after acquiring an additional 135 shares during the period. Nisa Investment Advisors LLC grew its holdings in shares of THOR Industries by 0.9% during the 3rd quarter. Nisa Investment Advisors LLC now owns 15,776 shares of the construction company’s stock worth $1,734,000 after purchasing an additional 135 shares in the last quarter. Palouse Capital Management Inc. increased its position in shares of THOR Industries by 25.1% in the second quarter. Palouse Capital Management Inc. now owns 793 shares of the construction company’s stock worth $74,000 after purchasing an additional 159 shares during the period. Finally, GAMMA Investing LLC raised its stake in THOR Industries by 34.7% in the third quarter. GAMMA Investing LLC now owns 780 shares of the construction company’s stock valued at $86,000 after purchasing an additional 201 shares in the last quarter. 96.71% of the stock is owned by institutional investors.

THOR Industries Trading Up 1.0 %

Shares of NYSE:THO opened at $97.26 on Thursday. The company’s 50-day moving average price is $107.88 and its two-hundred day moving average price is $103.11. THOR Industries has a one year low of $88.37 and a one year high of $129.31. The company has a debt-to-equity ratio of 0.26, a current ratio of 1.71 and a quick ratio of 0.78. The stock has a market capitalization of $5.18 billion, a PE ratio of 24.87 and a beta of 1.67.

THOR Industries (NYSE:THO) last released its earnings results on Tuesday, September 24th. The construction company reported $1.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.33. The business had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.47 billion. THOR Industries had a return on equity of 5.97% and a net margin of 2.17%. THOR Industries’s revenue was down 7.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.68 earnings per share. On average, equities analysts forecast that THOR Industries will post 4.67 EPS for the current fiscal year.

THOR Industries Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Monday, January 6th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date is Monday, January 6th. THOR Industries’s dividend payout ratio is presently 51.15%.

About THOR Industries

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.