THOR Industries, Inc. (NYSE:THO) Receives $114.00 Average Target Price from Analysts

THOR Industries, Inc. (NYSE:THO) has been given an average recommendation of “Moderate Buy” by the seven analysts that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $106.50.

THO has been the subject of several research analyst reports. Truist Financial decreased their price target on shares of THOR Industries from $110.00 to $90.00 and set a “hold” rating for the company in a research note on Thursday. StockNews.com raised shares of THOR Industries from a “sell” rating to a “hold” rating in a report on Thursday, February 27th. Benchmark reaffirmed a “hold” rating on shares of THOR Industries in a report on Tuesday, December 3rd. Robert W. Baird dropped their price objective on shares of THOR Industries from $110.00 to $100.00 and set an “outperform” rating on the stock in a report on Thursday. Finally, BMO Capital Markets lowered their price target on shares of THOR Industries from $120.00 to $105.00 and set an “outperform” rating on the stock in a report on Thursday.

Institutional Trading of THOR Industries

Several large investors have recently bought and sold shares of the business. ACR Alpine Capital Research LLC grew its stake in THOR Industries by 40.6% during the 4th quarter. ACR Alpine Capital Research LLC now owns 2,142,966 shares of the construction company’s stock valued at $205,103,000 after acquiring an additional 619,318 shares in the last quarter. Timucuan Asset Management Inc. FL grew its stake in THOR Industries by 16.2% during the 4th quarter. Timucuan Asset Management Inc. FL now owns 2,038,765 shares of the construction company’s stock valued at $195,130,000 after acquiring an additional 283,744 shares in the last quarter. State Street Corp grew its stake in THOR Industries by 2.1% during the 3rd quarter. State Street Corp now owns 1,624,002 shares of the construction company’s stock valued at $178,462,000 after acquiring an additional 33,619 shares in the last quarter. JPMorgan Chase & Co. grew its stake in THOR Industries by 37.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 1,502,208 shares of the construction company’s stock valued at $165,078,000 after acquiring an additional 411,466 shares in the last quarter. Finally, Pacer Advisors Inc. grew its stake in shares of THOR Industries by 2.8% in the 3rd quarter. Pacer Advisors Inc. now owns 1,171,779 shares of the construction company’s stock valued at $128,767,000 after buying an additional 31,416 shares during the period. Hedge funds and other institutional investors own 96.71% of the company’s stock.

THOR Industries Stock Up 6.3 %

Shares of NYSE THO opened at $86.56 on Tuesday. 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 company has a market cap of $4.61 billion, a P/E ratio of 22.14, a PEG ratio of 1.16 and a beta of 1.69. THOR Industries has a 1 year low of $78.88 and a 1 year high of $118.85. The firm has a 50-day simple moving average of $99.52 and a two-hundred day simple moving average of $104.04.

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

THOR Industries Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Monday, January 6th were paid a dividend of $0.50 per share. The ex-dividend date was Monday, January 6th. This represents a $2.00 annualized dividend and a yield of 2.31%. THOR Industries’s dividend payout ratio is presently 51.15%.

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.