Analysts Set THOR Industries, Inc. (NYSE:THO) Price Target at $87.57

THOR Industries, Inc. (NYSE:THO) has earned a consensus recommendation of “Hold” from the nine brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $87.57.

A number of analysts have recently weighed in on the company. BMO Capital Markets lowered their price objective on THOR Industries from $120.00 to $105.00 and set an “outperform” rating for the company in a research report on Thursday, March 6th. Robert W. Baird cut THOR Industries from an “outperform” rating to a “neutral” rating and lowered their price objective for the stock from $100.00 to $85.00 in a research report on Friday, April 4th. Citigroup cut THOR Industries from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $94.00 to $86.00 in a research report on Wednesday, March 19th. Truist Financial lowered their price objective on THOR Industries from $90.00 to $72.00 and set a “hold” rating for the company in a research report on Monday, April 14th. Finally, Wall Street Zen raised THOR Industries from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th.

THOR Industries Stock Down 0.8%

Shares of NYSE THO opened at $80.16 on Friday. The company has a current ratio of 1.71, a quick ratio of 0.78 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $4.26 billion, a PE ratio of 20.50, a price-to-earnings-growth ratio of 1.16 and a beta of 1.26. The stock’s fifty day simple moving average is $75.22 and its two-hundred day simple moving average is $91.98. THOR Industries has a 12-month low of $63.16 and a 12-month high of $118.85.

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

THOR Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th were paid a $0.50 dividend. The ex-dividend date was Tuesday, April 8th. This represents a $2.00 dividend on an annualized basis and a yield of 2.49%. THOR Industries’s dividend payout ratio (DPR) is 53.05%.

Hedge Funds Weigh In On THOR Industries

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. ACR Alpine Capital Research LLC raised its stake in shares of THOR Industries by 62.5% during the 1st quarter. ACR Alpine Capital Research LLC now owns 3,482,917 shares of the construction company’s stock valued at $264,040,000 after buying an additional 1,339,951 shares during the last quarter. Madison Investment Advisors LLC purchased a new position in shares of THOR Industries during the 4th quarter valued at about $95,688,000. Southpoint Capital Advisors LP raised its stake in shares of THOR Industries by 106.2% during the 1st quarter. Southpoint Capital Advisors LP now owns 1,250,000 shares of the construction company’s stock valued at $94,762,000 after buying an additional 643,851 shares during the last quarter. Norges Bank purchased a new position in shares of THOR Industries during the 4th quarter valued at about $54,754,000. Finally, Raymond James Financial Inc. purchased a new position in shares of THOR Industries during the 4th quarter valued at about $52,497,000. Hedge funds and other institutional investors 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.