THOR Industries, Inc. (NYSE:THO) Receives Average Recommendation of “Hold” from Brokerages

THOR Industries, Inc. (NYSE:THO) has earned an average recommendation of “Hold” from the nine ratings firms that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $87.57.

THO has been the subject of a number of research analyst reports. Truist Financial reduced their price target on shares of THOR Industries from $90.00 to $72.00 and set a “hold” rating for the company in a research note on Monday, April 14th. DA Davidson upgraded shares of THOR Industries to a “hold” rating in a research note on Monday, April 14th. Citigroup cut THOR Industries from a “buy” rating to a “neutral” rating and lowered their price target for the company from $94.00 to $86.00 in a report on Wednesday, March 19th. Bank of America raised THOR Industries from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $110.00 to $125.00 in a report on Monday, March 3rd. Finally, BMO Capital Markets dropped their target price on THOR Industries from $120.00 to $105.00 and set an “outperform” rating on the stock in a research report on Thursday, March 6th.

THOR Industries Trading Up 1.5 %

NYSE:THO opened at $74.23 on Wednesday. THOR Industries has a 52 week low of $63.16 and a 52 week high of $118.85. The stock has a market cap of $3.95 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 1.16 and a beta of 1.59. The company’s 50 day moving average price is $79.17 and its 200-day moving average price is $95.41. 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 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 return on equity of 5.97% and a net margin of 2.17%. The business had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.98 billion. During the same quarter in the prior year, the firm earned $0.13 EPS. The firm’s revenue for the quarter was down 8.6% compared to the same quarter last year. On average, equities 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 disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Tuesday, April 8th were paid a dividend of $0.50 per share. The ex-dividend date was Tuesday, April 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.69%. THOR Industries’s dividend payout ratio (DPR) is presently 53.05%.

Institutional Investors Weigh In On THOR Industries

A number of institutional investors and hedge funds have recently added to or reduced their stakes in THO. Venturi Wealth Management LLC lifted its stake in THOR Industries by 1.7% in the 4th quarter. Venturi Wealth Management LLC now owns 6,312 shares of the construction company’s stock worth $604,000 after purchasing an additional 108 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in THOR Industries by 0.7% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 15,971 shares of the construction company’s stock valued at $1,529,000 after buying an additional 112 shares during the last quarter. Sanctuary Advisors LLC increased its stake in THOR Industries by 0.5% in the 4th quarter. Sanctuary Advisors LLC now owns 21,614 shares of the construction company’s stock worth $2,278,000 after acquiring an additional 113 shares during the last quarter. Blue Trust Inc. increased its stake in THOR Industries by 22.1% in the 4th quarter. Blue Trust Inc. now owns 669 shares of the construction company’s stock worth $64,000 after acquiring an additional 121 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in shares of THOR Industries by 57.3% during the 4th quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock worth $32,000 after acquiring an additional 121 shares in the last quarter. Institutional investors own 96.71% of the company’s stock.

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.