THOR Industries, Inc. (NYSE:THO) Receives $87.57 Consensus Price Target from Analysts

THOR Industries, Inc. (NYSE:THO) has received a consensus rating of “Hold” from the nine ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research 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 12 month target price among brokerages that have covered the stock in the last year is $87.57.

Several research firms have recently issued reports on THO. 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 note on Thursday, March 6th. Citigroup lowered THOR Industries from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $94.00 to $86.00 in a research note on Wednesday, March 19th. Bank of America raised THOR Industries from a “neutral” rating to a “buy” rating and raised their price target for the stock from $110.00 to $125.00 in a research note on Monday, March 3rd. KeyCorp decreased their price target on THOR Industries from $65.00 to $60.00 and set an “underweight” rating for the company in a research note on Thursday, April 17th. Finally, Truist Financial decreased their price target on THOR Industries from $90.00 to $72.00 and set a “hold” rating for the company in a research note on Monday, April 14th.

Institutional Investors Weigh In On THOR Industries

A number of institutional investors and hedge funds have recently bought and sold shares of THO. Madison Investment Advisors LLC bought a new stake in THOR Industries during the 4th quarter valued at $95,688,000. ACR Alpine Capital Research LLC raised its position 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 purchasing an additional 619,318 shares in the last quarter. Norges Bank bought a new stake in THOR Industries during the 4th quarter valued at $54,754,000. Raymond James Financial Inc. bought a new stake in THOR Industries during the 4th quarter valued at $52,497,000. Finally, JPMorgan Chase & Co. raised its position 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 purchasing an additional 411,466 shares in the last quarter. 96.71% of the stock is owned by institutional investors.

THOR Industries Trading Down 0.7 %

THO opened at $73.96 on Wednesday. THOR Industries has a 12 month low of $63.16 and a 12 month high of $118.85. 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 50-day moving average of $80.28 and a 200 day moving average of $95.82. The firm has a market cap of $3.93 billion, a P/E ratio of 18.92, a P/E/G ratio of 1.16 and a beta of 1.59.

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

THOR Industries Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Tuesday, April 8th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date was Tuesday, April 8th. THOR Industries’s dividend payout ratio (DPR) is presently 53.05%.

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.