THOR Industries (NYSE:THO) Price Target Cut to $60.00 by Analysts at KeyCorp

THOR Industries (NYSE:THO) had its price objective lowered by KeyCorp from $65.00 to $60.00 in a research note released on Thursday morning,Benzinga reports. The firm currently has an underweight rating on the construction company’s stock.

THO has been the subject of a number of other reports. DA Davidson raised THOR Industries to a “hold” rating in a research note on Monday, April 14th. Truist Financial dropped their target price 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. StockNews.com raised shares of THOR Industries from a “sell” rating to a “hold” rating in a research note on Thursday, February 27th. Robert W. Baird downgraded shares of THOR Industries from an “outperform” rating to a “neutral” rating and cut their target price for the stock from $100.00 to $85.00 in a research note on Friday, April 4th. Finally, Bank of America upgraded shares of THOR Industries from a “neutral” rating to a “buy” rating and increased their target price for the stock from $110.00 to $125.00 in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, THOR Industries presently has an average rating of “Hold” and an average price target of $87.57.

THOR Industries Trading Up 1.5 %

NYSE THO opened at $69.06 on Thursday. 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 $3.67 billion, a P/E ratio of 17.66, a PEG ratio of 1.16 and a beta of 1.59. The firm’s 50-day moving average is $83.38 and its two-hundred day moving average is $97.11. THOR Industries has a 12 month low of $63.16 and a 12 month high of $118.85.

THOR Industries (NYSE:THO) last released its quarterly earnings results on Wednesday, March 5th. The construction company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.08). The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations 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 was down 8.6% on a year-over-year basis. During the same period last year, the firm posted $0.13 earnings per share. On average, sell-side analysts anticipate that THOR Industries will post 4.64 earnings per share for the current year.

THOR Industries Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Tuesday, April 8th will be issued a $0.50 dividend. The ex-dividend date is Tuesday, April 8th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.90%. THOR Industries’s payout ratio is 53.05%.

Hedge Funds Weigh In On THOR Industries

A number of institutional investors and hedge funds have recently modified their holdings of THO. Atala Financial Inc acquired a new position in shares of THOR Industries during the 4th quarter worth about $27,000. First Horizon Advisors Inc. boosted its holdings in THOR Industries by 57.3% in the fourth quarter. First Horizon Advisors Inc. now owns 332 shares of the construction company’s stock valued at $32,000 after purchasing an additional 121 shares in the last quarter. Brown Brothers Harriman & Co. increased its stake in THOR Industries by 369.7% in the fourth quarter. Brown Brothers Harriman & Co. now owns 418 shares of the construction company’s stock valued at $40,000 after purchasing an additional 329 shares during the last quarter. UMB Bank n.a. raised its holdings in THOR Industries by 135.6% during the first quarter. UMB Bank n.a. now owns 483 shares of the construction company’s stock worth $37,000 after purchasing an additional 278 shares in the last quarter. Finally, Anchor Investment Management LLC purchased a new stake in shares of THOR Industries during the 3rd quarter worth approximately $58,000. Institutional investors and hedge funds 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.