THOR Industries, Inc. (NYSE:THO) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of THOR Industries, Inc. (NYSE:THO) have been given a consensus rating of “Moderate Buy” by the five brokerages that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $102.00.

Several equities research analysts recently issued reports on the stock. TheStreet cut shares of THOR Industries from a “b-” rating to a “c+” rating in a report on Monday, March 18th. Robert W. Baird cut their price objective on THOR Industries from $120.00 to $110.00 and set an “outperform” rating for the company in a report on Thursday, June 6th. Truist Financial reduced their price objective on THOR Industries from $100.00 to $95.00 and set a “hold” rating for the company in a research report on Thursday, June 6th. Finally, Citigroup dropped their target price on THOR Industries from $120.00 to $113.00 and set a “buy” rating on the stock in a research report on Friday, June 7th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in THO. Invesco Ltd. increased its stake in THOR Industries by 93.4% in the 3rd quarter. Invesco Ltd. now owns 353,098 shares of the construction company’s stock worth $33,590,000 after buying an additional 170,486 shares in the last quarter. Parkside Financial Bank & Trust boosted its stake in shares of THOR Industries by 889.3% in the third quarter. Parkside Financial Bank & Trust now owns 277 shares of the construction company’s stock worth $26,000 after acquiring an additional 249 shares during the period. O Shaughnessy Asset Management LLC grew its position in shares of THOR Industries by 26.9% during the third quarter. O Shaughnessy Asset Management LLC now owns 18,349 shares of the construction company’s stock worth $1,746,000 after purchasing an additional 3,894 shares in the last quarter. Treasurer of the State of North Carolina raised its stake in THOR Industries by 2.0% during the 3rd quarter. Treasurer of the State of North Carolina now owns 35,663 shares of the construction company’s stock valued at $3,393,000 after purchasing an additional 706 shares during the period. Finally, Qube Research & Technologies Ltd lifted its holdings in THOR Industries by 87.5% in the 3rd quarter. Qube Research & Technologies Ltd now owns 411,854 shares of the construction company’s stock worth $39,180,000 after purchasing an additional 192,192 shares in the last quarter. 96.71% of the stock is currently owned by institutional investors.

THOR Industries Stock Down 1.5 %

THO stock opened at $92.03 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 1.65 and a quick ratio of 0.74. THOR Industries has a 1-year low of $84.54 and a 1-year high of $129.31. The stock has a market capitalization of $4.90 billion, a P/E ratio of 18.67 and a beta of 1.72. The business has a fifty day moving average price of $97.47 and a 200-day moving average price of $108.03.

THOR Industries (NYSE:THO) last issued its earnings results on Wednesday, June 5th. The construction company reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.89 by $0.24. The business had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.73 billion. THOR Industries had a return on equity of 7.07% and a net margin of 2.59%. THOR Industries’s revenue was down 4.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.24 EPS. Equities analysts forecast that THOR Industries will post 4.8 earnings per share for the current fiscal year.

THOR Industries Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 18th. Shareholders of record on Wednesday, July 3rd will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.09%. The ex-dividend date is Wednesday, July 3rd. THOR Industries’s dividend payout ratio is presently 38.95%.

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.