THOR Industries, Inc. (NYSE:THO) Receives Average Rating of “Moderate Buy” from Analysts

Shares of THOR Industries, Inc. (NYSE:THO) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $104.00.

Several brokerages have recently weighed in on THO. Truist Financial cut their target price on THOR Industries from $110.00 to $90.00 and set a “hold” rating on the stock in a research report on Thursday, March 6th. Benchmark reissued a “hold” rating on shares of THOR Industries in a research report on Tuesday, December 3rd. DA Davidson cut their target price on THOR Industries from $95.00 to $80.00 and set a “neutral” rating on the stock in a research report on Friday. Bank of America raised THOR Industries from a “neutral” rating to a “buy” rating and raised their target price for the stock from $110.00 to $125.00 in a research report on Monday, March 3rd. Finally, StockNews.com raised THOR Industries from a “sell” rating to a “hold” rating in a research report on Thursday, February 27th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its stake in shares of THOR Industries by 37.7% in 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 during the last quarter. Natixis Advisors LLC grew its stake in shares of THOR Industries by 51.3% in the 3rd quarter. Natixis Advisors LLC now owns 504,922 shares of the construction company’s stock valued at $55,486,000 after purchasing an additional 171,244 shares during the last quarter. State Street Corp grew its stake in shares of THOR Industries by 2.1% in the 3rd quarter. State Street Corp now owns 1,624,002 shares of the construction company’s stock valued at $178,462,000 after purchasing an additional 33,619 shares during the last quarter. Radnor Capital Management LLC purchased a new position in shares of THOR Industries in the 3rd quarter valued at approximately $631,000. Finally, Consolidated Planning Corp purchased a new position in shares of THOR Industries in the 3rd quarter valued at approximately $620,000. Institutional investors and hedge funds own 96.71% of the company’s stock.

THOR Industries Price Performance

THO stock opened at $82.17 on Tuesday. 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 firm has a market capitalization of $4.37 billion, a P/E ratio of 21.02, a P/E/G ratio of 1.16 and a beta of 1.74. The business’s 50-day moving average is $98.88 and its two-hundred day moving average is $103.68. THOR Industries has a 1 year low of $78.88 and a 1 year high of $118.85.

THOR Industries (NYSE:THO) last issued its 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 for the quarter, compared to analyst estimates of $1.98 billion. During the same period last year, the business posted $0.13 EPS. THOR Industries’s revenue was down 8.6% on a year-over-year basis. Analysts anticipate that THOR Industries will post 4.64 earnings per share for the current fiscal year.

THOR Industries Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Monday, January 6th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.43%. The ex-dividend date was Monday, January 6th. THOR Industries’s dividend payout ratio (DPR) is 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.